Cheniere Energy Partners LP (CQP) Short Interest Down 19.2% in September
Cheniere Energy Partners LP (NYSE:CQP) saw a large decline in short interest in September. As of September 15th, there was short interest totalling 1,276,315 shares, a decline of 19.2% from the August 31st total of 1,578,947 shares. Based on an average daily trading volume, of 305,868 shares, the days-to-cover ratio is currently 4.2 days. Currently, 3.1% of the shares of the stock are short sold.
CQP has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Morgan Stanley lowered shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $33.00 price objective on the stock. in a research note on Tuesday, June 13th. Barclays PLC cut Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $34.00 target price on the stock. in a report on Tuesday, July 18th. Scotiabank set a $34.00 target price on Cheniere Energy Partners and gave the stock a “hold” rating in a report on Saturday, July 22nd. Finally, BMO Capital Markets assumed coverage on Cheniere Energy Partners in a report on Monday, September 25th. They set an “outperform” rating and a $32.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $34.50.
A number of large investors have recently made changes to their positions in CQP. Level Four Advisory Services LLC acquired a new position in Cheniere Energy Partners during the 1st quarter worth about $521,000. FMR LLC grew its position in shares of Cheniere Energy Partners by 31.0% in the 1st quarter. FMR LLC now owns 761,461 shares of the company’s stock valued at $24,603,000 after buying an additional 180,000 shares during the last quarter. Eagle Global Advisors LLC grew its position in shares of Cheniere Energy Partners by 4.8% in the 2nd quarter. Eagle Global Advisors LLC now owns 1,877,036 shares of the company’s stock valued at $60,816,000 after buying an additional 86,150 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Cheniere Energy Partners by 24.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 97,383 shares of the company’s stock valued at $3,155,000 after buying an additional 19,096 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in shares of Cheniere Energy Partners in the 1st quarter valued at about $5,329,000.
Cheniere Energy Partners (CQP) opened at 28.82 on Monday. The company’s 50-day moving average price is $27.99 and its 200-day moving average price is $30.73. The firm has a market capitalization of $13.95 billion and a price-to-earnings ratio of 101.12. Cheniere Energy Partners has a 12-month low of $25.97 and a 12-month high of $33.47.
Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($3.71) EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($4.19). Cheniere Energy Partners had a return on equity of 39.76% and a net margin of 4.64%. The business had revenue of $992.00 million for the quarter, compared to analyst estimates of $771.91 million. Equities analysts expect that Cheniere Energy Partners will post $1.03 EPS for the current fiscal year.
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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