Cheniere Energy Partners (NYSE:CQP) Announces Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Cheniere Energy Partners (NYSE:CQP - Get Free Report) issued its earnings results on Friday. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.21, Briefing.com reports. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%. The firm had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $1.90 billion. During the same quarter last year, the business earned $3.50 earnings per share. The business's revenue was down 21.3% on a year-over-year basis.

Cheniere Energy Partners Stock Up 1.2 %

NYSE:CQP traded up $0.59 during trading hours on Friday, hitting $50.75. The company had a trading volume of 192,156 shares, compared to its average volume of 211,548. Cheniere Energy Partners has a 52 week low of $43.42 and a 52 week high of $62.34. The firm has a market cap of $24.57 billion, a P/E ratio of 7.30 and a beta of 0.68. The company's 50-day simple moving average is $48.77.

Cheniere Energy Partners Dividend Announcement

The business 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 $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 6.11%. The ex-dividend date is Wednesday, May 8th. Cheniere Energy Partners's dividend payout ratio (DPR) is currently 44.60%.

Analysts Set New Price Targets

Several research analysts have recently issued reports 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. Barclays cut their price target on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an "underweight" rating on the stock in a report on Thursday, April 18th. Finally, UBS Group cut their price target on shares of Cheniere Energy Partners from $53.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $47.80.

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.