Cheniere Energy Partners LP (CQP) Sees Significant Increase in Short Interest

Cheniere Energy Partners LP (NYSEAMERICAN:CQP) saw a significant increase in short interest during the month of December. As of December 29th, there was short interest totalling 1,057,996 shares, an increase of 1.4% from the December 15th total of 1,043,465 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average daily volume of 298,040 shares, the days-to-cover ratio is currently 3.5 days.

Shares of Cheniere Energy Partners (CQP) opened at $30.89 on Tuesday. Cheniere Energy Partners has a 1-year low of $26.41 and a 1-year high of $33.47. The firm has a market cap of $14,750.00, a P/E ratio of 53.26 and a beta of 0.97.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last posted its earnings results on Tuesday, November 14th. The energy company reported ($1.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($1.56). Cheniere Energy Partners had a net margin of 2.55% and a return on equity of 19.48%. The company had revenue of $903.00 million during the quarter, compared to analyst estimates of $1.14 billion.

A number of research analysts recently weighed in on CQP shares. Zacks Investment Research raised shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, January 8th. Stifel Nicolaus started coverage on shares of Cheniere Energy Partners in a report on Thursday, January 4th. They issued a “hold” rating and a $30.00 price objective for the company. Royal Bank of Canada cut their price objective on shares of Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, October 16th. BMO Capital Markets started coverage on shares of Cheniere Energy Partners in a report on Monday, September 25th. They issued an “outperform” rating and a $32.00 price objective for the company. Finally, BidaskClub upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $33.63.

In other news, Director Jamie Welch bought 8,654 shares of the stock in a transaction dated Wednesday, December 20th. The shares were acquired at an average cost of $27.50 per share, with a total value of $237,985.00. Following the purchase, the director now directly owns 8,654 shares in the company, valued at approximately $237,985. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Group L.P. Blackstone purchased 116,223 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was bought at an average cost of $27.97 per share, for a total transaction of $3,250,757.31. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 838,701 shares of company stock worth $24,581,185.

A number of hedge funds have recently modified their holdings of the business. Bank of Montreal Can boosted its position in Cheniere Energy Partners by 19.5% in the 4th quarter. Bank of Montreal Can now owns 769,937 shares of the energy company’s stock valued at $22,821,000 after buying an additional 125,694 shares during the period. California Public Employees Retirement System boosted its position in Cheniere Energy Partners by 18.1% in the 3rd quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock valued at $1,116,000 after buying an additional 5,934 shares during the period. Jane Street Group LLC boosted its position in Cheniere Energy Partners by 7.7% in the 3rd quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock valued at $1,587,000 after buying an additional 3,953 shares during the period. Blackstone Group L.P. boosted its position in Cheniere Energy Partners by 5,731.3% in the 3rd quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock valued at $5,834,629,000 after buying an additional 198,978,886 shares during the period. Finally, First Allied Advisory Services Inc. boosted its position in Cheniere Energy Partners by 45.0% in the 3rd quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock valued at $759,000 after buying an additional 8,160 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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