Short Interest in Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP) Grows By 21.1%

Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 747,000 shares, a growth of 21.1% from the June 15th total of 616,900 shares. Based on an average daily trading volume, of 189,100 shares, the short-interest ratio is presently 4.0 days. Approximately 0.3% of the company’s shares are sold short.

A number of institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its holdings in Cheniere Energy Partners by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 12,035 shares of the energy company’s stock worth $500,000 after acquiring an additional 304 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Cheniere Energy Partners by 0.3% during the first quarter. Neuberger Berman Group LLC now owns 104,097 shares of the energy company’s stock valued at $4,325,000 after purchasing an additional 322 shares in the last quarter. Ameritas Investment Company LLC bought a new position in shares of Cheniere Energy Partners during the first quarter valued at $29,000. Commonwealth Equity Services LLC lifted its holdings in shares of Cheniere Energy Partners by 3.9% during the first quarter. Commonwealth Equity Services LLC now owns 25,467 shares of the energy company’s stock valued at $1,058,000 after purchasing an additional 960 shares in the last quarter. Finally, Wambolt & Associates LLC lifted its holdings in shares of Cheniere Energy Partners by 8.3% during the first quarter. Wambolt & Associates LLC now owns 14,578 shares of the energy company’s stock valued at $617,000 after purchasing an additional 1,118 shares in the last quarter. 46.57% of the stock is currently owned by institutional investors and hedge funds.

NYSEAMERICAN CQP opened at $42.07 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.22 and a debt-to-equity ratio of 31.27. Cheniere Energy Partners has a twelve month low of $31.51 and a twelve month high of $45.75. The company has a market capitalization of $20.36 billion, a price-to-earnings ratio of 19.44 and a beta of 1.07. The company’s 50 day moving average price is $35.75.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its earnings results on Tuesday, May 11th. The energy company reported $0.64 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. Cheniere Energy Partners had a return on equity of 186.39% and a net margin of 17.08%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, research analysts predict that Cheniere Energy Partners will post 2.41 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 14th. Shareholders of record on Thursday, May 6th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 6.28%. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Wednesday, May 5th. Cheniere Energy Partners’s payout ratio is 108.64%.

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group raised Cheniere Energy Partners from a “neutral” rating to a “buy” rating and boosted their target price for the company from $43.00 to $56.00 in a research note on Sunday, June 13th. Barclays cut Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $43.71 to $45.00 in a research note on Tuesday. Wells Fargo & Company boosted their target price on Cheniere Energy Partners from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, May 13th. Zacks Investment Research upgraded Cheniere Energy Partners from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, July 7th. Finally, Citigroup lifted their price target on Cheniere Energy Partners from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, June 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $46.00.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with an aggregate capacity of approximately 17 billion cubic feet equivalent; two marine berths that accommodate vessels with capacity of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4 billion cubic feet per day.

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