Cheniere Energy, Inc. (LNG) Short Interest Up 2.7% in November
Cheniere Energy, Inc. (NYSEAMERICAN:LNG) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 17,718,217 shares, an increase of 2.7% from the November 15th total of 17,255,784 shares. Currently, 7.6% of the shares of the stock are sold short. Based on an average trading volume of 1,560,307 shares, the short-interest ratio is currently 11.4 days.
In related news, Director David B. Kilpatrick sold 20,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $49.15, for a total transaction of $983,000.00. Following the sale, the director now directly owns 2,464 shares in the company, valued at approximately $121,105.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter valued at about $633,000. Steward Partners Investment Advisory LLC bought a new position in shares of Cheniere Energy in the 3rd quarter valued at about $236,000. Energy Opportunities Capital Management LLC bought a new position in shares of Cheniere Energy in the 3rd quarter valued at about $1,186,000. GSA Capital Partners LLP bought a new position in shares of Cheniere Energy in the 3rd quarter valued at about $561,000. Finally, Tortoise Capital Advisors L.L.C. grew its holdings in shares of Cheniere Energy by 15.3% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 6,058,373 shares of the energy company’s stock valued at $272,869,000 after acquiring an additional 804,825 shares in the last quarter.
Shares of Cheniere Energy (NYSEAMERICAN LNG) opened at $48.48 on Thursday. Cheniere Energy has a 12 month low of $40.36 and a 12 month high of $51.51.
Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($1.08). The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the company earned ($0.41) earnings per share. Cheniere Energy’s revenue for the quarter was up 201.7% on a year-over-year basis.
A number of research analysts have recently weighed in on the company. BidaskClub raised Cheniere Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 6th. ValuEngine downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Citigroup increased their price target on Cheniere Energy from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Scotiabank reissued a “buy” rating and issued a $52.00 price target on shares of Cheniere Energy in a research note on Wednesday, October 25th. Finally, Cowen assumed coverage on Cheniere Energy in a research note on Friday, November 17th. They issued a “market perform” rating and a $56.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Cheniere Energy has an average rating of “Buy” and an average price target of $53.50.
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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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