Cheniere Energy Partners LP (CQP) Short Interest Update
Cheniere Energy Partners LP (NYSEAMERICAN:CQP) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,731,396 shares, an increase of 10.5% from the January 12th total of 1,567,048 shares. Based on an average daily volume of 259,918 shares, the days-to-cover ratio is presently 6.7 days. Currently, 4.1% of the shares of the company are short sold.
Shares of Cheniere Energy Partners (CQP) opened at $30.27 on Wednesday. The company has a market cap of $14,650.00, a PE ratio of 52.19 and a beta of 0.90. Cheniere Energy Partners has a 12-month low of $26.41 and a 12-month high of $33.47.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last announced its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($1.56). The firm had revenue of $903.00 million during the quarter, compared to analyst estimates of $1.14 billion. Cheniere Energy Partners had a net margin of 2.55% and a return on equity of 19.48%.
In other Cheniere Energy Partners news, major shareholder Cqp Common Holdco L. Blackstone bought 25,466 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was acquired at an average price of $28.61 per share, for a total transaction of $728,582.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jamie Welch bought 8,654 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were acquired at an average price of $27.50 per share, with a total value of $237,985.00. Following the purchase, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $237,985. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 838,701 shares of company stock worth $24,581,185.
Large investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in Cheniere Energy Partners in the fourth quarter valued at about $224,000. Koch Industries Inc. acquired a new stake in Cheniere Energy Partners in the fourth quarter valued at about $227,000. Allianz Asset Management GmbH acquired a new stake in Cheniere Energy Partners in the third quarter valued at about $331,000. Alps Advisors Inc. lifted its position in Cheniere Energy Partners by 13.0% in the fourth quarter. Alps Advisors Inc. now owns 18,596 shares of the energy company’s stock valued at $551,000 after purchasing an additional 2,141 shares during the period. Finally, First Allied Advisory Services Inc. lifted its position in Cheniere Energy Partners by 45.0% in the third quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock valued at $759,000 after purchasing an additional 8,160 shares during the period.
Several brokerages have recently weighed in on CQP. Morgan Stanley increased their target price on shares of Cheniere Energy Partners from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday. Zacks Investment Research downgraded shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Barclays set a $35.00 target price on shares of Cheniere Energy Partners and gave the stock a “hold” rating in a research note on Monday. Stifel Nicolaus began coverage on shares of Cheniere Energy Partners in a research note on Thursday, January 4th. They set a “hold” rating and a $30.00 target price for the company. Finally, BidaskClub upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Cheniere Energy Partners has an average rating of “Hold” and a consensus price target of $34.00.
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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