Cheniere Energy Partners (NYSE:CQP) Issues Earnings Results

Cheniere Energy Partners (NYSE:CQP) posted its quarterly earnings results on Thursday. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02), Zacks reports. Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%.

Cheniere Energy Partners Stock Up 0.6 %

CQP traded up $0.38 during trading on Thursday, reaching $61.47. The stock had a trading volume of 72,178 shares, compared to its average volume of 263,857. The stock has a market cap of $29.75 billion, a price-to-earnings ratio of 13.28 and a beta of 0.76. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $66.47. The stock has a 50 day simple moving average of $58.61.

Cheniere Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were issued a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 5.04%. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio is 66.95%.

Analyst Ratings Changes

Several equities analysts have weighed in on CQP shares. Barclays raised their price target on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company lifted their target price on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.