What is Zacks Research’s Estimate for CQP FY2027 Earnings?

Cheniere Energy Partners (NYSE:CQP) – Equities research analysts at Zacks Research dropped their FY2027 EPS estimates for shares of Cheniere Energy Partners in a report issued 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.

Several other equities analysts also recently commented on CQP. Stifel Nicolaus downgraded shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating and upped their price objective for the company from $50.00 to $51.00 in a report on Friday, February 21st. Wells Fargo & Company increased their price target on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th. Finally, Barclays lifted their price target on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th.

Cheniere Energy Partners Price Performance

Shares of NYSE CQP opened at $63.73 on Friday. Cheniere Energy Partners has a 12 month low of $45.51 and a 12 month high of $68.42. The business’s 50 day simple moving average is $63.38. The company has a market cap of $30.85 billion, a P/E ratio of 14.96 and a beta of 0.57.

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

Institutional Investors Weigh In On Cheniere Energy Partners

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC bought a new position in Cheniere Energy Partners during the 4th quarter worth $273,000. Vermillion Wealth Management Inc. bought a new position in shares of Cheniere Energy Partners in the fourth quarter worth $29,000. Montchanin Asset Management LLC increased its position in shares of Cheniere Energy Partners by 2.6% in the fourth quarter. Montchanin Asset Management LLC now owns 20,015 shares of the company’s stock worth $1,063,000 after purchasing an additional 500 shares during the period. Quantinno Capital Management LP acquired a new position in Cheniere Energy Partners in the fourth quarter valued at about $347,000. Finally, McGowan Group Asset Management Inc. lifted its position in Cheniere Energy Partners by 0.3% during the fourth quarter. McGowan Group Asset Management Inc. now owns 239,305 shares of the company’s stock worth $12,712,000 after purchasing an additional 735 shares during the period. 46.55% of the stock is currently owned by institutional investors and hedge funds.

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 represents a $3.10 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. Cheniere Energy Partners’s dividend payout ratio is presently 72.77%.

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.