Short Interest in Cheniere Energy Partners (CQP) Rises By 6.0%
Cheniere Energy Partners (NYSEAMERICAN:CQP) saw a large growth in short interest in April. As of April 13th, there was short interest totalling 2,101,536 shares, a growth of 6.0% from the March 30th total of 1,983,128 shares. Based on an average trading volume of 179,658 shares, the days-to-cover ratio is presently 11.7 days. Approximately 5.0% of the company’s shares are short sold.
A number of analysts have commented on CQP shares. Citigroup boosted their price target on shares of Cheniere Energy Partners from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, March 27th. Sanford C. Bernstein upgraded shares of Cheniere Energy Partners from a “market perform” rating to an “outperform” rating in a research note on Monday, March 26th. TheStreet upgraded shares of Cheniere Energy Partners from a “c” rating to a “b” rating in a research note on Monday, March 19th. Zacks Investment Research lowered shares of Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 6th. Finally, Barclays set a $35.00 price target on shares of Cheniere Energy Partners and gave the company a “hold” rating in a research note on Monday, February 12th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $34.38.
CQP stock traded down $0.76 during midday trading on Tuesday, reaching $30.02. 127,229 shares of the company’s stock traded hands, compared to its average volume of 217,939. Cheniere Energy Partners has a 52 week low of $26.41 and a 52 week high of $33.47.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Koch Industries Inc. bought a new stake in shares of Cheniere Energy Partners in the 4th quarter worth $227,000. Finepoint Capital LP bought a new stake in shares of Cheniere Energy Partners in the 4th quarter worth $18,334,000. Allianz Asset Management GmbH bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter worth $331,000. Goldman Sachs Group Inc. grew its stake in shares of Cheniere Energy Partners by 2.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,336,325 shares of the energy company’s stock worth $39,608,000 after acquiring an additional 26,160 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Cheniere Energy Partners by 0.3% in the 4th quarter. Jennison Associates LLC now owns 973,425 shares of the energy company’s stock worth $28,852,000 after acquiring an additional 2,496 shares in the last quarter.
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About Cheniere Energy Partners
Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.
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