Cheniere Energy Partners (NYSE:CQP - Get Free Report) released its earnings results on Thursday. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.08), Zacks reports. Cheniere Energy Partners had a net margin of 32.76% and a negative return on equity of 292.75%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the business posted $0.84 EPS. The firm's quarterly revenue was down 3.4% on a year-over-year basis.
Cheniere Energy Partners Trading Down 1.4 %
Shares of NYSE CQP traded down $0.71 during mid-day trading on Friday, hitting $49.84. 196,097 shares of the stock were exchanged, compared to its average volume of 162,505. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $62.34. The firm has a market cap of $24.12 billion, a price-to-earnings ratio of 10.79 and a beta of 0.68.
Cheniere Energy Partners Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Monday, November 4th. Cheniere Energy Partners's payout ratio is 66.95%.
Wall Street Analysts Forecast Growth
Separately, Bank of America started coverage on shares of Cheniere Energy Partners in a research note on Thursday, October 17th. They issued an "underperform" rating and a $46.00 price objective for the company.
Check Out Our Latest Research Report on CQP
About Cheniere Energy Partners
(
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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.
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