Cheniere Energy, Inc. (NYSEAMERICAN:LNG) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 17,255,784 shares, a growth of 13.9% from the October 31st total of 15,145,923 shares. Currently, 7.4% of the company’s stock are sold short. Based on an average daily trading volume, of 2,403,040 shares, the days-to-cover ratio is presently 7.2 days.

In related news, insider Jack A. Fusco purchased 23,750 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were acquired at an average cost of $42.32 per share, for a total transaction of $1,005,100.00. Following the transaction, the insider now owns 399,985 shares of the company’s stock, valued at $16,927,365.20. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David B. Kilpatrick sold 20,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $49.15, for a total value of $983,000.00. Following the sale, the director now owns 2,464 shares in the company, valued at $121,105.60. The disclosure for this sale can be found here.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Cheniere Energy in the second quarter valued at $121,000. Van ECK Associates Corp lifted its holdings in shares of Cheniere Energy by 11.7% in the second quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock valued at $145,000 after purchasing an additional 312 shares in the last quarter. Atlantic Trust LLC purchased a new stake in shares of Cheniere Energy in the second quarter valued at $175,000. Fiduciary Trust Co. purchased a new stake in shares of Cheniere Energy in the second quarter valued at $188,000. Finally, Shamrock Asset Management LLC purchased a new stake in shares of Cheniere Energy in the third quarter valued at $196,000.

A number of brokerages recently issued reports on LNG. Cowen began coverage on Cheniere Energy in a report on Friday, November 17th. They issued a “market perform” rating and a $56.00 price objective for the company. Citigroup increased their price objective on Cheniere Energy from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. BidaskClub raised Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. J P Morgan Chase & Co decreased their price objective on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. Finally, Scotiabank reissued a “buy” rating and issued a $52.00 price objective on shares of Cheniere Energy in a report on Wednesday, October 25th. One investment 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 has an average rating of “Buy” and an average price target of $53.50.

Shares of Cheniere Energy (LNG) opened at $48.48 on Friday. Cheniere Energy has a 52-week low of $40.36 and a 52-week high of $51.51.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($1.08). The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned ($0.41) EPS. The business’s revenue was up 201.7% on a year-over-year basis.

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About Cheniere Energy

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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