Cheniere Energy Rises On Unusually High Volume (CQP)

NEW YORK ( TheStreet) -- Cheniere Energy Partners (AMEX: CQP) is trading at unusually high volume Wednesday with 869,540 shares changing hands. It is currently at 4.1 times its average daily volume and trading up 62 cents (+4.1%) at $15.82 as of 11:15 a.m. ET.

Cheniere Energy has a market cap of $407.7 million and is part of the basic materials sector and energy industry. Shares are down 29% year to date as of the close of trading on Tuesday.

Cheniere Energy Partners, L.P., through its subsidiary, Sabine Pass LNG, L.P., owns and operates the Sabine Pass liquid natural gas (LNG) receiving terminal in western Cameron Parish, Louisiana on the Sabine Pass Channel. The company has a P/E ratio of 8.9, below the average energy industry P/E ratio of 60.6 and below 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 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 feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. You can view the full Cheniere Energy Ratings Report.

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