Stock of The Day: After Today’s Significant Increase, Is Cheniere Energy Partners LP’s Near-Term Analysis Positive?

Stock of The Day: After Today's Significant Increase, Is Cheniere Energy Partners LP's Near Term Analysis Positive?

The stock of Cheniere Energy Partners LP (NYSEMKT:CQP) is a huge mover today! The stock increased 3.58% or $1.01 on September 30, hitting $29.26. About 392,418 shares traded hands. Cheniere Energy Partners LP (NYSEMKT:CQP) has risen 11.05% since February 26, 2016 and is uptrending. It has outperformed by 0.63% the S&P500.
The move comes after 8 months positive chart setup for the $9.70B company. It was reported on Oct, 1 by Barchart.com. We have $43.60 PT which if reached, will make NYSEMKT:CQP worth $4.75B more.

Analysts await Cheniere Energy Partners LP (NYSEMKT:CQP) to report earnings on November, 4. They expect $0.02 EPS, up 133.33% or $0.08 from last year’s $-0.06 per share. CQP’s profit will be $6.63 million for 365.75 P/E if the $0.02 EPS becomes a reality. After $-0.21 actual EPS reported by Cheniere Energy Partners LP for the previous quarter, Wall Street now forecasts -109.52% EPS growth.

Cheniere Energy Partners LP (NYSEMKT:CQP) Ratings Coverage

Out of 7 analysts covering Cheniere Energy Partners LP (NYSEMKT:CQP), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Cheniere Energy Partners LP has been the topic of 10 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Credit Suisse given on Wednesday, August 5. The stock has “Accumulate” rating given by Global Hunter Securities on Thursday, July 23. RBC Capital Markets maintained Cheniere Energy Partners LP (NYSEMKT:CQP) on Tuesday, November 3 with “Outperform” rating. The rating was maintained by Barclays Capital with “Overweight” on Monday, October 12. The stock of Cheniere Energy Partners LP (NYSEMKT:CQP) earned “Buy” rating by DA Davidson on Thursday, July 23. The stock has “Market Perform” rating given by Bernstein on Wednesday, May 11. As per Tuesday, September 6, the company rating was maintained by Barclays Capital.

According to Zacks Investment Research, “CHENIERE ENERGY PARTNERS, L.P. is a Delaware limited partnership recently formed by Cheniere Energy, Inc. through its wholly owned subsidiary, Sabine Pass LNG, L.P. CEP will develop, own and operate the Sabine Pass LNG receiving terminal currently under construction in western Cameron Parish, Louisiana on the Sabine Pass Channel. CEP’s primary business objectives are to complete construction of the Sabine Pass LNG receiving terminal and, thereafter, to generate stable cash flows sufficient to pay the initial quarterly distribution to the unitholders and, over time, to increase their quarterly cash distribution.”

More notable recent Cheniere Energy Partners LP (NYSEMKT:CQP) news were published by: Wsj.com which released: “Cheniere Energy Offers to Acquire Holding Company” on September 30, 2016, also Fool.com with their article: “Better Buy: Cheniere Energy, Inc. vs. Cheniere Energy Partners LP” published on June 01, 2016, Prnewswire.com published: “Cheniere Energy Partners, L.P. Reports Second Quarter 2016 Results” on August 09, 2016. More interesting news about Cheniere Energy Partners LP (NYSEMKT:CQP) were released by: Prnewswire.com and their article: “Cheniere Energy Partners, L.P. Reports Fourth Quarter and Full Year 2015 Results” published on February 19, 2016 as well as Prnewswire.com‘s news article titled: “Cheniere Energy Partners, L.P. Reports First Quarter 2016 Results” with publication date: May 05, 2016.

CQP Company Profile

Cheniere Energy Partners, L.P., incorporated on November 21, 2006, is a limited partnership formed by Cheniere Energy, Inc. The Firm operates in LNG terminal business segment. Through its subsidiary, Sabine Pass LNG, L.P. (SPLNG), the Company owns and operates the regasification facilities at the Sabine Pass LNG terminal located on the Sabine-Neches Waterway approximately four miles from the Gulf Coast. The Sabine Pass LNG terminal includes existing infrastructure of over five liquefied natural gas (LNG) storage tanks with capacity of approximately 16.9 billion cubic feet equivalent (Bcfe); over two docks that can accommodate vessels with nominal capacity of approximately 266,000 cubic meters, and vaporizers with regasification capacity of approximately four billion cubic feet per day (Bcf/d).

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