$33.88 – $35.41: Is it good range for Cheniere Energy Partners L.P. (CQP)


Cheniere Energy Partners L.P. (AMEX:CQP) changes shares on Monday trading session, with a change of 3.98% or $1.35 shares. The trading starts at $33.88 and closed at $33.88 throughout the day. The trading session low price was $33.88 and day high was $35.41 on Monday, August 03. After the session, the Energy sector daily volume shifted to 0.19 million while its average volume is 329.45K. In other hand, the CQP market cap reached to $17.15B. While, its current target price is $36.33.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 4.70% and up 3.04% for month. Its quarterly performance was 4.54% above, while its half year performance is down -8.68%. CQP yearly performance stood at negative -20.92% and fall -11.50% for year-to-date. Current recommendation for Cheniere Energy Partners L.P. is 2.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CQP EPS (TTM) for 12-month is 2.34. EPS for this year is -10.20%, while for the next year its value is 2.19. Its EPS Q/Q reached 11.80%. It has an EPS of 31.20% up for past five years and for the next five years will be down -4.70%.

Let’s take a look on the analyst recommendations on CQP for the current month and previous month. For the current month, 3 of 18 analysts recommend stock as Buy while 2 as Sell, 1 as overweight, 0 as underweight and 12 as Hold. As compared with the previous month ratings, 18 analysts participate in stock recommendation. Out of 18, 2 rated it sell, 3 rated it as Buy and 11 as Hold Ratings. On the other hand, target price ranges from $29.00 – $45.00. Average target price for CQP was reached at $36.06.

Blackstone Group Inc., Alps Advisors Inc. and Mirae Asset Global Investments Co., Ltd. are the top three holders in Cheniere Energy Partners L.P. (CQP) stock. On Mar 30, 2020, Blackstone Group Inc. has 205.61 million shares which valued 5.55 billion. On Mar 30, 2020, Alps Advisors Inc. owned 5.26 million shares which valued at 141.97 million. On Mar 30, 2020, Mirae Asset Global Investments Co., Ltd. has a total of 1.36 million shares which valued at 36.78 million. In the end, Mirae Asset Global Investments Co., Ltd. have 0.39% shares outstanding of Cheniere Energy Partners L.P. (CQP) on Mar 30, 2020. The insider ownership moved to 29.98% and institutional holding shifted to 64.90%.

The company posted an EPS (TTM) of 2.34. According to the most recent quarter report on (Jun 2020), 13 analysts estimated an average EPS of 0.64, while 0.44 EPS posted a year ago period. Analyst Estimated EPS for CQP published in the report was $0.45 – $1.07 during the same period. Comparing with last year, the average estimated EPS was 0.44 which is lower than 0.84 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CQP fall -1.92% for period of 200 days. SMA for 50 days was -0.67% which is showing red signal, while SMA-20 was 3.18%. The moving average value for Cheniere Energy Partners L.P. (CQP) is 33.39 and 35.37 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CQP stock. On Mar 23, Blackstone CQP Common Holdco L, 10% Owner, bought 156,792 trading shares at the cost of $21.85, which valued at 3.43 million. On Mar 23, GSO Holdings I LLC, 10% Owner, bought 156,792 shares at the cost of $21.85, with total shares of 2,250,419. On Mar 20, GSO Holdings I LLC, 10% Owner, bought 166,310 shares at the cost of 21.66. After this transaction, GSO Holdings I LLC total shares reached to 2,093,627 which valued at 3.6 million.