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Cheniere Energy Stock Falls On Unusually High Volume (CQP)

By TheStreet Wire 06/04/12 - 02:39 PM EDT

Find out if (CQP) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Cheniere Energy Partners (AMEX:CQP) is trading at unusually high volume Monday with 1.1 million shares changing hands. It is currently at four times its average daily volume and trading down $2.91 (-12.7%) at $19.99 as of 2:15 p.m. ET.

Cheniere Energy has a market cap of $731 million and is part of the basic materials sector and energy industry. Shares are up 29.7% year to date as of the close of trading on Friday.

Cheniere Energy Partners, L.P., through its subsidiary, Sabine Pass LNG, L.P., owns and operates the Sabine Pass liquefied natural gas (LNG) terminal located in western Cameron Parish, Louisiana on the Sabine Pass Channel. The company has a P/E ratio of 129.9, above the average energy industry P/E ratio of 20.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cheniere Energy as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full Cheniere Energy Ratings Report.

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