Cheniere Energy Partners Given Consensus Recommendation of “Hold” by Brokerages (NYSE:CQP)
Shares of Cheniere Energy Partners (NYSE:CQP) have been given an average recommendation of “Hold” by the eleven analysts that are presently covering the stock, AnalystRatings.Net reports. Six equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $37.00.
Shares of Cheniere Energy Partners (NYSE:CQP) traded up 0.92% on Thursday, hitting $32.95. 54,819 shares of the company’s stock traded hands. Cheniere Energy Partners has a one year low of $25.57 and a one year high of $34.60. The stock has a 50-day moving average of $32.56 and a 200-day moving average of $31.4. The company’s market cap is $11.130 billion. Cheniere Energy Partners also saw a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 535,171 shares, a drop of 2.7% from the July 15th total of 550,303 shares. Based on an average daily trading volume, of 264,356 shares, the short-interest ratio is currently 2.0 days. Approximately 1.3% of the company’s stock are short sold.
Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Monday, August 4th. The company reported ($0.85) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.52) by $0.33. On average, analysts predict that Cheniere Energy Partners will post $-1.90 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 5.21%. The ex-dividend date is Wednesday, July 30th.
A number of analysts have recently weighed in on CQP shares. Analysts at Howard Weil initiated coverage on shares of Cheniere Energy Partners in a research note on Thursday. They set a “sector perform” rating and a $39.00 price target on the stock. Separately, 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. Finally, 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.
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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