Cheniere Energy, Inc. (NYSEAMERICAN:LNG) was the target of a significant decrease in short interest in the month of September. As of September 14th, there was short interest totalling 9,184,327 shares, a decrease of 4.8% from the August 31st total of 9,650,773 shares. Based on an average daily trading volume, of 1,800,550 shares, the short-interest ratio is currently 5.1 days. Approximately 3.7% of the company’s shares are short sold.

Several analysts have issued reports on the stock. US Capital Advisors restated a “buy” rating on shares of Cheniere Energy in a research report on Tuesday, July 17th. Cowen upgraded shares of Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research report on Wednesday. BMO Capital Markets restated a “buy” rating and set a $81.00 price target on shares of Cheniere Energy in a research report on Friday, July 13th. Scotiabank set a $82.00 price target on shares of Cheniere Energy and gave the company a “buy” rating in a research report on Monday, August 20th. Finally, Zacks Investment Research lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $71.18.

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal London Asset Management Ltd. bought a new position in Cheniere Energy in the second quarter worth about $5,497,000. Northern Trust Corp raised its stake in Cheniere Energy by 2.8% in the second quarter. Northern Trust Corp now owns 1,142,190 shares of the energy company’s stock worth $74,461,000 after buying an additional 31,593 shares in the last quarter. Energy Opportunities Capital Management LLC raised its stake in Cheniere Energy by 25.7% in the second quarter. Energy Opportunities Capital Management LLC now owns 26,310 shares of the energy company’s stock worth $1,715,000 after buying an additional 5,375 shares in the last quarter. Atlantic Trust LLC bought a new position in Cheniere Energy in the second quarter worth about $205,000. Finally, Andra AP fonden bought a new position in Cheniere Energy in the second quarter worth about $1,037,000.

LNG stock opened at $69.50 on Friday. Cheniere Energy has a 1 year low of $43.83 and a 1 year high of $70.21.

Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings results on Thursday, August 9th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.32). The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm posted ($1.23) earnings per share. Cheniere Energy’s quarterly revenue was up 24.3% compared to the same quarter last year.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

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