Cheniere Energy Partners LP (NYSE:CQP) saw a large drop in short interest in the month of September. As of September 29th, there was short interest totalling 1,052,534 shares, a drop of 17.5% from the September 15th total of 1,276,315 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily trading volume, of 244,119 shares, the short-interest ratio is presently 4.3 days.

Several institutional investors and hedge funds have recently modified their holdings of CQP. Fifth Third Bancorp acquired a new stake in shares of Cheniere Energy Partners during the first quarter worth about $185,000. Virtu KCG Holdings LLC acquired a new stake in shares of Cheniere Energy Partners during the second quarter worth about $225,000. Advisor Group Inc. lifted its position in shares of Cheniere Energy Partners by 1.6% during the second quarter. Advisor Group Inc. now owns 9,228 shares of the company’s stock worth $299,000 after purchasing an additional 149 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Cheniere Energy Partners by 0.7% during the second quarter. Janney Montgomery Scott LLC now owns 9,256 shares of the company’s stock worth $300,000 after purchasing an additional 63 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Cheniere Energy Partners by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,240 shares of the company’s stock worth $332,000 after purchasing an additional 701 shares in the last quarter.

Several research analysts recently commented on CQP shares. Morgan Stanley downgraded shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $33.00 price target on the stock. in a research note on Tuesday, June 13th. Zacks Investment Research raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Barclays PLC downgraded shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $34.00 price target on the stock. in a research note on Tuesday, July 18th. Scotiabank set a $34.00 price target on shares of Cheniere Energy Partners and gave the stock a “hold” rating in a research note on Saturday, July 22nd. Finally, BMO Capital Markets started coverage on shares of Cheniere Energy Partners in a research note on Monday, September 25th. They issued an “outperform” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Cheniere Energy Partners has an average rating of “Hold” and an average target price of $34.50.

Cheniere Energy Partners (NYSE CQP) opened at 28.47 on Wednesday. The stock has a market cap of $13.78 billion and a P/E ratio of 99.89. Cheniere Energy Partners has a 52-week low of $25.97 and a 52-week high of $33.47. The firm’s 50-day moving average is $27.78 and its 200-day moving average is $30.36.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($3.71) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($4.19). The business had revenue of $992.00 million for the quarter, compared to analyst estimates of $771.91 million. Cheniere Energy Partners had a return on equity of 39.76% and a net margin of 4.64%. Equities research analysts predict that Cheniere Energy Partners will post $1.03 earnings per share for the current year.

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About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.

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