As of Friday close, Cheniere Energy Partners L.P.’s (AMEX:CQP) stock was down -$1.28, moving down -2.27 percent to $55.23. The average number of shares traded per day over the past five days has been 661,800 shares. 4 times new highs have been achieved over the past 5 days, with a $2.16 gain in that time frame. In the last twenty days, the average volume was 263,770, while in the previous 50 days, it was 190,124.
Since last month, CQP stock rose 8.83%. Shares of the company fell to $50.00 on 08/25/23, the lowest level in the past month. A 52-week high of $61.09 was reached on 09/21/23 after having rallying from a 52-week low of $42.51. Since the beginning of this year, CQP’s stock price has dropped by -1.31% or -$1.64, and marked a new high 3 times. However, the stock has declined by -9.60% since its 52-week high.
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CQP stock investors should be aware that Cheniere Energy Partners L.P. (CQP) stock had its last reported insider trading activity 121 days ago on May 25. Grindal Corey, the EVP & Chief Operating Officer of the company, disposed of 7,649 shares for $45.93 on May 25. It resulted in a $351,304 divestment by the insider. Blackstone Holdings III L.P. added 8,772 shares at an average price of $47.46 on Apr 03. The insider now owns 6,004 shares following the transaction. On Apr 03, 10% Owner CQP ROCKIES PLATFORM LLC bought 8,772 shares at $47.46 apiece. The transaction was valued at $416,296.
Valuation Metrics
Right now, Cheniere Energy Partners L.P. (CQP) has a P/E ratio of about 7.37. The stock’s beta is 0.80. Besides these, the trailing price-to-sales (P/S) ratio of 1.84, the price-to-book (PB) ratio of 71.82.
Financial Health
Based on annual data, CQP earned $4.11 billion in gross profit and brought in $17.21 billion in revenue.
In Cheniere Energy Partners L.P.’s quarter-end financial report for June 29, it reported total debt of $15.6 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CQP’s revenue fell -116.3% to $2.92 billion during the quarter, while net income inched up to $1.93 billion. While analysts expected Cheniere Energy Partners L.P. to report $0.84 quarterly earnings, the actual figure was $0.84 per share. During the quarter, the company generated $993.0 million in EBITDA. The liabilities of Cheniere Energy Partners L.P. were 20.6 billion at the end of its most recent quarter ended June 29, and its total debt was $17.49 billion. The value of shareholders’ equity is $484.04 million.
Technical Picture
This quick technical analysis looks at Cheniere Energy Partners L.P.’s (CQP) price momentum. With a historical volatility rate of 33.83%, the RSI 9-day stood at 57.45% on 22 September.
With respect to its five-day moving average, the current Cheniere Energy Partners L.P. price is up by +4.07% percent or $2.16. At present, CQP shares trade +9.56% above its 20-day simple moving average and +20.80% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.85% above its SMA50 and -6.85% below its SMA200.
Stochastic coefficient K was 68.00% and Stochastic coefficient D was 80.52%, while ATR was 1.84. Given the Stochastic reading of 46.44% for the 14-day period, the RSI (14) reading has been calculated as 59.08%. As of today, the MACD Oscillator reading stands at 1.44, while the 14-day reading stands at 2.08.
Analyst Ratings
UBS upgraded its rating on Cheniere Energy Partners L.P. (AMEX: CQP) to a Buy in a note to investors on July 19, 2023. The analysts firm previously had a Neutral rating on the stock.Cheniere Energy Partners L.P. (CQP) has been rated Underweight by analysts. According to 6 brokerage firms, CQP is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Cheniere Energy Partners L.P. stock as buy, with 1 recommending it as overweight.
With a median target price of $52.00, the current consensus forecast for the stock is $43.00 – $71.00. Based on these forecasts, analysts predict Cheniere Energy Partners L.P. (CQP) will achieve an average price target of $52.55.
