Barclays Trims Cheniere Energy Partners (NYSE:CQP) Target Price to $45.00

Cheniere Energy Partners (NYSE:CQP) had its target price dropped by equities research analysts at Barclays from $51.00 to $45.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s target price points to a potential downside of 3.54% from the company’s current price.

Separately, Stifel Nicolaus upgraded Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.20.

Cheniere Energy Partners Stock Down 0.0 %

Cheniere Energy Partners stock opened at $46.65 on Thursday. The company has a 50-day moving average price of $49.55. Cheniere Energy Partners has a 12 month low of $43.42 and a 12 month high of $62.34. The company has a market capitalization of $22.58 billion, a P/E ratio of 6.71 and a beta of 0.68.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Thursday, February 22nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.71 by $0.25. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. On average, equities research analysts forecast that Cheniere Energy Partners will post 3.56 EPS for the current year.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. lifted its position in shares of Cheniere Energy Partners by 13.1% during the 3rd quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock valued at $376,776,000 after acquiring an additional 802,824 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Cheniere Energy Partners by 26.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,913,342 shares of the company’s stock valued at $103,684,000 after buying an additional 401,548 shares during the period. Invesco Ltd. increased its position in Cheniere Energy Partners by 170.2% in the 3rd quarter. Invesco Ltd. now owns 391,808 shares of the company’s stock valued at $21,232,000 after buying an additional 246,808 shares in the last quarter. Clearbridge Investments LLC raised its stake in Cheniere Energy Partners by 24.1% during the 1st quarter. Clearbridge Investments LLC now owns 949,727 shares of the company’s stock worth $53,527,000 after buying an additional 184,500 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Cheniere Energy Partners by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 615,067 shares of the company’s stock worth $30,624,000 after acquiring an additional 167,567 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.