Cheniere Energy Partners (NYSE:CQP) Price Target Raised to $58.00

by · The Cerbat Gem

Cheniere Energy Partners (NYSE:CQP – Get Free Report) had its target price upped by analysts at JPMorgan Chase & Co. from $56.00 to $58.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 1.88% from the company’s previous close.

CQP has been the topic of several other research reports. Barclays boosted their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Stifel Nicolaus lowered Cheniere Energy Partners from a “hold” rating to a “sell” rating and boosted their price objective for the company from $50.00 to $51.00 in a research note on Friday, February 21st. Five equities research analysts have rated the stock with a sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $52.80.

Read Our Latest Report on Cheniere Energy Partners

Cheniere Energy Partners Trading Down 0.6 %

CQP stock traded down $0.39 during midday trading on Monday, hitting $59.11. The company’s stock had a trading volume of 13,581 shares, compared to its average volume of 208,334. The stock has a market cap of $28.61 billion, a PE ratio of 13.88 and a beta of 0.57. The company’s 50-day moving average is $62.10. Cheniere Energy Partners has a 1 year low of $46.71 and a 1 year high of $68.42.

Cheniere Energy Partners (NYSE:CQP – Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. Research analysts expect that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of institutional investors and hedge funds have recently made changes to their positions in CQP. Vermillion Wealth Management Inc. bought a new position in Cheniere Energy Partners in the 4th quarter worth about $29,000. Farther Finance Advisors LLC bought a new position in shares of Cheniere Energy Partners in the first quarter worth approximately $34,000. Valley National Advisers Inc. raised its stake in Cheniere Energy Partners by 30.1% in the fourth quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock valued at $71,000 after purchasing an additional 310 shares in the last quarter. IFP Advisors Inc raised its stake in Cheniere Energy Partners by 53.7% in the fourth quarter. IFP Advisors Inc now owns 1,825 shares of the company’s stock valued at $97,000 after purchasing an additional 638 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Cheniere Energy Partners by 64.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock valued at $135,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 46.55% of the company’s stock.

About Cheniere Energy Partners

(Get Free Report)

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.

See Also