Cheniere Energy Partners LP (NYSE:CQP) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 3,354,405 shares, a growth of 45.5% from the August 31st total of 2,305,535 shares. Currently, 8.4% of the shares of the company are sold short. Based on an average trading volume of 474,680 shares, the short-interest ratio is currently 7.1 days.
CQP has been the subject of a number of research analyst reports. US Capital Advisors upgraded Cheniere Energy Partners to a “buy” rating in a research note on Thursday, September 8th. Wolfe Research initiated coverage on Cheniere Energy Partners in a research note on Wednesday, June 22nd. They issued an “outperform” rating for the company. Finally, Barclays PLC restated an “overweight” rating and issued a $32.00 target price (down previously from $36.00) on shares of Cheniere Energy Partners in a research note on Tuesday, September 6th.
Cheniere Energy Partners (NYSE:CQP) opened at 28.76 on Thursday. The firm’s 50 day moving average price is $27.53 and its 200-day moving average price is $28.50. The stock’s market cap is $9.72 billion. Cheniere Energy Partners has a 1-year low of $19.22 and a 1-year high of $31.49.
Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.21) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.38) by $0.17. The company earned $176.03 million during the quarter, compared to analyst estimates of $145.50 million. During the same quarter last year, the business earned ($0.01) EPS. On average, equities analysts anticipate that Cheniere Energy Partners will post $0.08 earnings per share for the current year.
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