Cheniere Energy, Inc. (LNG) Short Interest Update

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) saw a large 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 trading volume, of 1,560,307 shares, the short-interest ratio is currently 11.4 days. Approximately 7.6% of the company’s stock are short sold.

LNG has been the subject of several analyst reports. ValuEngine lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub raised shares of Cheniere Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 6th. J P Morgan Chase & Co reduced 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. Cowen began 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. Finally, Citigroup boosted their target price on shares of Cheniere Energy from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $53.50.

Cheniere Energy (NYSEAMERICAN:LNG) opened at $49.60 on Friday. Cheniere Energy has a 52-week low of $40.36 and a 52-week high of $51.51.

Cheniere Energy (NYSEAMERICAN:LNG) last released its earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share 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 analysts’ expectations of $1.27 billion. During the same period last year, the company posted ($0.41) earnings per share. Cheniere Energy’s revenue was up 201.7% on a year-over-year basis.

In other Cheniere Energy news, Director David B. Kilpatrick sold 20,000 shares of Cheniere Energy 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 owns 2,464 shares of the company’s stock, valued at approximately $121,105.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Several large investors have recently bought and sold shares of the company. Sii Investments Inc. WI increased its holdings in shares of Cheniere Energy by 0.7% during the 2nd quarter. Sii Investments Inc. WI now owns 9,424 shares of the energy company’s stock worth $461,000 after purchasing an additional 66 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Cheniere Energy by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 14,532 shares of the energy company’s stock worth $708,000 after purchasing an additional 79 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of Cheniere Energy by 2.1% during the 2nd quarter. Proficio Capital Partners LLC now owns 5,060 shares of the energy company’s stock worth $228,000 after purchasing an additional 102 shares during the period. Kingfisher Capital LLC increased its holdings in shares of Cheniere Energy by 0.4% during the 2nd quarter. Kingfisher Capital LLC now owns 34,644 shares of the energy company’s stock worth $1,688,000 after purchasing an additional 155 shares during the period. Finally, Sheaff Brock Investment Advisors LLC increased its holdings in shares of Cheniere Energy by 5.1% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 5,480 shares of the energy company’s stock worth $267,000 after purchasing an additional 265 shares during the period.

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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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