Advertisement
U.S. markets open in 4 hours 6 minutes
  • S&P Futures

    5,210.75
    -4.00 (-0.08%)
     
  • Dow Futures

    39,200.00
    -23.00 (-0.06%)
     
  • Nasdaq Futures

    18,214.25
    -17.25 (-0.09%)
     
  • Russell 2000 Futures

    2,043.70
    -6.10 (-0.30%)
     
  • Crude Oil

    82.46
    -0.26 (-0.31%)
     
  • Gold

    2,155.80
    -8.50 (-0.39%)
     
  • Silver

    25.09
    -0.17 (-0.69%)
     
  • EUR/USD

    1.0851
    -0.0026 (-0.24%)
     
  • 10-Yr Bond

    4.3400
    0.0000 (0.00%)
     
  • Vix

    14.53
    +0.20 (+1.40%)
     
  • GBP/USD

    1.2686
    -0.0043 (-0.34%)
     
  • USD/JPY

    150.4400
    +1.3420 (+0.90%)
     
  • Bitcoin USD

    63,588.16
    -4,535.05 (-6.66%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,717.61
    -4.94 (-0.06%)
     
  • Nikkei 225

    40,003.60
    +263.20 (+0.66%)
     

Earnings Estimates Moving Higher for Cheniere Energy (CQP): Time to Buy?

Cheniere Energy Partners, L.P. CQP owns and operates regasification facilities that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.  

These positive earnings estimate revisions suggest that analysts are becoming more optimistic onCQP’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Cheniere Energy could be a solid choice for investors.

Current Quarter Estimates for CQP

In the past 30 days, two estimates have gone higher for Cheniere Energy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 23 cents a share 30 days ago, to 25 cents today, a move of 8.7%.

Current Year Estimates for CQP

Meanwhile, Cheniere Energy’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.21 per share 30 days ago to $1.24 per share today, an increase of 2.5%.  

Cheniere Energy Partners, LP Price and Consensus

 

Cheniere Energy Partners, LP Price and Consensus | Cheniere Energy Partners, LP Quote

Bottom Line

The stock has also started to move higher lately, adding 6.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Cheniere Energy Partners, LP (CQP): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Advertisement