Cheniere Energy Short Interest Up 0.8% in August (LNG)
Shares of Cheniere Energy (NYSE:LNG) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 17,610,029 shares, an increase of 0.8% from the July 31st total of 17,464,210 shares, Analyst Ratings Network.com reports. Based on an average daily trading volume, of 2,321,727 shares, the short-interest ratio is currently 7.6 days. Currently, 7.9% of the company’s shares are sold short.
A number of analysts have recently weighed in on LNG shares. Analysts at Howard Weil initiated coverage on shares of Cheniere Energy in a research note on Thursday, August 14th. They set a “sector perform” rating and a $79.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Cheniere Energy from a “neutral” rating to an “outperform” rating in a research note on Monday, August 11th. They now have a $77.00 price target on the stock. Finally, 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. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $69.44.
Cheniere Energy (NYSE:LNG) traded up 0.26% during mid-day trading on Tuesday, hitting $77.37. The stock had a trading volume of 2,304,602 shares. Cheniere Energy has a one year low of $27.82 and a one year high of $78.30. The stock’s 50-day moving average is $72.8 and its 200-day moving average is $61.54. The company’s market cap is $17.300 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 $-1.44 EPS for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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