Advertisement
New Zealand markets close in 6 hours 29 minutes
  • NZX 50

    11,775.19
    -89.70 (-0.76%)
     
  • NZD/USD

    0.6140
    -0.0031 (-0.50%)
     
  • ALL ORDS

    7,974.80
    -27.70 (-0.35%)
     
  • OIL

    78.50
    +0.05 (+0.06%)
     
  • GOLD

    2,346.10
    -3.00 (-0.13%)
     

Why Cheniere Energy Partners, L.P. (CQP) is a Top Momentum Stock for the Long-Term

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Is This 1 Momentum Stock a Screaming Buy Right Now?

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.

ADVERTISEMENT

Cheniere Energy Partners, L.P. (CQP)

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 is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of B. Shares are up 1.9% over the past one week and up 3.1% over the past four weeks. CQP has gained 5.6% in the last one-year period as well. Looking at trading volume, an average of 195,244.95 shares exchanged hands over the last 20 trading days.

Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.56 to $4.36 per share. CQP boasts an average earnings surprise of 28.8%.

CQP should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.

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, L.P. (CQP) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research