Shares of Cheniere Energy Partners LP (NYSEAMERICAN:CQP) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $33.86.
Several brokerages have commented on CQP. TheStreet upgraded Cheniere Energy Partners from a “c” rating to a “b” rating in a report on Monday, March 19th. Morgan Stanley increased their price objective on Cheniere Energy Partners from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Citigroup increased their price objective on Cheniere Energy Partners from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, March 27th. Barclays set a $35.00 price objective on Cheniere Energy Partners and gave the company a “hold” rating in a research report on Monday, February 12th. Finally, Stifel Nicolaus assumed coverage on Cheniere Energy Partners in a research report on Thursday, January 4th. They issued a “hold” rating and a $30.00 price objective for the company.
Several hedge funds and other institutional investors have recently modified their holdings of CQP. Allianz Asset Management GmbH bought a new position in shares of Cheniere Energy Partners during the third quarter valued at $331,000. First Allied Advisory Services Inc. increased its stake in shares of Cheniere Energy Partners by 45.0% in the third quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock valued at $759,000 after buying an additional 8,160 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Cheniere Energy Partners by 7.7% in the third quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock valued at $1,587,000 after buying an additional 3,953 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Cheniere Energy Partners by 18.1% in the third quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock valued at $1,116,000 after buying an additional 5,934 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Cheniere Energy Partners by 19.5% in the fourth quarter. Bank of Montreal Can now owns 769,937 shares of the energy company’s stock valued at $22,821,000 after buying an additional 125,694 shares in the last quarter.
NYSEAMERICAN:CQP traded up $0.21 during mid-day trading on Friday, reaching $29.65. The stock had a trading volume of 52,659 shares, compared to its average volume of 226,090. Cheniere Energy Partners has a fifty-two week low of $26.41 and a fifty-two week high of $33.47.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.37. Cheniere Energy Partners had a return on equity of 266.18% and a net margin of 24.64%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.31 billion.
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Cheniere Energy Partners Company Profile
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
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