Cheniere Energy Partners (CQP) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) in a research note released on Thursday morning, Marketbeat Ratings reports. The brokerage issued a hold rating and a $30.00 price target on the energy company’s stock.

CQP has been the topic of a number of other research reports. BidaskClub raised Cheniere Energy Partners from a strong sell rating to a sell rating in a report on Tuesday, November 7th. Royal Bank of Canada lowered their price objective on Cheniere Energy Partners from $35.00 to $32.00 and set an outperform rating on the stock in a report on Monday, October 16th. Zacks Investment Research lowered Cheniere Energy Partners from a hold rating to a strong sell rating in a report on Monday, September 18th. Finally, BMO Capital Markets began coverage on Cheniere Energy Partners in a report on Monday, September 25th. They set an outperform rating and a $32.00 price objective on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $33.63.

Shares of Cheniere Energy Partners (CQP) opened at $29.70 on Thursday. The firm has a market capitalization of $14,370.00, a PE ratio of 51.21 and a beta of 0.97. Cheniere Energy Partners has a one year low of $26.41 and a one year high of $33.47.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($1.56). The company had revenue of $903.00 million for the quarter, compared to analyst estimates of $1.14 billion. Cheniere Energy Partners had a net margin of 2.55% and a return on equity of 19.48%.

In other Cheniere Energy Partners news, major shareholder Gso Holdings I. Llc bought 228,535 shares of the stock in a transaction on Friday, December 28th. The shares were purchased at an average price of $29.63 per share, with a total value of $6,771,492.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Group L.P. Blackstone bought 459,823 shares of the stock in a transaction on Friday, December 29th. The stock was acquired at an average cost of $29.56 per share, for a total transaction of $13,592,367.88. The disclosure for this purchase can be found here. Insiders acquired a total of 838,701 shares of company stock worth $24,581,185 in the last ninety days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH acquired a new stake in Cheniere Energy Partners in the 3rd quarter valued at approximately $331,000. First Allied Advisory Services Inc. grew its holdings in Cheniere Energy Partners by 45.0% in the 3rd quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock valued at $759,000 after buying an additional 8,160 shares during the last quarter. California Public Employees Retirement System grew its holdings in Cheniere Energy Partners by 18.1% in the 3rd quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock valued at $1,116,000 after buying an additional 5,934 shares during the last quarter. Jane Street Group LLC grew its holdings in Cheniere Energy Partners by 7.7% in the 3rd quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock valued at $1,587,000 after buying an additional 3,953 shares during the last quarter. Finally, Blackstone Group L.P. grew its holdings in Cheniere Energy Partners by 5,731.3% in the 3rd quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock valued at $5,834,629,000 after buying an additional 198,978,886 shares during the last quarter.

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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.

Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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