Cheniere Energy Partners LP (CQP) Short Interest Up 37.0% in June
Cheniere Energy Partners LP (NYSEAMERICAN:CQP) was the recipient of a large increase in short interest in the month of June. As of June 29th, there was short interest totalling 3,132,542 shares, an increase of 37.0% from the June 15th total of 2,285,785 shares. Based on an average trading volume of 295,012 shares, the days-to-cover ratio is presently 10.6 days. Approximately 7.4% of the company’s stock are sold short.
A number of research firms have weighed in on CQP. TheStreet upgraded Cheniere Energy Partners from a “c” rating to a “b” rating in a report on Monday, March 19th. Citigroup upped their price target on Cheniere Energy Partners from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, March 27th. Sanford C. Bernstein upgraded Cheniere Energy Partners from a “market perform” rating to an “outperform” rating in a report on Monday, March 26th. Stifel Nicolaus set a $32.00 price target on Cheniere Energy Partners and gave the stock a “hold” rating in a report on Monday, May 7th. Finally, Barclays set a $38.00 price target on Cheniere Energy Partners and gave the stock a “hold” rating in a report on Thursday, July 5th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $34.57.
Institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC purchased a new position in shares of Cheniere Energy Partners during the 1st quarter valued at approximately $206,000. Usca Ria LLC purchased a new position in shares of Cheniere Energy Partners during the 1st quarter valued at approximately $212,000. Virtu Financial LLC bought a new position in Cheniere Energy Partners during the fourth quarter worth $224,000. Koch Industries Inc. bought a new position in Cheniere Energy Partners during the fourth quarter worth $227,000. Finally, GSA Capital Partners LLP bought a new position in Cheniere Energy Partners during the first quarter worth $271,000.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its earnings results on Friday, May 4th. The energy company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.12. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Cheniere Energy Partners had a return on equity of 266.18% and a net margin of 24.64%.
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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