Cheniere Energy Partners LP (NYSEAMERICAN:CQP) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 2,295,479 shares, a growth of 32.1% from the February 15th total of 1,737,726 shares. Approximately 6.4% of the shares of the company are short sold. Based on an average daily trading volume, of 188,535 shares, the days-to-cover ratio is currently 12.2 days.
Several equities research analysts have issued reports on CQP shares. TheStreet raised shares of Cheniere Energy Partners from a “c” rating to a “b” rating in a report on Monday, March 19th. Citigroup upped their price target on shares of Cheniere Energy Partners from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, March 27th. Morgan Stanley upped their price target on shares of Cheniere Energy Partners from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, February 12th. Barclays set a $35.00 target price on shares of Cheniere Energy Partners and gave the company a “hold” rating in a research report on Monday, February 12th. Finally, Zacks Investment Research raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.56.
Cheniere Energy Partners stock traded up $0.59 during mid-day trading on Monday, hitting $29.10. 350,800 shares of the company’s stock traded hands, compared to its average volume of 234,393. Cheniere Energy Partners has a fifty-two week low of $26.41 and a fifty-two week high of $33.47.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.37. Cheniere Energy Partners had a return on equity of 266.18% and a net margin of 24.64%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.31 billion.
Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Cheniere Energy Partners in the fourth quarter worth approximately $224,000. Koch Industries Inc. acquired a new position in Cheniere Energy Partners in the fourth quarter valued at approximately $227,000. Allianz Asset Management GmbH acquired a new position in Cheniere Energy Partners in the third quarter valued at approximately $331,000. Advisor Group Inc. lifted its stake in Cheniere Energy Partners by 53.3% in the fourth quarter. Advisor Group Inc. now owns 13,152 shares of the energy company’s stock valued at $390,000 after buying an additional 4,572 shares during the period. Finally, Alps Advisors Inc. lifted its stake in Cheniere Energy Partners by 13.0% in the fourth quarter. Alps Advisors Inc. now owns 18,596 shares of the energy company’s stock valued at $551,000 after buying an additional 2,141 shares during the period.
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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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