Cheniere Energy, Inc. (NYSEAMERICAN:LNG) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 15,059,178 shares, a decline of 6.4% from the January 12th total of 16,096,651 shares. Based on an average trading volume of 2,070,734 shares, the days-to-cover ratio is currently 7.3 days. Currently, 6.4% of the shares of the stock are sold short.

Shares of Cheniere Energy (NYSEAMERICAN:LNG) traded up $2.42 during mid-day trading on Friday, hitting $55.57. 3,907,108 shares of the stock were exchanged, compared to its average volume of 2,204,950. Cheniere Energy has a 12 month low of $40.36 and a 12 month high of $60.22. The firm has a market capitalization of $12,630.00, a price-to-earnings ratio of -30.20 and a beta of 1.72.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($1.08). The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm earned ($0.41) EPS. The company’s quarterly revenue was up 201.7% compared to the same quarter last year.

In other Cheniere Energy news, Director Nuno Brandolini sold 20,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $50.02, for a total value of $1,000,400.00. Following the transaction, the director now directly owns 232,271 shares in the company, valued at $11,618,195.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Vicky A. Bailey sold 5,800 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total transaction of $315,752.00. Following the completion of the transaction, the director now owns 35,765 shares in the company, valued at $1,947,046.60. The disclosure for this sale can be found here. In the last three months, insiders sold 45,800 shares of company stock worth $2,299,152.

Several hedge funds have recently made changes to their positions in LNG. CI Investments Inc. bought a new stake in shares of Cheniere Energy during the third quarter worth approximately $120,279,000. The Manufacturers Life Insurance Company raised its stake in shares of Cheniere Energy by 188.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,451,732 shares of the energy company’s stock worth $185,841,000 after buying an additional 2,255,582 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Cheniere Energy by 92.1% during the third quarter. Cohen & Steers Inc. now owns 2,655,409 shares of the energy company’s stock worth $119,600,000 after buying an additional 1,273,441 shares during the last quarter. Kensico Capital Management Corp raised its stake in shares of Cheniere Energy by 8.7% during the third quarter. Kensico Capital Management Corp now owns 12,185,000 shares of the energy company’s stock worth $548,812,000 after buying an additional 973,400 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Cheniere Energy by 899.3% during the third quarter. Point72 Asset Management L.P. now owns 1,050,944 shares of the energy company’s stock worth $47,335,000 after buying an additional 945,777 shares during the last quarter.

A number of research firms have commented on LNG. Zacks Investment Research upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Scotiabank restated a “buy” rating and issued a $65.00 price target on shares of Cheniere Energy in a research report on Monday, January 29th. Barclays restated a “buy” rating and issued a $62.00 price target on shares of Cheniere Energy in a research report on Friday, January 19th. Stifel Nicolaus began coverage on shares of Cheniere Energy in a research report on Thursday, January 4th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Cowen began coverage on shares of Cheniere Energy in a research report on Friday, November 17th. They issued a “market perform” rating and a $56.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. Cheniere Energy currently has an average rating of “Buy” and an average price target of $56.36.

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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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