Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Headquartered in Houston, TX, Cheniere Energy Partners, L.P. is the owner and operator of regasification units at the Sabine Pass LNG terminal, located in Cameron Parish, LA. It provides clean, secure, and affordable LNG to several entities, comprising utilities as well as integrated energy firms, all around the world. The Sabine Pass LNG terminal is North America’s first large-scale liquefied gas export facility. The publicly-traded Delaware limited partnership was formed in 2006 by Cheniere Energy, Inc.
CQP sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is down 1.1% and up 11.4% over the past one-week and four-week period, respectively, and Cheniere Energy Partners, L.P. has gained 9.3% in the last one-year period as well. Additionally, an average of 135,903.09 shares were traded over the last 20 trading sessions.
A company's earnings performance is important for momentum investors as well. For fiscal 2024, three analysts revised their earnings estimate higher in the last 60 days for CQP, while the Zacks Consensus Estimate has increased $0.04 to $4.29 per share. CQP also boasts an average earnings surprise of 17%.
Investors should take the time to consider CQP for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Cheniere Energy Partners, L.P. (CQP) : Free Stock Analysis Report
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