Cheniere Energy Partners (CQP) Earns Coverage Optimism Score of 0.20
News coverage about Cheniere Energy Partners (NYSE:CQP) has been trending somewhat positive this week, AlphaOne Sentiment Analysis reports. AlphaOne, a service of Accern, ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cheniere Energy Partners earned a news impact score of 0.20 on AlphaOne’s scale. AlphaOne also assigned news articles about the company an impact score of 72 out of 100, indicating that recent press coverage is likely to have an effect on the company’s share price in the next few days.
Cheniere Energy Partners (NYSE CQP) traded up 1.45% during midday trading on Friday, hitting $31.55. 511,195 shares of the stock traded hands. Cheniere Energy Partners has a 52 week low of $25.87 and a 52 week high of $33.47. The stock’s 50-day moving average price is $31.90 and its 200 day moving average price is $30.93. The company’s market capitalization is $10.66 billion.
Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, May 4th. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.91 by $0.11. Cheniere Energy Partners had a return on equity of 42.56% and a net margin of 5.27%. The business had revenue of $891 million for the quarter, compared to the consensus estimate of $425.16 million. On average, equities research analysts predict that Cheniere Energy Partners will post $2.37 EPS for the current year.
CQP has been the topic of a number of analyst reports. TheStreet upgraded shares of Cheniere Energy Partners from a “c” rating to a “b-” rating in a research report on Monday, March 20th. Morgan Stanley lowered shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $33.00 price target on the stock. in a research report on Tuesday. Zacks Investment Research raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. Scotiabank set a $34.00 price objective on shares of Cheniere Energy Partners and gave the company a “hold” rating in a research note on Saturday, April 22nd. Finally, Guggenheim began coverage on shares of Cheniere Energy Partners in a research note on Monday, April 17th. They issued a “neutral” rating and a $36.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Cheniere Energy Partners presently has a consensus rating of “Hold” and an average price target of $35.00.
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In other news, CFO Michael J. Wortley sold 5,000 shares of Cheniere Energy Partners stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $32.11, for a total transaction of $160,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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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