Cheniere Energy Partners LP (CQP) Scheduled to Post Quarterly Earnings on Wednesday
Cheniere Energy Partners LP (NYSE:CQP) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.96 per share for the quarter.
Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Tuesday, August 8th. The company reported ($3.71) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($4.19). Cheniere Energy Partners had a return on equity of 39.76% and a net margin of 4.64%. The business had revenue of $992.00 million for the quarter, compared to analyst estimates of $771.91 million. On average, analysts expect Cheniere Energy Partners to post $0.63 EPS for the current fiscal year and $2.44 EPS for the next fiscal year.
Cheniere Energy Partners LP (CQP) opened at 28.11 on Tuesday. Cheniere Energy Partners LP has a 12-month low of $25.97 and a 12-month high of $33.47. The firm has a market cap of $13.61 billion and a P/E ratio of 98.63. The firm’s 50-day moving average is $28.02 and its 200 day moving average is $29.97.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Friday, November 3rd will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.76 annualized dividend and a yield of 6.26%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.43.
CQP has been the subject of several recent research reports. Zacks Investment Research raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Barclays PLC lowered Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $34.00 price objective for the company. in a research report on Tuesday, July 18th. Scotiabank set a $34.00 price objective on Cheniere Energy Partners and gave the company a “hold” rating in a research report on Saturday, July 22nd. BMO Capital Markets initiated coverage on Cheniere Energy Partners in a research report on Monday, September 25th. They set an “outperform” rating and a $32.00 price objective for the company. Finally, Royal Bank Of Canada lowered their price objective on Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $34.14.
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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