Brokers Issue Forecasts for Cheniere Energy Partners LP’s FY2017 Earnings (CQP)

Cheniere Energy Partners LP (NYSEAMERICAN:CQP) – Stock analysts at US Capital Advisors dropped their FY2017 earnings per share (EPS) estimates for shares of Cheniere Energy Partners in a research report issued to clients and investors on Thursday. US Capital Advisors analyst J. Carreker now expects that the energy company will post earnings of ($0.84) per share for the year, down from their previous forecast of $1.41. US Capital Advisors also issued estimates for Cheniere Energy Partners’ Q4 2017 earnings at $0.38 EPS, Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.56 EPS and FY2018 earnings at $1.98 EPS.

Several other research firms have also recently issued reports on CQP. Zacks Investment Research cut Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, September 18th. Stifel Nicolaus initiated coverage on Cheniere Energy Partners in a research note on Thursday. They issued a “hold” rating and a $30.00 price target for the company. BidaskClub raised Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. Royal Bank of Canada decreased their price target on Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating for the company in a research note on Monday, October 16th. Finally, BMO Capital Markets initiated coverage on Cheniere Energy Partners in a research note on Monday, September 25th. They issued an “outperform” rating and a $32.00 price target for the company. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Cheniere Energy Partners presently has an average rating of “Hold” and a consensus price target of $33.63.

Shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) opened at $29.70 on Monday. Cheniere Energy Partners has a 52-week low of $26.41 and a 52-week high of $33.47. The firm has a market capitalization of $14,370.00, a price-to-earnings ratio of 51.21 and a beta of 0.97.

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

Hedge funds have recently made changes to their positions in the stock. Allianz Asset Management GmbH acquired a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at $331,000. First Allied Advisory Services Inc. boosted its position in shares of 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 purchasing an additional 8,160 shares during the period. Blackstone Group L.P. boosted its position in shares of 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 purchasing an additional 198,978,886 shares during the period. Jane Street Group LLC boosted its position in shares of 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 purchasing an additional 3,953 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of 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 purchasing an additional 5,934 shares during the period.

In other news, Director Jamie Welch bought 8,654 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was acquired at an average price of $27.50 per share, with a total value of $237,985.00. Following the completion of the purchase, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $237,985. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Cqp Common Holdco L. Blackstone bought 25,466 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were purchased at an average cost of $28.61 per share, with a total value of $728,582.26. The disclosure for this purchase can be found here. Insiders have purchased 838,701 shares of company stock valued at $24,581,185 in the last ninety days.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.com-unik.info/2018/01/08/brokers-issue-forecasts-for-cheniere-energy-partners-lps-fy2017-earnings-cqp.html.

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.

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit