Cheniere Energy Partners (NYSE:CQP) Announces Earnings Results, Misses Estimates By $0.02 EPS

Cheniere Energy Partners (NYSE:CQP) announced its earnings results on Thursday. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02), Zacks reports. Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%.

Cheniere Energy Partners Trading Up 0.6 %

Shares of Cheniere Energy Partners stock traded up $0.38 during trading on Thursday, reaching $61.47. The company’s stock had a trading volume of 72,178 shares, compared to its average volume of 263,857. Cheniere Energy Partners has a 52-week low of $45.51 and a 52-week high of $66.47. The company has a market cap of $29.75 billion, a P/E ratio of 13.28 and a beta of 0.76. The firm has a 50-day simple moving average of $58.61.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 10th were paid a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Monday, February 10th. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. Cheniere Energy Partners’s payout ratio is currently 66.95%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CQP shares. Wells Fargo & Company raised their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th. Barclays lifted their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th.

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.