Short Interest in Cheniere Energy Partners LP (CQP) Expands By 3.9%
Cheniere Energy Partners LP (NYSE:CQP) was the target of a large growth in short interest during the month of October. As of October 13th, there was short interest totalling 1,093,954 shares, a growth of 3.9% from the September 29th total of 1,052,534 shares. Currently, 2.7% of the shares of the stock are short sold. Based on an average daily volume of 182,253 shares, the short-interest ratio is currently 6.0 days.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new position in Cheniere Energy Partners during the first quarter worth about $185,000. Virtu KCG Holdings LLC acquired a new position in Cheniere Energy Partners during the second quarter worth about $225,000. Advisor Group Inc. boosted its position in 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 acquiring an additional 149 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in 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 acquiring an additional 63 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in 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 acquiring an additional 701 shares during the last quarter.
CQP has been the subject of several research reports. Scotiabank set a $34.00 price objective on shares of Cheniere Energy Partners and gave the company a “hold” rating in a report on Saturday, July 22nd. Zacks Investment Research raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report 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 objective for the company. in a report on Tuesday, July 18th. BMO Capital Markets initiated coverage on shares of Cheniere Energy Partners in a report on Monday, September 25th. They set an “outperform” rating and a $32.00 price objective for the company. Finally, Royal Bank Of Canada dropped their price objective on shares of Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Cheniere Energy Partners has an average rating of “Hold” and a consensus price target of $34.14.
Shares of Cheniere Energy Partners (NYSE CQP) traded down 0.93% on Tuesday, hitting $27.72. 211,846 shares of the company were exchanged. The firm’s 50-day moving average is $28.00 and its 200-day moving average is $30.13. The stock has a market capitalization of $13.42 billion and a PE ratio of 97.26. Cheniere Energy Partners has a 52-week low of $25.97 and a 52-week high of $33.47.
Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results on Tuesday, August 8th. The company reported ($3.71) earnings per share for the quarter, missing analysts’ consensus estimates 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 $0.33 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Friday, November 3rd will be given a dividend of $0.44 per share. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 6.34%.
Cheniere Energy Partners Company Profile
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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