Short Interest in Cheniere Energy Partners LP (CQP) Drops By 31.3%
Cheniere Energy Partners LP (NYSE:CQP) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 2,303,084 shares, a decrease of 31.3% from the September 15th total of 3,354,405 shares. Currently, 5.7% of the shares of the stock are short sold. Based on an average trading volume of 661,969 shares, the days-to-cover ratio is presently 3.5 days.
CQP has been the subject of several research analyst reports. US Capital Advisors upgraded Cheniere Energy Partners to a “buy” rating in a research report on Thursday, September 8th. Wolfe Research initiated coverage on Cheniere Energy Partners in a report on Wednesday, June 22nd. They issued an “outperform” rating on the stock. Finally, Barclays PLC reissued an “overweight” rating and issued a $32.00 target price (down previously from $36.00) on shares of Cheniere Energy Partners in a report on Tuesday, September 6th.
Cheniere Energy Partners (NYSE:CQP) traded down 0.99% during mid-day trading on Tuesday, reaching $29.06. The company’s stock had a trading volume of 141,511 shares. The company’s market capitalization is $9.82 billion. Cheniere Energy Partners has a 1-year low of $19.22 and a 1-year high of $31.49. The firm has a 50 day moving average price of $27.82 and a 200-day moving average price of $28.49.
Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.17. The business had revenue of $176.03 million for the quarter, compared to analysts’ expectations of $145.50 million. During the same quarter in the prior year, the firm posted ($0.01) EPS. On average, equities analysts predict that Cheniere Energy Partners will post $0.08 EPS for the current fiscal year.
A hedge fund recently raised its stake in Cheniere Energy Partners stock. BNP Paribas Arbitrage SA raised its position in shares of Cheniere Energy Partners LP (NYSE:CQP) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 164,682 shares of the company’s stock after buying an additional 5,336 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cheniere Energy Partners were worth $4,819,000 at the end of the most recent reporting period.
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