Cheniere Energy Partners (NYSE:CQP) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Cheniere Energy Partners (NYSE:CQP) issued its quarterly earnings data on Thursday. The company reported $1.05 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 Stock Up 1.0 %

NYSE CQP traded up $0.63 during trading on Thursday, reaching $61.72. The company’s stock had a trading volume of 80,099 shares, compared to its average volume of 263,961. The stock has a 50-day simple moving average of $58.61. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $66.47. The company has a market capitalization of $29.88 billion, a PE ratio of 13.33 and a beta of 0.76.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were paid a $0.775 dividend. The ex-dividend date was Monday, February 10th. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.04. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.02%. Cheniere Energy Partners’s dividend payout ratio is 66.95%.

Wall Street Analysts Forecast Growth

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

Cheniere Energy Partners Company Profile

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.