Cheniere Energy Partners LP (NYSEAMERICAN:CQP) – Stock analysts at US Capital Advisors cut their FY2017 earnings per share (EPS) estimates for Cheniere Energy Partners in a report released on Thursday, Zacks Investment Research reports. US Capital Advisors analyst J. Carreker now expects that the energy company will post earnings of ($0.84) per share for the year, down from their prior forecast of $1.41. US Capital Advisors also issued estimates for Cheniere Energy Partners’ Q4 2017 earnings at $0.38 EPS, Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.56 EPS and FY2018 earnings at $1.98 EPS.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last posted its earnings results on Tuesday, November 14th. The energy company reported ($1.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $903.00 million during the quarter, compared to the consensus estimate of $1.14 billion.
CQP has been the subject of several other research reports. Zacks Investment Research upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, January 8th. Stifel Nicolaus assumed coverage on shares of Cheniere Energy Partners in a research report on Thursday, January 4th. They set a “hold” rating and a $30.00 target price for the company. BidaskClub upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, Royal Bank of Canada dropped their target price on shares of Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Cheniere Energy Partners presently has an average rating of “Hold” and an average price target of $33.63.
Cheniere Energy Partners (NYSEAMERICAN:CQP) traded up $0.43 during mid-day trading on Monday, reaching $30.65. 124,669 shares of the company traded hands, compared to its average volume of 213,985. Cheniere Energy Partners has a 1 year low of $26.41 and a 1 year high of $33.47. The company has a market cap of $14,850.00, a PE ratio of 52.91 and a beta of 0.97.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Friday, February 2nd will be issued a $0.50 dividend. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $2.00 annualized dividend and a dividend yield of 6.53%. Cheniere Energy Partners’s payout ratio is 303.45%.
In related news, major shareholder Cqp Common Holdco L. Blackstone bought 25,466 shares of Cheniere Energy Partners stock in a transaction that occurred on Tuesday, December 26th. The stock was purchased at an average cost of $28.61 per share, with a total value of $728,582.26. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jamie Welch bought 8,654 shares of Cheniere Energy Partners stock in a transaction that occurred on Wednesday, December 20th. The stock was bought at an average cost of $27.50 per share, with a total value of $237,985.00. Following the completion of the purchase, the director now owns 8,654 shares in the company, valued at approximately $237,985. The disclosure for this purchase can be found here. Insiders bought a total of 838,701 shares of company stock valued at $24,581,185 in the last three months.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH acquired a new position in Cheniere Energy Partners in the 3rd quarter worth $331,000. First Allied Advisory Services Inc. boosted its stake 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 worth $759,000 after purchasing an additional 8,160 shares during the period. California Public Employees Retirement System boosted its stake 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 worth $1,116,000 after purchasing an additional 5,934 shares during the period. Jane Street Group LLC boosted its stake 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 worth $1,587,000 after purchasing an additional 3,953 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its stake in Cheniere Energy Partners by 4.8% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 220,000 shares of the energy company’s stock worth $6,521,000 after purchasing an additional 10,000 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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