Cheniere Energy Partners (NYSE:CQP) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Cheniere Energy Partners (NYSE:CQP - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by ($0.02), Zacks reports. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.37 billion.

Cheniere Energy Partners Price Performance

Shares of CQP traded up $2.01 during trading hours on Monday, reaching $64.06. 129,947 shares of the company's stock traded hands, compared to its average volume of 262,748. The company has a market cap of $31.01 billion, a price-to-earnings ratio of 15.04 and a beta of 0.76. The stock has a fifty day simple moving average of $58.78. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $66.47.

Cheniere Energy Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were given a $0.775 dividend. This is a boost from Cheniere Energy Partners's previous quarterly dividend of $0.04. This represents a $3.10 annualized dividend and a yield of 4.84%. The ex-dividend date was Monday, February 10th. Cheniere Energy Partners's dividend payout ratio (DPR) is currently 72.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CQP. Wells Fargo & Company lifted their target price on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an "underweight" rating in a research note on Wednesday, December 18th. Barclays upped their price objective on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an "underweight" rating in a research note on Thursday, January 16th. Finally, Stifel Nicolaus cut Cheniere Energy Partners from a "hold" rating to a "sell" rating and raised their target price for the company from $50.00 to $51.00 in a research note on Friday.

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.