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Shares of Cheniere Energy Partners (NYSE:CQP) saw a large decline in short interest during the month of June. As of June 13th, there was short interest totalling 652,038 shares, a decline of 70.7% from the May 30th total of 2,223,582 shares, Analyst Ratings.Net reports. Based on an average daily trading volume, of 892,043 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.6% of the shares of the stock are short sold.

A number of analysts have recently weighed in on CQP shares. Analysts at Raymond James initiated coverage on shares of Cheniere Energy Partners in a research note on Tuesday, June 10th. 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Cheniere Energy Partners presently has an average rating of “Buy” and a consensus target price of $36.33.

Cheniere Energy Partners (NYSE:CQP) opened at 32.01 on Wednesday. Cheniere Energy Partners has a 52-week low of $25.57 and a 52-week high of $34.60. The stock’s 50-day moving average is $32.64 and its 200-day moving average is $30.44. The company’s market cap is $10.813 billion.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data 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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