Short Interest in Cheniere Energy Partners LP (CQP) Expands By 45.5%
Cheniere Energy Partners LP (NYSE:CQP) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 3,354,405 shares, an increase of 45.5% from the August 31st total of 2,305,535 shares. Based on an average trading volume of 474,680 shares, the short-interest ratio is presently 7.1 days. Approximately 8.4% of the shares of the stock are short sold.
Cheniere Energy Partners (NYSE:CQP) opened at 28.76 on Thursday. The stock’s market capitalization is $9.72 billion. The company’s 50 day moving average price is $27.53 and its 200-day moving average price is $28.50. Cheniere Energy Partners has a one year low of $19.22 and a one year high of $31.49.
Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Tuesday, August 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.17. The firm earned $176.03 million during the quarter, compared to analysts’ expectations of $145.50 million. During the same quarter last year, the business earned ($0.01) EPS. Analysts expect that Cheniere Energy Partners will post $0.08 earnings per share for the current year.
CQP has been the topic of a number of research reports. Wolfe Research initiated coverage on Cheniere Energy Partners in a report on Wednesday, June 22nd. They set an “outperform” rating on the stock. Barclays PLC reissued an “overweight” rating and set a $32.00 price objective (down from $36.00) on shares of Cheniere Energy Partners in a report on Tuesday, September 6th. Finally, US Capital Advisors raised Cheniere Energy Partners to a “buy” rating in a report on Thursday, September 8th.
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