Cheniere Energy Partners LP (NYSEAMERICAN:CQP) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 2,295,479 shares, an increase of 32.1% from the February 15th total of 1,737,726 shares. Approximately 6.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 188,535 shares, the days-to-cover ratio is presently 12.2 days.
In other news, Director Jamie Welch acquired 8,654 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was purchased at an average cost of $27.50 per share, for a total transaction of $237,985.00. Following the completion of the transaction, the director now directly owns 8,654 shares in the company, valued at $237,985. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Group L.P. Blackstone acquired 459,823 shares of the stock in a transaction that occurred on Friday, December 29th. The stock was purchased at an average price of $29.56 per share, with a total value of $13,592,367.88. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 838,701 shares of company stock valued at $24,581,185.
Several institutional investors have recently added to or reduced their stakes in CQP. Blackstone Group L.P. grew its position in shares of Cheniere Energy Partners by 5,731.3% during the third quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock worth $5,834,629,000 after acquiring an additional 198,978,886 shares during the last quarter. Finepoint Capital LP bought a new position in shares of Cheniere Energy Partners during the fourth quarter worth about $18,334,000. California Public Employees Retirement System grew its position in shares of Cheniere Energy Partners by 1,436.0% during the fourth quarter. California Public Employees Retirement System now owns 594,970 shares of the energy company’s stock worth $17,635,000 after acquiring an additional 556,236 shares during the last quarter. Bank of Montreal Can grew its position in shares of Cheniere Energy Partners by 19.5% during the fourth quarter. Bank of Montreal Can now owns 769,937 shares of the energy company’s stock worth $22,821,000 after acquiring an additional 125,694 shares during the last quarter. Finally, Covalis Capital LLP bought a new position in shares of Cheniere Energy Partners during the fourth quarter worth about $3,034,000.
Cheniere Energy Partners (CQP) traded up $0.05 during trading hours on Friday, hitting $29.35. The stock had a trading volume of 303,466 shares, compared to its average volume of 223,419. Cheniere Energy Partners has a fifty-two week low of $26.41 and a fifty-two week high of $33.47. The company has a market cap of $14,530.00, a PE ratio of 30.26 and a beta of 0.89.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.39 by $0.37. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.31 billion. Cheniere Energy Partners had a net margin of 24.64% and a return on equity of 266.18%.
CQP has been the topic of a number of recent analyst reports. Stifel Nicolaus initiated coverage on Cheniere Energy Partners in a report on Thursday, January 4th. They set a “hold” rating and a $30.00 target price on the stock. Zacks Investment Research upgraded Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a report on Monday, January 8th. Morgan Stanley raised their target price on Cheniere Energy Partners from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. Finally, Barclays set a $35.00 target price on Cheniere Energy Partners and gave the stock a “hold” rating in a report on Monday, February 12th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $34.00.
WARNING: This report was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/03/18/cheniere-energy-partners-lp-cqp-short-interest-up-32-1-in-february.html.
About Cheniere Energy Partners
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.
Receive News & Ratings for Cheniere Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.