CQP Stock Summary and Trading Ideas (Cheniere Energy Partners | NYSE:CQP)

Cheniere Energy Partners is the direct owner of the Sabine Pass LNG terminals as well as regasification facilities. It also owns the Creole Trail Pipeline, which connects the terminal to third-party gas suppliers. Cheniere Partners shares in the marketing fees generated by Cheniere Marketing from Sabine Pass marketed gas volumes.

Cheniere Energy Partners trades on the NYSE stock market under the symbol CQP.

As of May 9, 2024, CQP stock price climbed to $49.90 with 39,097 million shares trading.

CQP has a beta of 0.07, meaning it tends to be less sensitive to market movements. CQP has a correlation of 0.00 to the broad based SPY ETF.

CQP has a market cap of $24.15 billion. This is considered a Large Cap stock.

Last quarter Cheniere Energy Partners reported $2 billion in Revenue and $1.18 earnings per share. This beat revenue expectation by $45 million and exceeded earnings estimates by $.21.

In the last 3 years, CQP stock traded as high as $62.34 and as low as $38.00.

The top ETF exchange traded funds that CQP belongs to (by Net Assets): AMLP, MLPA, AMZA, EMLP, MLPX.

CQP has underperformed the market in the last year with a return of +19.6%, while the SPY ETF gained +27.4%. In the last 3 month period, CQP fell short of the market, returning +1.8%, while SPY returned +4.5%. However, in the most recent 2 weeks CQP has outperformed the stock market by returning +5.3%, while SPY returned +2.7%.

CQP support price is $48.64 and resistance is $50.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CQP stock will trade within this expected range on the day.