Brokerages expect Cheniere Energy Partners LP (NYSE:CQP) to post $947.83 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Cheniere Energy Partners’ earnings, with estimates ranging from $572.31 million to $1.17 billion. Cheniere Energy Partners reported sales of $331.41 million in the same quarter last year, which indicates a positive year over year growth rate of 186%. The business is expected to announce its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Cheniere Energy Partners will report full year sales of $947.83 million for the current financial year, with estimates ranging from $2.48 billion to $4.46 billion. For the next financial year, analysts anticipate that the business will report sales of $5.00 billion per share, with estimates ranging from $2.69 billion to $6.21 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Cheniere Energy Partners.
Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Tuesday, August 8th. The company reported ($3.71) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $4.19. The business had revenue of $992 million during the quarter, compared to the consensus estimate of $771.91 million. Cheniere Energy Partners had a net margin of 4.64% and a return on equity of 39.76%.
Several analysts have recently weighed in on CQP shares. TheStreet cut Cheniere Energy Partners from a “b-” rating to a “c+” rating in a report on Friday, May 5th. Morgan Stanley cut Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $33.00 price target on the stock. in a report on Tuesday, June 13th. Barclays PLC cut Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $34.00 price target on the stock. in a report on Tuesday, July 18th. Zacks Investment Research upgraded Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Scotiabank set a $34.00 price target on Cheniere Energy Partners and gave the stock a “hold” rating in a report on Saturday, July 22nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.
Cheniere Energy Partners (CQP) opened at 27.91 on Friday. The stock has a 50 day moving average of $28.97 and a 200 day moving average of $31.15. Cheniere Energy Partners has a 52 week low of $25.97 and a 52 week high of $33.47. The company has a market cap of $13.51 billion and a price-to-earnings ratio of 97.93.
The business also recently announced a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Tuesday, August 1st were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend was Friday, July 28th.
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A number of hedge funds have recently made changes to their positions in CQP. Fifth Third Bancorp bought a new stake in shares of Cheniere Energy Partners during the first quarter valued at approximately $185,000. Investment House LLC bought a new stake in shares of Cheniere Energy Partners during the first quarter valued at approximately $217,000. Virtu KCG Holdings LLC bought a new stake in shares of Cheniere Energy Partners during the second quarter valued at approximately $225,000. Advisor Group Inc. boosted its stake in shares of Cheniere Energy Partners by 1.6% in the second quarter. Advisor Group Inc. now owns 9,228 shares of the company’s stock valued at $299,000 after buying an additional 149 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Cheniere Energy Partners by 0.7% in the second quarter. Janney Montgomery Scott LLC now owns 9,256 shares of the company’s stock valued at $300,000 after buying an additional 63 shares during the last quarter.
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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