Cheniere Energy Partners LP (CQP) Sees Large Decline in Short Interest
Cheniere Energy Partners LP (NYSE:CQP) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 2,303,084 shares, a decrease of 31.3% from the September 15th total of 3,354,405 shares. Based on an average daily trading volume, of 661,969 shares, the short-interest ratio is currently 3.5 days. Approximately 5.7% of the shares of the stock are short sold.
Several research firms recently weighed in on CQP. Barclays PLC restated an “overweight” rating and issued a $32.00 price objective (down from $36.00) on shares of Cheniere Energy Partners in a research report on Tuesday, September 6th. Wolfe Research began coverage on shares of Cheniere Energy Partners in a research report on Wednesday, June 22nd. They issued an “outperform” rating on the stock. Credit Suisse Group AG began coverage on shares of Cheniere Energy Partners in a research report on Wednesday. They issued an “outperform” rating and a $35.00 price objective on the stock. Finally, US Capital Advisors upgraded shares of Cheniere Energy Partners to a “buy” rating in a research report on Thursday, September 8th.
Cheniere Energy Partners (NYSE:CQP) opened at 28.46 on Friday. The firm’s 50-day moving average is $27.97 and its 200-day moving average is $28.49. The company’s market capitalization is $9.61 billion. Cheniere Energy Partners has a 12 month low of $19.22 and a 12 month high of $31.49.
Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Tuesday, August 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the 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 period in the previous year, the business posted ($0.01) earnings per share. Equities analysts anticipate that Cheniere Energy Partners will post $0.08 EPS for the current fiscal year.
A hedge fund recently raised its stake in Cheniere Energy Partners stock. BNP Paribas Arbitrage SA increased its position in shares of Cheniere Energy Partners LP (NYSE:CQP) by 3.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 164,682 shares of the company’s stock after buying an additional 5,336 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cheniere Energy Partners were worth $4,819,000 as of its most recent filing with the SEC.
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