Cheniere Energy Partners, L.P. (NYSE:CQP) Receives Consensus Recommendation of “Strong Sell” from Analysts

by · The Markets Daily

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP – Get Free Report) have received a consensus rating of “Strong Sell” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $60.4286.

CQP has been the subject of several recent analyst reports. Citigroup increased their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock a “sell” rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. increased their price objective on Cheniere Energy Partners from $57.00 to $63.00 and gave the stock an “underweight” rating in a research note on Friday, March 27th. Zacks Research upgraded Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Wells Fargo & Company lowered their target price on Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating for the company in a research note on Friday, March 13th. Finally, Bank of America raised their target price on Cheniere Energy Partners from $51.00 to $57.00 and gave the company an “underperform” rating in a research note on Friday, March 20th.

Read Our Latest Research Report on CQP

Cheniere Energy Partners Stock Performance

Cheniere Energy Partners stock opened at $65.32 on Wednesday. The company has a debt-to-equity ratio of 161.69, a current ratio of 0.42 and a quick ratio of 0.37. The stock has a fifty day moving average price of $63.41 and a two-hundred day moving average price of $59.66. Cheniere Energy Partners has a 52-week low of $49.53 and a 52-week high of $70.64. The firm has a market capitalization of $31.62 billion, a P/E ratio of 15.26 and a beta of 0.32.

Cheniere Energy Partners (NYSE:CQP – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($1.03). Cheniere Energy Partners had a negative return on equity of 4,929.80% and a net margin of 22.27%.The company had revenue of $3.60 billion for the quarter. During the same period in the prior year, the company earned $1.08 EPS. Cheniere Energy Partners’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, analysts anticipate that Cheniere Energy Partners will post 4.13 EPS for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were paid a $0.775 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.7%. Cheniere Energy Partners’s dividend payout ratio (DPR) is 72.43%.

Institutional Trading of Cheniere Energy Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. increased its stake in shares of Cheniere Energy Partners by 3.7% in the fourth quarter. Alps Advisors Inc. now owns 9,338,942 shares of the company’s stock valued at $499,447,000 after buying an additional 336,946 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cheniere Energy Partners by 2.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,784,925 shares of the company’s stock valued at $149,885,000 after buying an additional 68,599 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in shares of Cheniere Energy Partners by 37.6% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 1,092,866 shares of the company’s stock valued at $58,446,000 after buying an additional 298,566 shares in the last quarter. Energy Income Partners LLC increased its stake in shares of Cheniere Energy Partners by 3.0% in the third quarter. Energy Income Partners LLC now owns 1,046,437 shares of the company’s stock valued at $56,319,000 after buying an additional 30,172 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Cheniere Energy Partners by 24.1% in the fourth quarter. Clearbridge Investments LLC now owns 611,873 shares of the company’s stock valued at $32,723,000 after buying an additional 118,782 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Partners Company Profile

(Get Free Report)

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.

Recommended Stories