Cheniere Energy Partners (NYSE:CQP) Shares Gap Down – Should You Sell?

Cheniere Energy Partners, L.P. (NYSE:CQP)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $61.02, but opened at $57.44. Cheniere Energy Partners shares last traded at $57.8750, with a volume of 4,537 shares trading hands.

Wall Street Analyst Weigh In

CQP has been the topic of several recent research reports. Barclays increased their price target on Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a report on Friday, February 27th. Royal Bank Of Canada upped their target price on Cheniere Energy Partners from $58.00 to $62.00 and gave the stock a “sector perform” rating in a research report on Friday, March 6th. Wells Fargo & Company cut their target price on Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating on the stock in a report on Friday, March 13th. Weiss Ratings downgraded shares of Cheniere Energy Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Finally, Citigroup boosted their price target on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company a “sell” rating in a research note on Thursday, April 2nd. Four analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Cheniere Energy Partners currently has a consensus rating of “Strong Sell” and a consensus price target of $60.43.

Cheniere Energy Partners Price Performance

The stock has a market capitalization of $29.13 billion, a P/E ratio of 14.06 and a beta of 0.32. The business has a fifty day simple moving average of $62.58 and a 200 day simple moving average of $60.19. The company has a current ratio of 0.42, a quick ratio of 0.37 and a debt-to-equity ratio of 161.69.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Wednesday, May 6th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($1.03). The company had revenue of $3.60 billion during the quarter. Cheniere Energy Partners had a net margin of 22.27% and a negative return on equity of 4,929.80%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.08 EPS. On average, analysts expect that Cheniere Energy Partners, L.P. will post 4.19 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were given a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Friday, May 8th. Cheniere Energy Partners’s dividend payout ratio is presently 72.43%.

Institutional Trading of Cheniere Energy Partners

Several institutional investors have recently made changes to their positions in CQP. Larson Financial Group LLC raised its holdings in shares of Cheniere Energy Partners by 68.3% in the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after purchasing an additional 205 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Cheniere Energy Partners by 1.9% during the first quarter. Janney Montgomery Scott LLC now owns 11,451 shares of the company’s stock worth $740,000 after purchasing an additional 215 shares during the last quarter. Disciplined Investors L.L.C. boosted its holdings in Cheniere Energy Partners by 2.6% during the third quarter. Disciplined Investors L.L.C. now owns 8,669 shares of the company’s stock worth $467,000 after purchasing an additional 223 shares during the last quarter. Powell Investment Advisors LLC grew its position in Cheniere Energy Partners by 1.4% in the 1st quarter. Powell Investment Advisors LLC now owns 18,050 shares of the company’s stock worth $1,167,000 after purchasing an additional 250 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in Cheniere Energy Partners by 6.8% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 4,333 shares of the company’s stock worth $233,000 after purchasing an additional 275 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.