Cheniere Energy, Inc. (LNG) Short Interest Up 2.7% in March

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 15,256,539 shares, an increase of 2.7% from the February 28th total of 14,852,173 shares. Currently, 6.6% of the company’s shares are short sold. Based on an average daily volume of 2,321,057 shares, the days-to-cover ratio is currently 6.6 days.

Cheniere Energy (NYSEAMERICAN:LNG) traded down $0.01 during trading on Monday, hitting $52.01. 1,428,139 shares of the company were exchanged, compared to its average volume of 2,159,239. Cheniere Energy has a 52 week low of $40.36 and a 52 week high of $60.22. The firm has a market cap of $12,860.00, a P/E ratio of 2,600.50 and a beta of 1.73.

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Cheniere Energy (NYSEAMERICAN:LNG) last released its earnings results on Wednesday, February 21st. The energy company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.19. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the firm earned $0.25 EPS. The firm’s revenue was up 205.2% on a year-over-year basis.

A number of equities research analysts have recently commented on LNG shares. Stifel Nicolaus started coverage on shares of Cheniere Energy in a research note on Thursday, January 4th. They issued a “buy” rating and a $65.00 price objective on the stock. Scotiabank reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Cheniere Energy in a research note on Monday, January 29th. Barclays reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Cheniere Energy in a research note on Friday, January 19th. Guggenheim reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Friday, February 16th. Finally, Alembic Global Advisors reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $58.25.

In other news, Director Vicky A. Bailey sold 5,800 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total value of $315,752.00. Following the sale, the director now directly owns 35,765 shares of the company’s stock, valued at approximately $1,947,046.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Several institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings in Cheniere Energy by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,492 shares of the energy company’s stock worth $462,000 after buying an additional 733 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Cheniere Energy during the third quarter worth $253,000. Principal Financial Group Inc. raised its holdings in Cheniere Energy by 89.1% during the third quarter. Principal Financial Group Inc. now owns 27,074 shares of the energy company’s stock worth $1,219,000 after buying an additional 12,760 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Cheniere Energy by 0.5% during the third quarter. New York State Common Retirement Fund now owns 585,383 shares of the energy company’s stock worth $26,366,000 after buying an additional 3,000 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Cheniere Energy by 45.9% during the third quarter. Ameriprise Financial Inc. now owns 56,936 shares of the energy company’s stock worth $2,564,000 after buying an additional 17,901 shares during the last quarter.

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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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