Cheniere Energy Partners LP (NYSEAMERICAN:CQP) major shareholder Group L.P. Blackstone purchased 116,223 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was purchased at an average price of $27.97 per share, for a total transaction of $3,250,757.31. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Cheniere Energy Partners LP (NYSEAMERICAN CQP) traded up $0.51 during trading on Thursday, hitting $29.26. 592,300 shares of the stock were exchanged, compared to its average volume of 231,958. The company has a market cap of $13,670.00, a P/E ratio of 50.45 and a beta of 0.97. Cheniere Energy Partners LP has a fifty-two week low of $26.41 and a fifty-two week high of $33.47.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last announced its earnings results on Tuesday, November 14th. The energy company reported ($1.10) EPS for the quarter, missing the consensus estimate of $0.46 by ($1.56). The firm had revenue of $903.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Cheniere Energy Partners had a return on equity of 19.48% and a net margin of 2.55%.
A number of analysts recently weighed in on CQP shares. Royal Bank of Canada reduced their target price on shares of Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, October 16th. BMO Capital Markets started coverage on shares of Cheniere Energy Partners in a research note on Monday, September 25th. They issued an “outperform” rating and a $32.00 price objective for the company. BidaskClub raised shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research lowered shares of Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Cheniere Energy Partners currently has an average rating of “Hold” and an average target price of $34.14.
About Cheniere Energy Partners
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.
What are top analysts saying about Cheniere Energy Partners? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cheniere Energy Partners and related companies.