Heavy Volume And Pre-Market Movement For Cheniere Energy Partners (CQP)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Cheniere Energy Partners ( CQP) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Cheniere Energy Partners as such a stock due to the following factors:

  • CQP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $14.2 million.
  • CQP traded 69,078 shares today in the pre-market hours as of 8:38 AM, representing 14.7% of its average daily volume.

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More details on CQP:

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 on the Sabine Pass deep water shipping channel, Louisiana. The stock currently has a dividend yield of 5.4%. Currently there are 4 analysts that rate Cheniere Energy Partners a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Cheniere Energy Partners has been 220,800 shares per day over the past 30 days. Cheniere Energy has a market cap of $1.8 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.27 and a short float of 2.1% with 1.45 days to cover. Shares are up 9.1% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Cheniere Energy Partners as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk.

Highlights from the ratings report include:
  • CQP's revenue growth has slightly outpaced the industry average of 6.4%. Since the same quarter one year prior, revenues slightly increased by 0.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
  • The gross profit margin for CHENIERE ENERGY PARTNERS LP is rather high; currently it is at 61.16%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -63.97% is in-line with the industry average.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, CHENIERE ENERGY PARTNERS LP's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to -$29.56 million or 443.91% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

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