Cheniere Energy Partners, L.P. Forecasted to Post Q1 2024 Earnings of $1.07 Per Share (NYSE:CQP)

Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) - Investment analysts at US Capital Advisors raised their Q1 2024 earnings estimates for Cheniere Energy Partners in a research note issued on Monday, April 29th. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings of $1.07 per share for the quarter, up from their previous estimate of $0.99. The consensus estimate for Cheniere Energy Partners' current full-year earnings is $3.54 per share. US Capital Advisors also issued estimates for Cheniere Energy Partners' Q2 2024 earnings at $0.86 EPS, Q3 2024 earnings at $0.91 EPS, Q4 2024 earnings at $1.10 EPS, FY2024 earnings at $3.94 EPS, Q1 2025 earnings at $1.04 EPS, Q2 2025 earnings at $0.94 EPS, Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $1.08 EPS, FY2025 earnings at $4.01 EPS and FY2026 earnings at $4.13 EPS.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.71 by $0.25. The company had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.60 billion. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus upgraded shares of Cheniere Energy Partners from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. UBS Group lowered their price objective on shares of Cheniere Energy Partners from $53.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, April 24th. Finally, Barclays lowered their price objective on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an "underweight" rating for the company in a report on Thursday, April 18th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $47.80.

Cheniere Energy Partners Trading Up 1.3 %

Cheniere Energy Partners stock traded up $0.61 during mid-day trading on Wednesday, hitting $49.06. 155,482 shares of the company traded hands, compared to its average volume of 190,347. Cheniere Energy Partners has a one year low of $43.42 and a one year high of $62.34. The firm has a market capitalization of $23.75 billion, a PE ratio of 7.07 and a beta of 0.68. The business's fifty day moving average price is $48.88.

Cheniere Energy Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, May 9th will be issued a dividend of $0.775 per share. The ex-dividend date is Wednesday, May 8th. This represents a $3.10 dividend on an annualized basis and a yield of 6.32%. Cheniere Energy Partners's dividend payout ratio is currently 44.60%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Baystate Wealth Management LLC purchased a new position in Cheniere Energy Partners during the 4th quarter valued at $25,000. Creekmur Asset Management LLC purchased a new stake in shares of Cheniere Energy Partners in the 4th quarter worth about $25,000. Lee Financial Co grew its position in shares of Cheniere Energy Partners by 535.9% in the 4th quarter. Lee Financial Co now owns 1,170 shares of the company's stock worth $58,000 after buying an additional 986 shares during the period. Global Retirement Partners LLC grew its position in shares of Cheniere Energy Partners by 34.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,388 shares of the company's stock worth $72,000 after buying an additional 353 shares during the period. Finally, NBC Securities Inc. purchased a new stake in shares of Cheniere Energy Partners in the 3rd quarter worth about $115,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

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.