Short Interest in Cheniere Energy Partners (CQH) Declines By 12.5%

Cheniere Energy Partners (NYSEAMERICAN:CQH) saw a large drop in short interest in March. As of March 29th, there was short interest totalling 692,004 shares, a drop of 12.5% from the March 15th total of 790,415 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 205,534 shares, the short-interest ratio is currently 3.4 days.

A number of research firms have commented on CQH. Citigroup lifted their target price on Cheniere Energy Partners from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, March 27th. Zacks Investment Research upgraded Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Morgan Stanley boosted their price objective on Cheniere Energy Partners from $26.00 to $28.50 and gave the company an “equal weight” rating in a research report on Thursday, February 22nd. Barclays set a $32.00 price objective on Cheniere Energy Partners and gave the company a “hold” rating in a research report on Monday, February 12th. Finally, US Capital Advisors downgraded Cheniere Energy Partners from an “overweight” rating to a “hold” rating in a research report on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $30.83.

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CQH opened at $27.90 on Friday. Cheniere Energy Partners has a one year low of $24.03 and a one year high of $29.73.

Cheniere Energy Partners (NYSEAMERICAN:CQH) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The firm had revenue of $105.54 million during the quarter, compared to analysts’ expectations of $119.95 million. Cheniere Energy Partners had a net margin of 99.47% and a return on equity of 150,656.80%.

Institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new stake in shares of Cheniere Energy Partners during the 3rd quarter valued at $205,000. Jane Street Group LLC purchased a new stake in shares of Cheniere Energy Partners during the 3rd quarter valued at $327,000. GSA Capital Partners LLP lifted its holdings in shares of Cheniere Energy Partners by 102.8% during the 3rd quarter. GSA Capital Partners LLP now owns 16,443 shares of the energy company’s stock valued at $412,000 after purchasing an additional 8,337 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Cheniere Energy Partners during the 4th quarter valued at $420,000. Finally, Susquehanna International Group LLP lifted its holdings in shares of Cheniere Energy Partners by 152.3% during the 3rd quarter. Susquehanna International Group LLP now owns 20,227 shares of the energy company’s stock valued at $507,000 after purchasing an additional 12,211 shares during the last quarter.

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About Cheniere Energy Partners

Cheniere Energy Partners LP Holdings, LLC, through its interest in Cheniere Energy Partners, L.P., develops, constructs, owns, and operates liquefied natural gas (LNG) regasification facilities at the Sabine Pass LNG terminal located on the Sabine-Neches Waterway. It also owns a 94-mile pipeline, which interconnects the Sabine Pass LNG terminal with various interstate pipelines.

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