Short Interest in Cheniere Energy Partners Decreases By 10.7% (CQP)
Cheniere Energy Partners (NYSE:CQP) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 478,111 shares, a drop of 10.7% from the July 31st total of 535,171 shares, Analyst RN reports. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 180,556 shares, the short-interest ratio is currently 2.6 days.
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, August 14th. 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. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $37.00.
Cheniere Energy Partners (NYSE:CQP) opened at 32.81 on Thursday. 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 $32.55 and a 200-day moving average of $31.74. The company’s market cap is $11.083 billion.
Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Monday, August 4th. The company reported ($0.85) EPS for the quarter, missing the Thomson Reuters 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.
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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