Cheniere Energy Sees Significant Decrease in Short Interest (LNG)
Cheniere Energy (NYSE:LNG) was the target of a large drop in short interest in July. As of July 15th, there was short interest totalling 17,219,178 shares, a drop of 2.8% from the June 30th total of 17,714,542 shares, Analyst Ratings News reports. Approximately 7.8% of the shares of the stock are sold short. Based on an average daily volume of 2,112,211 shares, the days-to-cover ratio is currently 8.2 days.
In other Cheniere Energy news, VP R Keith Teague unloaded 25,000 shares of Cheniere Energy stock on the open market in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $71.08, for a total value of $1,777,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
LNG has been the subject of a number of recent research reports. Analysts at Raymond James initiated coverage on shares of Cheniere Energy in a research note on Tuesday, June 10th. They set a “market perform” rating on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Cheniere Energy in a research note on Monday, June 2nd. They now have a $75.00 price target on the stock, up previously from $65.00. Finally, analysts at Goldman Sachs raised their price target on shares of Cheniere Energy to $70.00 in a research note on Friday, May 30th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $65.66.
Shares of Cheniere Energy (NYSE:LNG) opened at 75.25 on Friday. Cheniere Energy has a 1-year low of $26.72 and a 1-year high of $76.46. The stock’s 50-day moving average is $70.02 and its 200-day moving average is $56.80. The company’s market cap is $16.796 billion.
Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, May 1st. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.04. The company had revenue of $67.55 million for the quarter, compared to the consensus estimate of $66.09 million. During the same quarter last year, the company posted ($0.54) earnings per share. Cheniere Energy’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Cheniere Energy will post $-1.20 EPS for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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