Cheniere Energy Partners Sees Significant Decrease
Post# of 11
Posted by Max Byerly on Jul 14th, 2014
Shares of Cheniere Energy Partners (NYSE:CQP) were the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 555,393 shares, a decrease of 14.8% from the June 13th total of 652,038 shares, American Banking and Market News reports. Based on an average daily volume of 240,918 shares, the short-interest ratio is currently 2.3 days. Currently, 1.3% of the company’s shares are sold short.
A number of analysts have recently weighed in on CQP shares. Analysts at Raymond James initiated coverage on shares of Cheniere Energy Partners in a research note on Tuesday, June 10th. They set a “market perform” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Cheniere Energy Partners in a research note on Monday, June 2nd. They now have a $38.00 price target on the stock, up previously from $37.00. Finally, analysts at RBC Capital raised their price target on shares of Cheniere Energy Partners from $36.00 to $39.00 in a research note on Monday, June 2nd. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Cheniere Energy Partners presently has an average rating of “Buy” and a consensus target price of $36.33.
Cheniere Energy Partners (NYSE:CQP) opened at 33.19 on Monday. Cheniere Energy Partners has a 1-year low of $25.57 and a 1-year high of $34.60. The stock has a 50-day moving average of $32.65 and a 200-day moving average of $30.80. The company’s market cap is $11.211 billion.
Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.42) by $0.36. The company had revenue of $66.40 million for the quarter, compared to the consensus estimate of $65.83 million. On average, analysts predict that Cheniere Energy Partners will post $-2.27 earnings per share for the current fiscal year.
Cheniere Energy Partners, L.P. (NYSE:CQP) is a United States-based company, which operates three, 100%-owned, onshore liquefied natural gas, or LNG, receiving terminals along the U.
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