Short Interest in Cheniere Energy Partners Decreases By 21.3% (CQP)
Shares of Cheniere Energy Partners (NYSE:CQP) were the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 779,332 shares, a decline of 21.3% from the April 30th total of 990,172 shares, Analyst RN reports. Approximately 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 186,157 shares, the short-interest ratio is presently 4.2 days.
In other Cheniere Energy Partners news, major shareholder Ong Tiong Sin unloaded 2,409,638 shares of the company’s stock on the open market in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $30.91, for a total value of $74,481,910.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
A number of research firms have recently commented on CQP. Analysts at Credit Suisse initiated coverage on shares of Cheniere Energy Partners in a research note on Wednesday, April 16th. They set a “hold” rating and a $36.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Cheniere Energy Partners from $33.00 to $36.00 in a research note on Monday, April 14th. They now have an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Cheniere Energy Partners presently has a consensus rating of “Hold” and a consensus target price of $34.67.
Shares of Cheniere Energy Partners (NYSE:CQP) opened at 32.86 on Thursday. Cheniere Energy Partners has a 1-year low of $24.35 and a 1-year high of $34.43. The stock has a 50-day moving average of $33.01 and a 200-day moving average of $29.97. The company’s market cap is $11.100 billion.
Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.42) by $0.36. The company had revenue of $66.40 million for the quarter, compared to the consensus estimate of $65.83 million. On average, analysts predict that Cheniere Energy Partners will post $-1.84 earnings per share for the current fiscal year.
Cheniere Energy Partners, L.P. (NYSE:CQP) is a United States-based company, which operates three, 100%-owned, onshore liquefied natural gas, or LNG, receiving terminals along the U.
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