Cheniere Energy Partners, L.P. (NYSE:CQP – Get Free Report) has received a consensus rating of “Reduce” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $61.8571.
A number of brokerages recently weighed in on CQP. JPMorgan Chase & Co. increased their price target on shares of Cheniere Energy Partners from $63.00 to $64.00 and gave the stock an “underweight” rating in a research note on Friday, July 24th. Weiss Ratings upgraded shares of Cheniere Energy Partners from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Barclays upped their target price on shares of Cheniere Energy Partners from $63.00 to $66.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada increased their target price on shares of Cheniere Energy Partners from $62.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Monday, August 24th.
Check Out Our Latest Stock Report on Cheniere Energy Partners
Institutional Inflows and Outflows
Cheniere Energy Partners Price Performance
CQP stock opened at $68.59 on Monday. The company has a market capitalization of $33.20 billion, a P/E ratio of 12.45 and a beta of 0.31. Cheniere Energy Partners has a twelve month low of $49.53 and a twelve month high of $70.64. The business has a 50 day simple moving average of $64.72 and a 200-day simple moving average of $63.54. The company has a current ratio of 1.22, a quick ratio of 1.09 and a debt-to-equity ratio of 19.01.
Cheniere Energy Partners (NYSE:CQP – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $1.13. Cheniere Energy Partners had a net margin of 27.31% and a return on equity of 1,121.60%. The business had revenue of $2.58 billion for the quarter. During the same period in the previous year, the firm earned $0.91 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Cheniere Energy Partners will post 4.41 EPS for the current year.
Cheniere Energy Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were paid a dividend of $0.775 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $3.10 annualized dividend and a yield of 4.5%. Cheniere Energy Partners’s dividend payout ratio is currently 56.26%.
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.
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