At the time of writing, Cheniere Energy Partners LP [CQP] stock is trading at $57.07, up 2.98%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CQP shares have gain 7.44% over the last week, with a monthly amount drifted -1.50%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cheniere Energy Partners LP [NYSE: CQP] stock has seen the most recent analyst activity on October 17, 2024, when BofA Securities initiated its Underperform rating and assigned the stock a price target of $46. On February 22, 2024, upgrade upgraded it’s rating to Hold. Stifel downgraded its rating to a Sell but stick to its price target of $53 on November 03, 2023. UBS upgraded its rating to Buy for this stock on July 19, 2023, but kept the price target unchanged to $57. In a note dated June 01, 2023, Wolfe Research downgraded an Underperform rating on this stock but restated the target price of $43.
For the past year, the stock price of Cheniere Energy Partners LP fluctuated between $45.41 and $59.40. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. Cheniere Energy Partners LP [NYSE: CQP] shares were valued at $57.07 at the most recent close of the market. An investor can expect a potential drop of -19.4% based on the average CQP price forecast.
Analyzing the CQP fundamentals
According to Cheniere Energy Partners LP [NYSE:CQP], the company’s sales were 8.93B for trailing twelve months, which represents an -3.43% plunge. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 35.58 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-24.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 55.80 points at the first support level, and at 54.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.71, and for the 2nd resistance point, it is at 58.34.
Ratios To Look Out For
It is important to note that Cheniere Energy Partners LP [NYSE:CQP] has a current ratio of 0.69. Further, the Quick Ratio stands at 0.61, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 3.09, the price to book ratio is 17.24 and price to earnings (TTM) ratio is 14.88.
