Cheniere Energy Partners (NYSE:CQP) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Cheniere Energy Partners (NYSE:CQP) posted its quarterly earnings data on Friday. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21, Briefing.com reports. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period last year, the company earned $3.50 earnings per share. Cheniere Energy Partners’s quarterly revenue was down 21.3% on a year-over-year basis.

Cheniere Energy Partners Trading Up 1.2 %

Cheniere Energy Partners stock traded up $0.59 during midday trading on Friday, reaching $50.75. 192,156 shares of the company’s stock were exchanged, compared to its average volume of 211,548. The firm has a 50-day moving average price of $48.77. The company has a market cap of $24.57 billion, a price-to-earnings ratio of 7.30 and a beta of 0.68. Cheniere Energy Partners has a 52 week low of $43.42 and a 52 week high of $62.34.

Cheniere Energy Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, May 9th will be issued a $0.775 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 6.11%. Cheniere Energy Partners’s payout ratio is 44.60%.

Analyst Upgrades and Downgrades

CQP has been the subject of a number of analyst reports. UBS Group decreased their target price on shares of Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Stifel Nicolaus raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Barclays dropped their target price on Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating on the stock in a report on Thursday, April 18th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $47.80.

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.