Cheniere Energy Partners (NYSE:CQP) Releases Earnings Results, Beats Expectations By $0.21 EPS

Cheniere Energy Partners (NYSE:CQP) issued its earnings results on Friday. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21, Briefing.com reports. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the company posted $3.50 earnings per share. Cheniere Energy Partners’s revenue was down 21.3% on a year-over-year basis.

Cheniere Energy Partners Stock Performance

Shares of NYSE CQP traded up $0.59 during mid-day trading on Friday, hitting $50.75. 192,156 shares of the stock were exchanged, compared to its average volume of 211,548. The firm has a market cap of $24.57 billion, a P/E ratio of 7.30 and a beta of 0.68. Cheniere Energy Partners has a twelve month low of $43.42 and a twelve month high of $62.34. The firm’s fifty day moving average price is $48.77.

Cheniere Energy Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.775 per share. The ex-dividend date is Wednesday, May 8th. This represents a $3.10 annualized dividend and a yield of 6.11%. Cheniere Energy Partners’s dividend payout ratio is 44.60%.

Analyst Ratings Changes

Several analysts have recently weighed in on CQP shares. Stifel Nicolaus upgraded shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. UBS Group decreased their price objective on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Finally, Barclays lowered their price objective on Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating on the stock in a research note on Thursday, April 18th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Cheniere Energy Partners has an average rating of “Hold” and a consensus target price of $47.80.

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.