Cheniere Energy, Inc. (LNG) Short Interest Up 4.2% in May
Cheniere Energy, Inc. (NYSE:LNG) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 12,126,348 shares, an increase of 4.2% from the April 28th total of 11,635,388 shares. Currently, 5.2% of the company’s stock are short sold. Based on an average daily volume of 2,185,789 shares, the days-to-cover ratio is presently 5.5 days.
Hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in Cheniere Energy by 21.9% in the first quarter. Van ECK Associates Corp now owns 2,675 shares of the energy company’s stock valued at $126,000 after buying an additional 480 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Cheniere Energy during the first quarter valued at $142,000. WFG Advisors LP increased its stake in Cheniere Energy by 113.8% in the fourth quarter. WFG Advisors LP now owns 1,067 shares of the energy company’s stock valued at $154,000 after buying an additional 568 shares in the last quarter. Advisory Services Network LLC bought a new stake in Cheniere Energy during the first quarter valued at $155,000. Finally, Toronto Dominion Bank increased its stake in Cheniere Energy by 13.9% in the first quarter. Toronto Dominion Bank now owns 3,685 shares of the energy company’s stock valued at $174,000 after buying an additional 449 shares in the last quarter.
LNG has been the topic of a number of recent research reports. Wells Fargo & Co initiated coverage on shares of Cheniere Energy in a report on Wednesday, February 8th. They issued an “outperform” rating and a $50.53 price objective on the stock. Zacks Investment Research upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Friday, February 17th. Scotiabank reiterated a “buy” rating and issued a $52.00 target price on shares of Cheniere Energy in a research note on Thursday, March 23rd. Guggenheim assumed coverage on shares of Cheniere Energy in a research note on Monday, April 17th. They issued a “buy” rating and a $54.00 target price on the stock. Finally, Barclays PLC upped their target price on shares of Cheniere Energy from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Cheniere Energy presently has an average rating of “Buy” and a consensus target price of $53.17.
Shares of Cheniere Energy (NYSE:LNG) traded up 3.73% on Wednesday, reaching $50.64. 4,693,607 shares of the company were exchanged. The firm’s 50 day moving average price is $47.14 and its 200 day moving average price is $44.79. Cheniere Energy has a 52 week low of $31.02 and a 52 week high of $50.71. The stock’s market capitalization is $11.77 billion.
Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, May 4th. The energy company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.60. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $663.20 million. The firm’s revenue for the quarter was up 1655.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.41) EPS. Equities research analysts anticipate that Cheniere Energy will post $0.09 EPS for the current year.
About Cheniere Energy
Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.
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