Cheniere Energy, Inc. (NYSEAMERICAN:LNG) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 17,718,217 shares, a growth of 2.7% from the November 15th total of 17,255,784 shares. Based on an average daily volume of 1,560,307 shares, the days-to-cover ratio is currently 11.4 days. Currently, 7.6% of the company’s shares are sold short.
A number of analysts recently weighed in on the stock. Cowen assumed coverage on shares of Cheniere Energy in a research note on Friday, November 17th. They issued a “market perform” rating and a $56.00 price objective for the company. Citigroup upped their price objective on shares of Cheniere Energy from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. BidaskClub raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. J P Morgan Chase & Co lowered their price objective on shares of Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, November 1st. Finally, Scotiabank reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Cheniere Energy in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Cheniere Energy currently has a consensus rating of “Buy” and an average target price of $53.50.
Shares of Cheniere Energy (LNG) traded up $0.30 during trading on Monday, reaching $47.70. 2,079,492 shares of the company’s stock were exchanged, compared to its average volume of 1,965,964. Cheniere Energy has a fifty-two week low of $40.36 and a fifty-two week high of $51.51.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Tuesday, November 14th. The energy company reported ($1.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($1.08). The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.27 billion. The business’s quarterly revenue was up 201.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.41) EPS.
In other news, Director David B. Kilpatrick sold 20,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $49.15, for a total transaction of $983,000.00. Following the completion of the sale, the director now directly owns 2,464 shares of the company’s stock, valued at $121,105.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Cheniere Energy by 12.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 22,457 shares of the energy company’s stock valued at $1,094,000 after acquiring an additional 2,441 shares in the last quarter. Marshall Wace North America L.P. increased its holdings in shares of Cheniere Energy by 35.0% during the second quarter. Marshall Wace North America L.P. now owns 57,504 shares of the energy company’s stock valued at $2,818,000 after acquiring an additional 14,893 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Cheniere Energy by 23.2% during the second quarter. BNP Paribas Arbitrage SA now owns 42,905 shares of the energy company’s stock valued at $2,090,000 after acquiring an additional 8,088 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Cheniere Energy by 48.6% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 64,164 shares of the energy company’s stock valued at $3,125,000 after acquiring an additional 20,993 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Cheniere Energy by 22.1% during the second quarter. Janus Henderson Group PLC now owns 42,389 shares of the energy company’s stock valued at $2,065,000 after acquiring an additional 7,667 shares in the last quarter.
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Cheniere Energy Company Profile
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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