Short Interest in Cheniere Energy Partners Increases By 185.3% (CQP)
Shares of Cheniere Energy Partners (NYSE:CQP) were the target of a large increase in short interest during the month of May. As of May 30th, there was short interest totalling 2,223,582 shares, an increase of 185.3% from the May 15th total of 779,332 shares, AmericanBankingNews.com reports. Approximately 5.3% of the shares of the company are sold short. Based on an average daily trading volume, of 153,365 shares, the short-interest ratio is presently 14.5 days.
In other Cheniere Energy Partners news, major shareholder Ong Tiong Sin sold 9,000,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $32.47, for a total value of $292,230,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Several analysts have recently commented on the stock. Analysts at Raymond James initiated coverage on shares of Cheniere Energy Partners in a research note on Tuesday. They set a “market perform” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Cheniere Energy Partners in a research note on Monday, June 2nd. They now have a $38.00 price target on the stock, up previously from $37.00. Finally, analysts at RBC Capital raised their price target on shares of Cheniere Energy Partners from $36.00 to $39.00 in a research note on Monday, June 2nd. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Cheniere Energy Partners currently has an average rating of “Buy” and a consensus price target of $36.33.
Cheniere Energy Partners (NYSE:CQP) traded down 2.07% on Tuesday, hitting $32.11. The stock had a trading volume of 886,375 shares. Cheniere Energy Partners has a 52 week low of $24.35 and a 52 week high of $34.60. The stock has a 50-day moving average of $33.06 and a 200-day moving average of $30.23. The company’s market cap is $10.847 billion.
Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Cheniere Energy Partners will post $-2.27 EPS 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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