Zacks Research Has Negative Forecast for CQP FY2027 Earnings

Cheniere Energy Partners (NYSE:CQP) – Equities researchers at Zacks Research dropped their FY2027 earnings per share (EPS) estimates for shares of Cheniere Energy Partners in a research report issued to clients and investors on Wednesday, April 2nd. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $4.44 for the year, down from their prior forecast of $4.54. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $4.14 per share.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Thursday, February 20th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02). The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.37 billion. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%.

Other research analysts have also issued reports about the company. Stifel Nicolaus lowered Cheniere Energy Partners from a “hold” rating to a “sell” rating and upped their price target for the stock from $50.00 to $51.00 in a report on Friday, February 21st. Barclays boosted their target price on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company boosted their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 18th.

Cheniere Energy Partners Stock Down 11.0 %

NYSE:CQP opened at $57.19 on Friday. The firm has a fifty day moving average price of $63.28. The firm has a market cap of $27.68 billion, a price-to-earnings ratio of 13.42 and a beta of 0.57. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $68.42.

Cheniere Energy Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 10th were given a dividend of $0.775 per share. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, February 10th. This represents a $3.10 annualized dividend and a dividend yield of 5.42%. Cheniere Energy Partners’s payout ratio is presently 72.77%.

Hedge Funds Weigh In On Cheniere Energy Partners

Several institutional investors have recently modified their holdings of CQP. Avantax Advisory Services Inc. lifted its stake in Cheniere Energy Partners by 2.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 7,438 shares of the company’s stock valued at $395,000 after buying an additional 162 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Cheniere Energy Partners by 1.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 20,812 shares of the company’s stock worth $1,106,000 after buying an additional 200 shares during the last quarter. Sigma Planning Corp lifted its holdings in Cheniere Energy Partners by 4.9% during the 4th quarter. Sigma Planning Corp now owns 5,161 shares of the company’s stock valued at $274,000 after purchasing an additional 243 shares during the last quarter. Powell Investment Advisors LLC lifted its position in Cheniere Energy Partners by 1.6% during the fourth quarter. Powell Investment Advisors LLC now owns 16,820 shares of the company’s stock worth $893,000 after acquiring an additional 258 shares during the last quarter. Finally, Valley National Advisers Inc. grew its holdings in Cheniere Energy Partners by 30.1% in the 4th quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock valued at $71,000 after buying an additional 310 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors and hedge funds.

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.