Short Interest in Cheniere Energy, Inc. (LNG) Grows By 2.7%

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) saw a large increase in short interest in April. As of April 30th, there was short interest totalling 5,939,209 shares, an increase of 2.7% from the April 15th total of 5,784,586 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average daily volume of 1,438,151 shares, the short-interest ratio is presently 4.1 days.

LNG traded up $0.75 during trading hours on Tuesday, reaching $67.15. The company’s stock had a trading volume of 95,726 shares, compared to its average volume of 1,748,253. Cheniere Energy has a 52 week low of $55.09 and a 52 week high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last posted its quarterly earnings results on Thursday, May 9th. The energy company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.25. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the company posted $1.50 EPS. The firm’s revenue was up .8% on a year-over-year basis.

LNG has been the topic of a number of analyst reports. Evercore ISI initiated coverage on Cheniere Energy in a research note on Tuesday, March 12th. They set an “outperform” rating on the stock. Scotiabank initiated coverage on Cheniere Energy in a research note on Friday, February 8th. They set an “outperform” rating on the stock. Finally, Gabelli initiated coverage on Cheniere Energy in a research note on Monday, May 13th. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $78.10.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Standard Life Aberdeen plc grew its holdings in Cheniere Energy by 1.7% in the 4th quarter. Standard Life Aberdeen plc now owns 11,110 shares of the energy company’s stock valued at $651,000 after buying an additional 186 shares in the last quarter. Fiduciary Trust Co. grew its holdings in Cheniere Energy by 5.3% in the 4th quarter. Fiduciary Trust Co. now owns 4,000 shares of the energy company’s stock valued at $237,000 after buying an additional 200 shares in the last quarter. Assetmark Inc. grew its holdings in Cheniere Energy by 12.0% in the 1st quarter. Assetmark Inc. now owns 1,997 shares of the energy company’s stock valued at $137,000 after buying an additional 214 shares in the last quarter. Pillar Pacific Capital Management LLC grew its holdings in Cheniere Energy by 0.3% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 70,998 shares of the energy company’s stock valued at $4,202,000 after buying an additional 225 shares in the last quarter. Finally, Cetera Advisor Networks LLC grew its holdings in Cheniere Energy by 7.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 3,627 shares of the energy company’s stock valued at $248,000 after buying an additional 248 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: “Short Interest in Cheniere Energy, Inc. (LNG) Grows By 2.7%” was posted by Markets Daily and is the property of of Markets Daily. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.themarketsdaily.com/2019/05/21/short-interest-in-cheniere-energy-inc-lng-grows-by-2-7.html.

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 owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

See Also: Why is the ex-dividend date different from the record date?

Receive News & Ratings for Cheniere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy and related companies with MarketBeat.com's FREE daily email newsletter.