Cheniere Energy Partners, L.P. (NYSE:CQP – Get Free Report) declared a quarterly dividend on Friday, October 23rd. Stockholders of record on Tuesday, November 3rd will be given a dividend of $0.1150 per share on Friday, November 13th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, November 3rd. This is a 85.2% decrease from Cheniere Energy Partners’s previous quarterly dividend of $0.7750.
Cheniere Energy Partners has raised its dividend payment by an average of 0.1% annually over the last three years.
Cheniere Energy Partners Price Performance
CQP opened at $66.44 on Friday. The company’s 50 day simple moving average is $65.60 and its 200 day simple moving average is $63.30. The company has a debt-to-equity ratio of 19.01, a quick ratio of 1.09 and a current ratio of 1.22. Cheniere Energy Partners has a 1 year low of $49.76 and a 1 year high of $71.25. The stock has a market capitalization of $32.16 billion, a PE ratio of 11.61 and a beta of 0.34.
Cheniere Energy Partners (NYSE:CQP – Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.03. Cheniere Energy Partners had a net margin of 28.05% and a return on equity of 636.60%. The firm had revenue of $2.57 billion during the quarter. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Cheniere Energy Partners’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts expect that Cheniere Energy Partners will post 4.77 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on CQP shares. JPMorgan Chase & Co. lifted their price target on shares of Cheniere Energy Partners from $64.00 to $65.00 and gave the company an “underweight” rating in a report on Friday, September 4th. Barclays upped their price objective on Cheniere Energy Partners from $63.00 to $66.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. Weiss Ratings raised Cheniere Energy Partners from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company cut their target price on Cheniere Energy Partners from $62.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday. Finally, Royal Bank Of Canada lifted their target price on Cheniere Energy Partners from $62.00 to $65.00 and gave the company a “sector perform” rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $62.25.
Read Our Latest Stock Report on CQP
About Cheniere Energy Partners
Cheniere Energy Partners, L.P. (NYSE:CQP) is a publicly traded master limited partnership focused on the development, ownership and operation of liquefied natural gas (LNG) infrastructure. The partnership is sponsored by Cheniere Energy, Inc, a leading U.S. LNG company, through its ownership of Cheniere Energy Partners GP, LLC.
CQP’s principal assets include the Sabine Pass LNG facility in Cameron Parish, Louisiana, and interests associated with the Corpus Christi LNG facility in Texas.
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