Cheniere Energy Partners, L.P. (CQP) To Go Ex-Dividend on May 8th

Cheniere Energy Partners, L.P. (NYSE:CQP) declared a quarterly dividend on Monday, April 29th, Wall Street Journal reports. Stockholders of record on Thursday, May 9th will be given a dividend of 0.775 per share on Wednesday, May 15th. This represents a $3.10 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend is Wednesday, May 8th.

Cheniere Energy Partners has a payout ratio of 105.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Cheniere Energy Partners to earn $4.05 per share next year, which means the company may not be able to cover its $4.14 annual dividend with an expected future payout ratio of 102.2%.

Cheniere Energy Partners Price Performance

NYSE:CQP opened at $50.75 on Monday. The company’s 50-day simple moving average is $48.77. Cheniere Energy Partners has a fifty-two week low of $43.42 and a fifty-two week high of $62.34. The company has a market cap of $24.57 billion, a PE ratio of 10.96 and a beta of 0.68.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Friday, May 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the firm earned $3.50 EPS. Cheniere Energy Partners’s revenue for the quarter was down 21.3% compared to the same quarter last year. Equities analysts anticipate that Cheniere Energy Partners will post 3.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CQP has been the topic of a number of recent research reports. Stifel Nicolaus raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Barclays dropped their target price on Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating on the stock in a research report on Thursday, April 18th. Finally, UBS Group dropped their target price on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Cheniere Energy Partners currently has an average rating of “Hold” and an average price target of $47.80.

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.