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

Cheniere Energy Partners (NYSE:CQP - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.02, Zacks reports. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. During the same period in the prior year, the company posted $1.18 earnings per share. The company's revenue was up 30.2% on a year-over-year basis.

Cheniere Energy Partners Stock Up 0.4 %

CQP stock traded up $0.25 during midday trading on Friday, hitting $57.27. The company's stock had a trading volume of 203,021 shares, compared to its average volume of 166,080. Cheniere Energy Partners has a 1 year low of $46.71 and a 1 year high of $68.42. The stock has a market cap of $27.72 billion, a price-to-earnings ratio of 13.44 and a beta of 0.45. The stock's 50-day moving average price is $61.00 and its 200 day moving average price is $58.46.

Cheniere Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, May 9th will be issued a dividend of $0.82 per share. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date is Friday, May 9th. Cheniere Energy Partners's dividend payout ratio (DPR) is 72.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CQP shares. Stifel Nicolaus downgraded shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and boosted their target price for the stock from $50.00 to $51.00 in a research report on Friday, February 21st. Barclays lifted their target price on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, January 16th. Bank of America increased their price target on Cheniere Energy Partners from $49.00 to $50.00 and gave the company an "underperform" rating in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an "underweight" rating in a research note on Monday, April 28th. Five equities research analysts have rated the stock with a sell rating, According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $53.60.

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.

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