Is it time to Buy before this week’s earning report Cheniere Energy Partners (NYSEAMERICAN:CQP)

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Earnings results for Cheniere Energy Partners (NYSEAMERICAN:CQP)

Cheniere Energy Partners, LP is expected* to report earnings on 02/24/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.68. The reported EPS for the same quarter last year was $0.87.

Analyst Opinion on Cheniere Energy Partners (NYSEAMERICAN:CQP)

13 Wall Street analysts have issued ratings and price targets for Cheniere Energy Partners in the last 12 months. Their average twelve-month price target is $36.35, predicting that the stock has a possible downside of 11.02%. The high price target for CQP is $41.50 and the low price target for CQP is $31.00. There are currently 2 sell ratings, 8 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Cheniere Energy Partners has received a consensus rating of Hold. The company’s average rating score is 2.08, and is based on 3 buy ratings, 8 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $36.35, Cheniere Energy Partners has a forecasted downside of 11.0% from its current price of $40.85. Cheniere Energy Partners has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Cheniere Energy Partners (NYSEAMERICAN:CQP)

Cheniere Energy Partners is a leading dividend payer. It pays a dividend yield of 6.41%, putting its dividend yield in the top 25% of dividend-paying stocks. Cheniere Energy Partners has only been increasing its dividend for 4 years. The dividend payout ratio of Cheniere Energy Partners is 116.44%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Cheniere Energy Partners will have a dividend payout ratio of 106.50% in the coming year. This indicates that Cheniere Energy Partners may not be able to sustain their current dividend.

Insiders buying/selling: Cheniere Energy Partners (NYSEAMERICAN:CQP)

In the past three months, Cheniere Energy Partners insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $1,481,905.00 in company stock and sold $0.00 in company stock. 46.56% of the stock of Cheniere Energy Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Cheniere Energy Partners (NYSEAMERICAN:CQP

Earnings for Cheniere Energy Partners are expected to grow by 8.37% in the coming year, from $2.27 to $2.46 per share. The P/E ratio of Cheniere Energy Partners is 16.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 33.33. The P/E ratio of Cheniere Energy Partners is 16.95, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 26.27. Cheniere Energy Partners has a P/B Ratio of 28.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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