Cheniere Energy, Inc. (NYSE:LNG) saw a large increase in short interest in 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. Currently, 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 presently 9.8 days.
LNG has been the subject of several recent 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 for the company. Zacks Investment Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $58.00 price target (up from $55.00) on shares of Cheniere Energy in a report on Saturday, April 22nd. Barclays PLC lifted their price target on shares of Cheniere Energy from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Finally, Scotiabank set a $52.00 price target on shares of Cheniere Energy and gave the company a “buy” rating in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.08.
Cheniere Energy (NYSE:LNG) traded up 0.94% on Wednesday, hitting $43.00. 2,314,366 shares of the stock traded hands. The firm’s market cap is $9.99 billion. The stock has a 50-day moving average of $46.84 and a 200-day moving average of $47.05. Cheniere Energy has a 12-month low of $35.07 and a 12-month high of $51.41.
A number of large investors have recently modified their holdings of the company. Addison Capital Co raised 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 worth $2,274,000 after buying an additional 11,883 shares in the last quarter. Viking Fund Management LLC bought a new stake in shares of Cheniere Energy during the first quarter worth approximately $4,727,000. Atria Investments LLC raised its stake in shares of Cheniere Energy by 5.9% in the first quarter. Atria Investments LLC now owns 6,780 shares of the energy company’s stock worth $320,000 after buying an additional 378 shares in the last quarter. Capstone Asset Management Co. bought a new stake in shares of Cheniere Energy during the first quarter worth approximately $230,000. Finally, Regentatlantic Capital LLC bought a new stake in shares of Cheniere Energy during the first quarter worth approximately $201,000.
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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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