Cheniere Energy Partners LP (CQP) Sees Large Decline in Short Interest
Cheniere Energy Partners LP (NYSEAMERICAN:CQP) saw a significant decrease in short interest during the month of September. As of September 14th, there was short interest totalling 2,610,388 shares, a decrease of 15.8% from the August 31st total of 3,098,480 shares. Approximately 6.2% of the shares of the stock are sold short. Based on an average daily volume of 225,940 shares, the short-interest ratio is presently 11.6 days.
CQP has been the topic of several research reports. Wells Fargo & Co set a $45.00 target price on Cheniere Energy Partners and gave the company an “outperform” rating in a report on Monday, August 13th. They noted that the move was a valuation call. US Capital Advisors reissued an “overweight” rating on shares of Cheniere Energy Partners in a report on Tuesday, July 17th. Zacks Investment Research downgraded Cheniere Energy Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Barclays set a $38.00 price objective on Cheniere Energy Partners and gave the company a “hold” rating in a research report on Thursday, July 5th. Finally, Scotiabank set a $41.00 price objective on Cheniere Energy Partners and gave the company a “hold” rating in a research report on Monday, August 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Cheniere Energy Partners presently has a consensus rating of “Hold” and a consensus price target of $38.67.
Several large investors have recently modified their holdings of the company. Alps Advisors Inc. lifted its position in Cheniere Energy Partners by 20,887.1% during the second quarter. Alps Advisors Inc. now owns 3,400,113 shares of the energy company’s stock worth $122,234,000 after buying an additional 3,383,912 shares during the period. Kayne Anderson Capital Advisors LP lifted its position in Cheniere Energy Partners by 52.4% during the second quarter. Kayne Anderson Capital Advisors LP now owns 2,428,991 shares of the energy company’s stock worth $87,310,000 after buying an additional 835,550 shares during the period. Jennison Associates LLC lifted its position in Cheniere Energy Partners by 4.1% during the second quarter. Jennison Associates LLC now owns 1,262,694 shares of the energy company’s stock worth $45,394,000 after buying an additional 50,160 shares during the period. UBS Group AG lifted its position in Cheniere Energy Partners by 202.2% during the first quarter. UBS Group AG now owns 773,161 shares of the energy company’s stock worth $22,499,000 after buying an additional 517,337 shares during the period. Finally, Columbus Hill Capital Management L.P. lifted its position in Cheniere Energy Partners by 55.7% during the second quarter. Columbus Hill Capital Management L.P. now owns 386,492 shares of the energy company’s stock worth $13,894,000 after buying an additional 138,324 shares during the period.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its quarterly earnings data 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 net margin of 24.64% and a return on equity of 266.18%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.44 billion.
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.
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