Cheniere Energy Partners LP (NYSE:CQP) to Release Earnings on Monday
Cheniere Energy Partners LP (NYSE:CQP) will issue its Q2 2017 quarterly earnings data before the market opens on Monday, August 7th. Analysts expect the company to announce earnings of $1.19 per share for the quarter.
Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by $0.11. Cheniere Energy Partners had a return on equity of 42.56% and a net margin of 5.27%. The company had revenue of $891 million during the quarter, compared to the consensus estimate of $425.16 million. On average, analysts expect Cheniere Energy Partners to post $2.37 EPS for the current fiscal year and $2.32 EPS for the next fiscal year.
Cheniere Energy Partners LP (NYSE CQP) opened at 29.20 on Friday. The company’s market capitalization is $9.86 billion. Cheniere Energy Partners LP has a one year low of $25.97 and a one year high of $33.47. The firm has a 50-day moving average of $31.06 and a 200 day moving average of $31.47.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Tuesday, August 1st will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date is Friday, July 28th.
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CQP has been the subject of a number of recent analyst reports. Barclays PLC lowered shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $34.00 target price for the company. in a research note on Tuesday, July 18th. Guggenheim initiated coverage on shares of Cheniere Energy Partners in a research note on Monday, April 17th. They set a “neutral” rating and a $36.00 target price for the company. TheStreet lowered shares of Cheniere Energy Partners from a “b-” rating to a “c+” rating in a research note on Friday, May 5th. Zacks Investment Research raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. Finally, Scotiabank set a $34.00 target price on shares of Cheniere Energy Partners and gave the company a “hold” rating in a research note on Saturday, April 22nd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.00.
Cheniere Energy Partners Company Profile
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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