Cheniere Energy Partners LP (NYSE:CQP) received a $34.00 price objective from equities research analysts at Scotiabank in a report released on Saturday, July 22nd. The brokerage presently has a “hold” rating on the stock. Scotiabank’s target price points to a potential upside of 19.26% from the stock’s current price.
Several other equities analysts also recently commented on CQP. Zacks Investment Research downgraded Cheniere Energy Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Guggenheim initiated coverage on Cheniere Energy Partners in a research report on Monday, April 17th. They issued a “neutral” rating and a $36.00 price objective on the stock. Barclays PLC reaffirmed an “overweight” rating and issued a $34.00 price objective (up previously from $32.00) on shares of Cheniere Energy Partners in a research report on Wednesday, April 19th. TheStreet cut Cheniere Energy Partners from a “b-” rating to a “c+” rating in a report on Friday, May 5th. Finally, Sanford C. Bernstein began coverage on Cheniere Energy Partners in a report on Tuesday, May 16th. They issued a “positive” rating and a $38.00 target price for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.
Shares of Cheniere Energy Partners (CQP) opened at 28.51 on Friday. The stock’s market cap is $9.63 billion. Cheniere Energy Partners has a 52 week low of $25.97 and a 52 week high of $33.47. The company has a 50-day moving average price of $30.55 and a 200-day moving average price of $31.43.
Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($3.71) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $4.19. The business had revenue of $992 million during the quarter, compared to the consensus estimate of $771.91 million. Cheniere Energy Partners had a net margin of 5.27% and a return on equity of 42.56%. Equities analysts anticipate that Cheniere Energy Partners will post $2.11 EPS for the current year.
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Several large investors have recently modified their holdings of the company. Fifth Third Bancorp purchased a new stake in shares of Cheniere Energy Partners during the first quarter valued at $185,000. Investment House LLC purchased a new stake in shares of Cheniere Energy Partners during the first quarter valued at $217,000. Virtu KCG Holdings LLC purchased a new stake in shares of Cheniere Energy Partners during the second quarter valued at $225,000. Advisor Group Inc. boosted its stake in shares of Cheniere Energy Partners by 1.6% in the second quarter. Advisor Group Inc. now owns 9,228 shares of the company’s stock valued at $299,000 after buying an additional 149 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Cheniere Energy Partners by 0.7% in the second quarter. Janney Montgomery Scott LLC now owns 9,256 shares of the company’s stock valued at $300,000 after buying an additional 63 shares in the last quarter.
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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