Cheniere Energy, Inc. (LNG) Sees Large Growth in Short Interest

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) was the target of a significant growth in short interest in April. As of April 13th, there was short interest totalling 13,675,639 shares, a growth of 3.1% from the March 30th total of 13,270,215 shares. Based on an average trading volume of 2,104,164 shares, the short-interest ratio is currently 6.5 days. Currently, 5.9% of the shares of the stock are short sold.

Shares of LNG stock opened at $56.55 on Wednesday. Cheniere Energy has a 12-month low of $40.36 and a 12-month high of $60.22.

Cheniere Energy (NYSEAMERICAN:LNG) last issued its earnings results on Wednesday, February 21st. The energy company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.19. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm posted $0.25 earnings per share. The company’s revenue for the quarter was up 205.2% compared to the same quarter last year.



Several equities analysts have recently commented on the company. TheStreet upgraded Cheniere Energy from a “d+” rating to a “c” rating in a research report on Wednesday, February 21st. Guggenheim restated a “buy” rating on shares of Cheniere Energy in a research report on Friday, February 16th. Scotiabank restated a “buy” rating and issued a $65.00 price objective on shares of Cheniere Energy in a research report on Monday, January 29th. Zacks Investment Research upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Barclays reaffirmed a “buy” rating and issued a $62.00 target price on shares of Cheniere Energy in a report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. Cheniere Energy currently has a consensus rating of “Buy” and a consensus price target of $59.64.

A number of hedge funds and other institutional investors have recently modified their holdings of LNG. First Interstate Bank increased its stake in Cheniere Energy by 2,873.0% during the fourth quarter. First Interstate Bank now owns 2,973 shares of the energy company’s stock worth $160,000 after acquiring an additional 2,873 shares during the last quarter. Fiduciary Trust Co. bought a new stake in Cheniere Energy during the fourth quarter worth approximately $207,000. BB&T Securities LLC bought a new stake in Cheniere Energy during the fourth quarter worth approximately $209,000. Barber Financial Group Inc. bought a new stake in Cheniere Energy during the fourth quarter worth approximately $215,000. Finally, Mariner Wealth Advisors LLC bought a new stake in Cheniere Energy during the fourth quarter worth approximately $219,000.

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About Cheniere Energy

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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