Cheniere Energy Partners LP (CQP) Scheduled to Post Quarterly Earnings on Wednesday
Cheniere Energy Partners LP (NYSE:CQP) is set to announce its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.96 per share for the quarter.
Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Tuesday, August 8th. The company reported ($3.71) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($4.19). The company had revenue of $992.00 million for the quarter, compared to the consensus estimate of $771.91 million. Cheniere Energy Partners had a net margin of 4.64% and a return on equity of 39.76%. On average, analysts expect Cheniere Energy Partners to post $0.33 EPS for the current fiscal year and $2.44 EPS for the next fiscal year.
Cheniere Energy Partners LP (NYSE CQP) opened at 27.72 on Wednesday. The stock’s 50 day moving average price is $27.99 and its 200 day moving average price is $30.10. The company has a market capitalization of $13.42 billion and a price-to-earnings ratio of 97.26. Cheniere Energy Partners LP has a 12-month low of $25.97 and a 12-month high of $33.47.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd will be paid a dividend of $0.44 per share. This is a boost 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%.
CQP has been the subject of a number of research analyst reports. Royal Bank Of Canada cut their target price on shares of Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating for the company in a research note on Monday, October 16th. BMO Capital Markets initiated coverage on shares of Cheniere Energy Partners in a research note on Monday, September 25th. They issued an “outperform” rating and a $32.00 target price for the company. Zacks Investment Research cut shares of Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, September 18th. Barclays PLC cut shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $34.00 target price for the company. in a research note on Tuesday, July 18th. Finally, Scotiabank set a $34.00 target price on shares of Cheniere Energy Partners and gave the company a “hold” rating in a research note on Saturday, July 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $34.14.
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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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