US Capital Advisors Weighs in on Cheniere Energy Partners LP’s Q2 2019 Earnings (CQP)

Cheniere Energy Partners LP (NYSEAMERICAN:CQP) – Research analysts at US Capital Advisors issued their Q2 2019 EPS estimates for shares of Cheniere Energy Partners in a research note issued on Wednesday, January 16th. US Capital Advisors analyst C. Crosby anticipates that the energy company will earn $0.71 per share for the quarter. US Capital Advisors also issued estimates for Cheniere Energy Partners’ Q3 2019 earnings at $0.68 EPS and Q4 2019 earnings at $0.71 EPS.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its quarterly earnings results on Thursday, November 8th. The energy company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.45 billion.

Other analysts have also issued reports about the company. UBS Group began coverage on Cheniere Energy Partners in a research note on Thursday, January 3rd. They set a “neutral” rating and a $38.00 price target on the stock. Citigroup set a $41.00 target price on Cheniere Energy Partners and gave the company a “buy” rating in a research report on Thursday, November 29th. Zacks Investment Research cut Cheniere Energy Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 8th. Credit Suisse Group started coverage on Cheniere Energy Partners in a research report on Thursday, October 11th. They set an “underperform” rating on the stock. Finally, Goldman Sachs Group began coverage on Cheniere Energy Partners in a research note on Monday, October 8th. They set a “neutral” rating and a $41.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Cheniere Energy Partners presently has an average rating of “Hold” and a consensus price target of $39.60.

CQP stock opened at $39.98 on Friday. Cheniere Energy Partners has a fifty-two week low of $27.79 and a fifty-two week high of $40.56.

A number of institutional investors have recently modified their holdings of CQP. IFP Advisors Inc purchased a new stake in shares of Cheniere Energy Partners during the 3rd quarter worth $100,000. Winslow Evans & Crocker Inc. purchased a new stake in shares of Cheniere Energy Partners in the third quarter valued at about $108,000. Wagner Wealth Management LLC purchased a new position in shares of Cheniere Energy Partners during the third quarter valued at approximately $126,000. Captrust Financial Advisors acquired a new position in Cheniere Energy Partners during the third quarter worth approximately $182,000. Finally, HRT Financial LLC acquired a new position in Cheniere Energy Partners during the third quarter worth approximately $253,000.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.

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