Cheniere Energy, Inc. (NYSE:LNG) Short Interest Update
Cheniere Energy, Inc. (NYSE:LNG) was the target of a significant increase in short interest in the month of July. As of July 14th, there was short interest totalling 13,475,833 shares, an increase of 4.6% from the June 30th total of 12,878,085 shares. Approximately 5.8% of the company’s stock are sold short. Based on an average trading volume of 1,380,504 shares, the short-interest ratio is currently 9.8 days.
Several hedge funds have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. increased its stake in shares of Cheniere Energy by 11.1% in the first quarter. UBS Asset Management Americas Inc. now owns 498,879 shares of the energy company’s stock valued at $23,582,000 after buying an additional 49,801 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Cheniere Energy during the first quarter valued at approximately $142,000. AQR Capital Management LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $339,000. Addison Capital Co increased its stake in shares of Cheniere Energy by 32.8% in the first quarter. Addison Capital Co now owns 48,109 shares of the energy company’s stock valued at $2,274,000 after buying an additional 11,883 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Cheniere Energy during the first quarter valued at approximately $19,536,000.
Cheniere Energy (NYSE LNG) traded up 0.07% on Tuesday, reaching $46.05. 1,579,406 shares of the company were exchanged. The company’s 50-day moving average price is $47.66 and its 200-day moving average price is $47.02. Cheniere Energy has a 12-month low of $35.07 and a 12-month high of $51.41. The stock’s market capitalization is $10.70 billion.
Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, May 4th. The energy company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.60. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $663.20 million. The business’s revenue for the quarter was up 1655.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.41) EPS. Equities research analysts anticipate that Cheniere Energy will post $0.58 earnings per share for the current fiscal year.
LNG has been the topic of a number of research analyst reports. Guggenheim initiated coverage on shares of Cheniere Energy in a report on Monday, April 17th. They set a “buy” rating and a $54.00 price objective on the stock. Credit Suisse Group restated an “outperform” rating and set a $58.00 price objective (up from $55.00) on shares of Cheniere Energy in a report on Saturday, April 22nd. Zacks Investment Research lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Morgan Stanley lowered shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective on the stock. in a report on Tuesday, June 13th. Finally, Scotiabank set a $52.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $54.08.
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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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