Cheniere Energy Partners LP (CQP) Sees Significant Growth in Short Interest

Cheniere Energy Partners LP (NYSEAMERICAN:CQP) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 3,098,480 shares, a growth of 8.4% from the August 15th total of 2,858,098 shares. Based on an average trading volume of 357,310 shares, the days-to-cover ratio is currently 8.7 days. Currently, 7.3% of the shares of the stock are short sold.

Several equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Cheniere Energy Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 17th. Stifel Nicolaus raised their target price on shares of Cheniere Energy Partners from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, August 10th. Scotiabank set a $41.00 target price on shares of Cheniere Energy Partners and gave the company a “hold” rating in a report on Monday, August 20th. US Capital Advisors downgraded shares of Cheniere Energy Partners to a “hold” rating and raised their target price for the company from $35.00 to $40.00 in a report on Friday, August 24th. Finally, Barclays set a $38.00 target price on shares of Cheniere Energy Partners and gave the company a “hold” rating in a report on Thursday, July 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Cheniere Energy Partners presently has a consensus rating of “Hold” and a consensus target price of $38.00.

Several institutional investors have recently added to or reduced their stakes in CQP. Alps Advisors Inc. boosted its stake in shares of Cheniere Energy Partners by 20,887.1% during the 2nd quarter. Alps Advisors Inc. now owns 3,400,113 shares of the energy company’s stock worth $122,234,000 after purchasing an additional 3,383,912 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in shares of Cheniere Energy Partners by 52.4% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 2,428,991 shares of the energy company’s stock worth $87,310,000 after purchasing an additional 835,550 shares during the last quarter. UBS Group AG boosted its stake in shares of Cheniere Energy Partners by 202.2% during the 1st quarter. UBS Group AG now owns 773,161 shares of the energy company’s stock worth $22,499,000 after purchasing an additional 517,337 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Cheniere Energy Partners by 234.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 316,560 shares of the energy company’s stock worth $2,780,000 after purchasing an additional 222,042 shares during the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of Cheniere Energy Partners during the 1st quarter worth about $6,099,000.

NYSEAMERICAN:CQP traded down $0.42 during mid-day trading on Wednesday, hitting $38.08. 216,917 shares of the company’s stock traded hands, compared to its average volume of 291,096. Cheniere Energy Partners has a 1 year low of $26.68 and a 1 year high of $40.01.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its quarterly earnings results on Thursday, August 9th. The energy company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.02). Cheniere Energy Partners had a return on equity of 266.18% and a net margin of 24.64%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.44 billion.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 14th. Shareholders of record on Monday, August 6th were paid a dividend of $0.56 per share. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.43. This represents a $2.24 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend was Friday, August 3rd.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.

Further Reading: What is a Stop Order?

Receive News & Ratings for Cheniere Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply