Cheniere Energy Sees Large Increase in Short Interest (LNG)
Shares of Cheniere Energy (NYSE:LNG) were the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 17,464,210 shares, a growth of 1.4% from the July 15th total of 17,219,178 shares, StockRatingsNetwork reports. Currently, 7.9% of the company’s shares are short sold. Based on an average trading volume of 2,345,147 shares, the short-interest ratio is currently 7.4 days.
In other Cheniere Energy news, VP Jean Abiteboul unloaded 50,000 shares of Cheniere Energy stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $71.24, for a total value of $3,562,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on LNG shares. Analysts at Zacks upgraded shares of Cheniere Energy from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $77.00 price target on the stock. Separately, analysts at Raymond James initiated coverage on shares of Cheniere Energy in a research note on Tuesday, June 10th. They set a “market perform” rating on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Cheniere Energy in a research note on Monday, June 2nd. They now have a $75.00 price target on the stock, up previously from $65.00. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $68.25.
Shares of Cheniere Energy (NYSE:LNG) traded up 0.49% on Monday, hitting $71.07. 1,449,177 shares of the company’s stock traded hands. Cheniere Energy has a 1-year low of $26.72 and a 1-year high of $76.46. The stock has a 50-day moving average of $71.67 and a 200-day moving average of $59.0. The company’s market cap is $15.891 billion.
Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.90) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.33) by $0.57. The company had revenue of $67.65 million for the quarter, compared to the consensus estimate of $66.44 million. During the same quarter in the prior year, the company posted ($0.71) earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Analysts expect that Cheniere Energy will post $-1.18 EPS for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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