Cheniere Energy Partners L.P. stock trades under the ticker CQP & has shown recent bullishness that traders & investors should take a closer look into.
CQP stock closed at $54.40/share on 5/25/2022.
Cheniere Energy Partners L.P. CQP Stock’s Technicals Broken Down
CQP Stock Price: $54.40
10 Day Moving Average: $52.24
50 Day Moving Average: $53.10
200 Day Moving Average: $45.24
RSI: 54.4
MACD: -0.308
Yesterday, CQP stock completed a bullish MACD crossover, while breaking out above its 50 day moving average.
Despite trading on lighter than average volume, they look to have more near-term momentum, as their RSI is neutral & they have completed 4 consecutive days of gains.
They will need to break above the $54.44, $54.54 & $55.23/share resistance levels as they continue to climb higher.
Cheniere Energy Partners L.P. CQP Stock As A Long-Term Investment
Long-term oriented investors will like CQP stock’s P/E (ttm) of 22.6, but may be weary of their P/B (mrq).
They recently reported 69.5% Quarterly Revenue Growth Y-o-Y, although -54.2% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $1.16B in Total Cash (mrq) & $17.28B in Total Debt (mrq).
CQP stock’s 5.39% dividend yield may not be sustainable in the long-run, as their payout ratio is reported >100%.
47.1% of CQP stock’s outstanding share float is owned by institutional investors.
Cheniere Energy Partners L.P. CQP Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from CQP stock’s price movements, while hedging against broader market volatility.
I am looking at the contracts with the 6/17 expiration date.
The $48, $49 & $50 call options all look appealing, although they have relatively low levels of open interest.
The $60 & $55 puts are the only strike prices with open interest that are in-the-money, and are very illiquid.
Tying It All Together
CQP stock has many interesting attributes that make it worth considering as an addition to your portfolio.
Investors will like their P/E, however they may want to look closer into their balance sheet to see how debt may play a role in their size of their dividend in the years to come.
Traders will like their current momentum, but may be disappointed by the low levels of open interest of their options contracts.
Overall, CQP stock is worth taking a closer look into to see if it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF CQP STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***