Cheniere Energy Partners LP (CQP) Short Interest Update
Cheniere Energy Partners LP (NYSEAMERICAN:CQP) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 1,043,465 shares, a decline of 27.8% from the November 30th total of 1,444,786 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average daily volume of 308,247 shares, the short-interest ratio is currently 3.4 days.
In other Cheniere Energy Partners news, Director Jamie Welch bought 8,654 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was bought at an average cost of $27.50 per share, for a total transaction of $237,985.00. Following the completion of the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $237,985. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in shares of Cheniere Energy Partners by 7.7% during the third quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock worth $1,587,000 after purchasing an additional 3,953 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Cheniere Energy Partners by 18.1% during the third quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock worth $1,116,000 after purchasing an additional 5,934 shares in the last quarter. First Allied Advisory Services Inc. increased its stake in shares of Cheniere Energy Partners by 45.0% during the third quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock worth $759,000 after purchasing an additional 8,160 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Cheniere Energy Partners during the third quarter worth about $331,000. Finally, Blackstone Group L.P. increased its stake in shares of Cheniere Energy Partners by 5,731.3% during the third quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock worth $5,834,629,000 after purchasing an additional 198,978,886 shares in the last quarter.
Shares of Cheniere Energy Partners (NYSEAMERICAN CQP) opened at $29.26 on Thursday. The company has a market cap of $13,670.00, a PE ratio of 50.45 and a beta of 0.97. Cheniere Energy Partners has a one year low of $26.41 and a one year high of $33.47.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its earnings results on Tuesday, November 14th. The energy company reported ($1.10) EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($1.56). The company had revenue of $903.00 million for the quarter, compared to analysts’ expectations of $1.14 billion. Cheniere Energy Partners had a return on equity of 19.48% and a net margin of 2.55%.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a report on Monday, September 18th. BidaskClub raised shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th. Royal Bank of Canada cut 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 report on Monday, October 16th. Finally, BMO Capital Markets assumed coverage on shares of Cheniere Energy Partners in a report on Monday, September 25th. They issued an “outperform” rating and a $32.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Cheniere Energy Partners presently has a consensus rating of “Hold” and a consensus target price of $34.14.
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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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