Cheniere Energy Partners (NYSE:CQP) Announces Quarterly Earnings Results

Cheniere Energy Partners (NYSE:CQP) released its quarterly earnings data on Thursday. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02), Zacks reports. Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.37 billion.

Cheniere Energy Partners Trading Down 0.2 %

CQP stock opened at $63.02 on Friday. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $66.47. The company has a market cap of $30.50 billion, a price-to-earnings ratio of 13.61 and a beta of 0.76. The company’s 50 day moving average is $58.70.

Cheniere Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. Cheniere Energy Partners’s dividend payout ratio (DPR) is 66.95%.

Analysts Set New Price Targets

A number of research firms have recently commented on CQP. Stifel Nicolaus cut Cheniere Energy Partners from a “hold” rating to a “sell” rating and raised their target price for the company from $50.00 to $51.00 in a research note on Friday. Wells Fargo & Company raised their target price on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research note on Wednesday, December 18th. Finally, Barclays raised their price objective on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th.

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.