On Jan. 04, Bx Rockies Platform Co LLC invested U.S. $1,481,905 in shares of Cheniere Energy Partners L.P.. The 10% acquired 42,425 shares at a cost per share of $34.93. The transaction increased this specific insider’s holdings to 203,409,509 shares worth around $7.28 billion at present.
Another 42,425 shares were purchased by Blackstone Holdings III L.P., for more than $1,481,905 in total proceeds. The 10% acquired the shares at a price of $34.93 and the insider now owns almost 203,409,509 shares.
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Credit Suisse took its Cheniere Energy Partners L.P. [CQP] rating to the equivalent of an Underperform from a Neutral, and the price target to $32 from $31, in a research note dated November 19, 2020. That figure represents around a -11.91% premium from where the company’s shares closed on Wednesday. Other analysts also revised their coverage, with Credit Suisse’s analysts downgrading the shares from “a Neutral” rating to “an Underperform” rating in a research note to investors issued in mid November. Meanwhile, Wells Fargo had launched its coverage on CQP with “an Equal weight”, in a research note produced for clients October 20, 2020. In addition, there was a downgrade from Citigroup on August 26, 2020. The rater changed CQP from “a Buy” to “a Neutral”.
Is Cheniere Energy Partners L.P. [AMEX:CQP] a Good Buy Right Now?
It should be noted that CQP technical indicators for short, intermediate as well as long term progress have placed an overall average of 8% as Buy. The average signal changed from 24% Sell in the last week and compares with 100% Buy in the past month. Data from Cheniere Energy Partners L.P.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 0.28 million shares in the past 20 days and the short term average signal indicates a Hold. In the last 50 days, the average trading volume was 0.21 million shares while the medium term average advocated for 50% Buy. The average long-term signal stands at Hold and the 100-day average volume stands at 0.2 million shares.
CQP Price Performance
On Wall Street, Cheniere Energy Partners L.P. [AMEX:CQP] finished Wednesday’s session up 3.11% at $35.81. The stock went up to $36.13 at the same session while its lowest single day price was $34.54. In the last five days, it saw a rise of about 7.89%, Cheniere Energy Partners L.P. shares gained by almost 1.59% since the beginning of the year. However, the share price has dropped to as low as -16.49% below its one year high. On 01/04/21, the company shares recorded $36.49, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $34.54. The company’s shares have declined by -13.48% in the past year. The 50-day SMA achieved is $36.38 while the 200-day SMA is $34.68. Volume dropped to 0.26 million from 0.3 million in the previous session.
Cheniere Energy Partners L.P. [CQP] Valuation Measures
Notably, Cheniere Energy Partners L.P. [CQP] stock cannot be classified as a good candidate in the listing of underestimated low-priced Oil & Gas Midstream companies to purchase soonest possible with the prevailing 12-month PE ratio of 15.54. The measure means the stock is exchanging at a premium as compared to the 13.57x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 2.77 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 0.92 which means CQP serve an unattractive investment opportunity compared to its competitors.
CQP Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 34.86 level, and in case of violation of this particular level, it will cause more drop to 33.90 level. On the upper level, 37.08 is still the key resistance. The stock may increase to the subsequent resistance at 36.45. The Relative Strength Index (RSI) pinned on the 14-day chart is 52.24, implying a neutral technical stance while the MACD stands at 0.71, meaning price will decrease in the next trading period. Percent R indicator moved to 27.11%, implying bullish price movement. Stochastic %K at 52.86% suggest holding the stock.
What is the short interest in Cheniere Energy Partners L.P.?
Short interest in the Cheniere Energy Partners L.P. stock has surged, increasing by 0.49 million shares to total 1.56 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 2.05 million, data from Yahoo Finance shows. The decrease of -31.41% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 0.88% of the overall float for the stock.
Cheniere Energy Partners L.P.’s Biggest Shareholders: Who Owns Cheniere Energy Partners L.P. [CQP]?
Filings by ALPS Advisors, Inc. showed that the firm now holds a total of 4,878,463 shares or roughly 1.01% of the outstanding CQP shares. This means their shares have reduced by -62,228 from the 4,878,463 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Blackstone Alternative Credit Adv updated stake is worth $90,321,079. Details in the latest 13F filings reveal that Energy Income Partners LLC acquired their 138.71% stake valued at $49,250,651 while JPMorgan Securities LLC cut theirs at $44,878,295. During the last quarter, Energy Income Partners LLC raised 751,144 of its shares in Cheniere Energy Partners L.P. while JPMorgan Securities LLC sold -313,449 shares. The Brookfield Public Securities Grou’s holdings currently number 1,064,019 shares at $38102520.39. According to the firm’s last 13F report, Global X Management Co. LLC shares in the company at filing stood at 930,931 shares, roughly $35,468,471.
CQP Earnings Forecast For The Current Quarter
Cheniere Energy Partners L.P. [CQP] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.73B and an earnings per share of $0.64 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.75B at an EPS of $0.61 for Mar 2021. The estimates represent downside of 16.90% and 11.21% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
CQP Earnings Estimates For The Current Year
For the financial year, Cheniere Energy Partners L.P. [AMEX:CQP] is expected to bring in revenue of $5.9B. The returns are nearly $-940.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 2.21, lower than that of FY19 by -$0.04. Estimates put this year’s earnings growth at -1.80%, 11.30% for the next, and at an annual -4.70% over the next 5-year period. As for sales, forecasts are for a decrease of -13.70% in the current fiscal year and a further 16.90% over the following year.
What are analyst thoughts on Cheniere Energy Partners L.P.?
Looking forward to the Cheniere Energy Partners L.P. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Cheniere Energy Partners L.P. stock at $38.00 within the next 12 months, which represents almost 5.76 per cent growth from its previous closing price of $35.81. The highest analysts’ target for Cheniere Energy Partners L.P. stock projections is $45.00 and the lowest one is $32.00. Still, 19 analysts sharing their consensus rating for CQP stock in 2021 agree that it is a Hold.