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

Cheniere Energy Partners LP (NYSEAMERICAN:CQP) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,334,796 shares, a drop of 1.7% from the January 15th total of 3,393,117 shares. Approximately 7.9% of the company’s shares are sold short. Based on an average trading volume of 213,210 shares, the days-to-cover ratio is currently 15.6 days.

Several equities research analysts have recently issued reports on CQP shares. UBS Group started coverage on shares of Cheniere Energy Partners in a report on Thursday, January 3rd. They issued a “neutral” rating and a $38.00 target price for the company. Zacks Investment Research upgraded shares of Cheniere Energy Partners from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Friday, November 2nd. Scotiabank started coverage on shares of Cheniere Energy Partners in a report on Friday. They issued a “sector perform” rating for the company. Finally, Citigroup set a $41.00 target price on shares of Cheniere Energy Partners and gave the stock a “buy” rating in a report on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.60.

A number of institutional investors and hedge funds have recently made changes to their positions in CQP. Renaissance Technologies LLC bought a new stake in Cheniere Energy Partners during the 2nd quarter valued at about $2,797,000. Northern Trust Corp lifted its holdings in Cheniere Energy Partners by 16.8% during the 2nd quarter. Northern Trust Corp now owns 195,620 shares of the energy company’s stock valued at $7,033,000 after buying an additional 28,132 shares in the last quarter. Winslow Evans & Crocker Inc. bought a new stake in Cheniere Energy Partners during the 3rd quarter valued at about $108,000. Duff & Phelps Investment Management Co. lifted its holdings in Cheniere Energy Partners by 185.0% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 969,015 shares of the energy company’s stock valued at $38,237,000 after buying an additional 629,015 shares in the last quarter. Finally, IFP Advisors Inc bought a new stake in Cheniere Energy Partners during the 3rd quarter valued at about $100,000.

Cheniere Energy Partners stock opened at $42.16 on Tuesday. Cheniere Energy Partners has a 12-month low of $27.79 and a 12-month high of $42.50.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Wednesday, February 6th will be issued a dividend of $0.59 per share. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.58. The ex-dividend date is Tuesday, February 5th. This represents a $2.36 dividend on an annualized basis and a yield of 5.60%.

ILLEGAL ACTIVITY NOTICE: “Cheniere Energy Partners LP (CQP) Sees Significant Drop in Short Interest” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2019/02/12/cheniere-energy-partners-lp-cqp-sees-significant-drop-in-short-interest.html.

About Cheniere Energy Partners

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.

Recommended Story: Trading signals using Bollinger bands

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