Cheniere Energy Partners (CQH) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Cheniere Energy Partners (NYSEAMERICAN:CQH) from a hold rating to a sell rating in a report released on Wednesday.

According to Zacks, “Cheniere Energy Partners LP Holdings, LLC owns and operates liquefied natural gas terminal. The terminal has regasification facilities. Cheniere Energy Partners LP Holdings, LLC is based in Houston, Texas. “

A number of other equities analysts also recently commented on CQH. Morgan Stanley lifted their target price on Cheniere Energy Partners from $22.00 to $23.00 and gave the company an equal weight rating in a research note on Friday, November 17th. BidaskClub downgraded Cheniere Energy Partners from a sell rating to a strong sell rating in a research note on Wednesday, September 13th. Finally, US Capital Advisors downgraded Cheniere Energy Partners from an overweight rating to a hold rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $26.00.

Shares of Cheniere Energy Partners (CQH) traded up $0.27 during trading on Wednesday, reaching $28.15. The company had a trading volume of 62,257 shares, compared to its average volume of 119,511. The company has a market capitalization of $6,520.00, a price-to-earnings ratio of 351.88 and a beta of 1.03. Cheniere Energy Partners has a 1 year low of $22.31 and a 1 year high of $28.76.

Cheniere Energy Partners (NYSEAMERICAN:CQH) last announced its quarterly earnings data on Tuesday, November 14th. The energy company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.31). The company had revenue of $5.08 million during the quarter, compared to analysts’ expectations of $104.60 million.

A number of hedge funds have recently modified their holdings of CQH. Atlantic Trust Group LLC boosted its stake in Cheniere Energy Partners by 9.1% in the third quarter. Atlantic Trust Group LLC now owns 2,110,957 shares of the energy company’s stock valued at $52,943,000 after acquiring an additional 175,993 shares during the period. Jane Street Group LLC acquired a new position in Cheniere Energy Partners in the third quarter valued at approximately $327,000. Susquehanna International Group LLP boosted its stake in Cheniere Energy Partners by 152.3% in the third quarter. Susquehanna International Group LLP now owns 20,227 shares of the energy company’s stock valued at $507,000 after acquiring an additional 12,211 shares during the period. California Public Employees Retirement System boosted its stake in Cheniere Energy Partners by 39.6% in the third quarter. California Public Employees Retirement System now owns 34,201 shares of the energy company’s stock valued at $858,000 after acquiring an additional 9,701 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in Cheniere Energy Partners by 102.8% in the third quarter. GSA Capital Partners LLP now owns 16,443 shares of the energy company’s stock valued at $412,000 after acquiring an additional 8,337 shares during the period.

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About Cheniere Energy Partners

Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings) is a limited liability company. The Company’s business consists of owning and holding Cheniere Energy Patners, L.P. (Cheniere Partners) limited partner common units, Class B units and subordinated units (collectively, the Cheniere Partners units), along with cash or other property that it receives as distributions in respect of such units.

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