Cheniere Energy Partners LP (NYSEAMERICAN:CQP) issued its earnings results on Tuesday. The energy company reported ($1.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($1.56), Bloomberg Earnings reports. Cheniere Energy Partners had a net margin of 4.64% and a return on equity of 39.76%.
Shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) opened at $27.40 on Thursday. Cheniere Energy Partners has a 12 month low of $26.41 and a 12 month high of $33.47.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were paid a $0.44 dividend. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 6.42%. The ex-dividend date was Thursday, November 2nd. Cheniere Energy Partners’s payout ratio is presently 303.45%.
A number of research analysts have recently weighed in on the stock. BidaskClub raised shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. Royal Bank Of Canada dropped 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 research note on Monday, October 16th. BMO Capital Markets assumed coverage on shares of Cheniere Energy Partners in a research note on Monday, September 25th. They set an “outperform” rating and a $32.00 price objective for the company. Zacks Investment Research cut shares of Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, September 18th. Finally, ValuEngine cut shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Cheniere Energy Partners has a consensus rating of “Hold” and a consensus price target of $34.25.
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.
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