Cheniere Energy Partners (NYSE:CQP) Shares Gap Down – What’s Next?

Cheniere Energy Partners, L.P. (NYSE:CQP) shares gapped down prior to trading on Thursday . The stock had previously closed at $61.02, but opened at $57.44. Cheniere Energy Partners shares last traded at $57.8750, with a volume of 4,537 shares traded.

Analysts Set New Price Targets

A number of analysts have recently commented on CQP shares. Citigroup lifted their price target on Cheniere Energy Partners from $49.00 to $55.00 and gave the company a “sell” rating in a research note on Thursday, April 2nd. Wells Fargo & Company cut their target price on shares of Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating on the stock in a research report on Friday, March 13th. Barclays boosted their target price on shares of Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a report on Friday, February 27th. JPMorgan Chase & Co. upped their price target on shares of Cheniere Energy Partners from $57.00 to $63.00 and gave the company an “underweight” rating in a research report on Friday, March 27th. Finally, Zacks Research raised shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Four equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Strong Sell” and an average target price of $60.43.

Cheniere Energy Partners Stock Up 5.5%

The company has a quick ratio of 0.37, a current ratio of 0.42 and a debt-to-equity ratio of 161.69. The stock’s 50-day simple moving average is $62.58 and its 200 day simple moving average is $60.19. The firm has a market cap of $29.13 billion, a P/E ratio of 14.06 and a beta of 0.32.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($1.03). Cheniere Energy Partners had a negative return on equity of 4,929.80% and a net margin of 22.27%.The business had revenue of $3.60 billion during the quarter. During the same period in the previous year, the business posted $1.08 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, research analysts forecast that Cheniere Energy Partners, L.P. will post 4.19 EPS for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a $0.775 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.10 annualized dividend and a yield of 5.2%. Cheniere Energy Partners’s payout ratio is 72.43%.

Institutional Trading of Cheniere Energy Partners

Several large investors have recently modified their holdings of CQP. Larson Financial Group LLC lifted its position in shares of Cheniere Energy Partners by 68.3% during the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after acquiring an additional 205 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Cheniere Energy Partners by 180.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock valued at $27,000 after purchasing an additional 306 shares in the last quarter. Caldwell Trust Co acquired a new position in shares of Cheniere Energy Partners during the fourth quarter valued at about $29,000. First Pacific Financial acquired a new position in shares of Cheniere Energy Partners during the first quarter valued at about $32,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Cheniere Energy Partners during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.