Cheniere Energy Partners (NYSE:CQP) Issues Earnings Results

Cheniere Energy Partners (NYSE:CQP) posted its earnings results on Thursday. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02), Zacks reports. Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%.

Cheniere Energy Partners Price Performance

NYSE CQP traded up $0.63 during trading on Thursday, reaching $61.72. The company’s stock had a trading volume of 80,099 shares, compared to its average volume of 263,961. The company has a 50 day moving average of $58.61. Cheniere Energy Partners has a 12 month low of $45.51 and a 12 month high of $66.47. The stock has a market cap of $29.88 billion, a price-to-earnings ratio of 13.33 and a beta of 0.76.

Cheniere Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 5.02%. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 66.95%.

Analysts Set New Price Targets

CQP has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th. Barclays boosted their target price on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th.

About Cheniere Energy Partners

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.