While Cheniere Energy Partners LP has overperformed by 2.78%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CQP rose by 17.29%, with highs and lows ranging from $63.01 to $45.41, whereas the simple moving average jumped by 23.77% in the last 200 days.
On October 17, 2024, BofA Securities started tracking Cheniere Energy Partners LP (NYSE: CQP) recommending Underperform. A report published by Bernstein on June 24, 2024, Initiated its previous ‘Mkt Perform’ rating for CQP. Goldman initiated its ‘Sell’ rating for CQP, as published in its report on October 06, 2023. UBS’s report from July 19, 2023 suggests a price prediction of $57 for CQP shares, giving the stock a ‘Buy’ rating. Wolfe Research also rated the stock as ‘Underperform’.
Analysis of Cheniere Energy Partners LP (CQP)
A return on investment can be expected regardless of CQP’s performance over the next quarter with the dividend set at $3.21 per share. Further, the quarter-over-quarter decrease in sales is -3.43%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Cheniere Energy Partners LP’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 165.05% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.61, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CQP is recording an average volume of 169.79K. On a monthly basis, the volatility of the stock is set at 3.19%, whereas on a weekly basis, it is put at 3.80%, with a gain of 2.74% over the past seven days. Furthermore, long-term investors anticipate a median target price of $53.92, showing decline from the present price of $63.29, which can serve as yet another indication of whether CQP is worth investing in or should be passed over.
How Do You Analyze Cheniere Energy Partners LP Shares?
A leading company in the Oil & Gas Midstream sector, Cheniere Energy Partners LP (CQP) is based in the USA. When comparing Cheniere Energy Partners LP shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 16.50, there is a growth in quarterly earnings of -8.68%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 49.67%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 46.25% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CQP shares are owned by institutional investors to the tune of 46.25% at present.
