FY2020 EPS Estimates for Cheniere Energy Partners Reduced by Analyst (CQP)

Cheniere Energy Partners (NYSEAMERICAN:CQP) – Analysts at US Capital Advisors cut their FY2020 earnings per share estimates for shares of Cheniere Energy Partners in a note issued to investors on Monday, May 14th. US Capital Advisors analyst J. Carreker now forecasts that the energy company will post earnings of $2.43 per share for the year, down from their previous estimate of $2.44.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last announced its earnings results on Friday, May 4th. The energy company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.12. Cheniere Energy Partners had a net margin of 24.64% and a return on equity of 266.18%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.40 billion.

A number of other research firms also recently weighed in on CQP. Stifel Nicolaus set a $32.00 price target on shares of Cheniere Energy Partners and gave the stock a “hold” rating in a research note on Monday, May 7th. Zacks Investment Research raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Barclays set a $35.00 price target on shares of Cheniere Energy Partners and gave the stock a “hold” rating in a research note on Monday, February 12th. Morgan Stanley boosted 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 note on Monday, February 12th. Finally, TheStreet raised shares of Cheniere Energy Partners from a “c” rating to a “b” rating in a research note on Monday, March 19th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Cheniere Energy Partners presently has an average rating of “Hold” and an average price target of $34.14.

CQP opened at $32.82 on Wednesday. Cheniere Energy Partners has a fifty-two week low of $31.86 and a fifty-two week high of $32.39.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Monday, May 7th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 6.70%. The ex-dividend date of this dividend was Friday, May 4th. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.50.

A number of large investors have recently modified their holdings of CQP. California Public Employees Retirement System boosted its holdings in shares of Cheniere Energy Partners by 18.1% in the third 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. Bank of Montreal Can boosted its holdings in shares of Cheniere Energy Partners by 19.5% in the fourth 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. Duff & Phelps Investment Management Co. boosted its holdings in shares of Cheniere Energy Partners by 4.8% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 220,000 shares of the energy company’s stock valued at $6,521,000 after buying an additional 10,000 shares during the period. Jennison Associates LLC boosted its holdings in shares of Cheniere Energy Partners by 0.3% in the fourth quarter. Jennison Associates LLC now owns 973,425 shares of the energy company’s stock valued at $28,852,000 after buying an additional 2,496 shares during the period. Finally, Alps Advisors Inc. boosted its holdings in shares of 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.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.

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