Cheniere Energy Partners, L.P. (NYSE:CQP) Given Average Rating of “Strong Sell” by Analysts

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have been given an average rating of “Strong Sell” by the six research firms that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation and one has given a hold recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $54.60.

Several equities analysts recently issued reports on CQP shares. Barclays lowered their price objective on Cheniere Energy Partners from $56.00 to $55.00 and set an “underweight” rating on the stock in a research report on Thursday, August 14th. Wells Fargo & Company decreased their target price on shares of Cheniere Energy Partners from $61.00 to $56.00 and set an “underweight” rating for the company in a research note on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Cheniere Energy Partners in a research note on Wednesday, October 8th.

Institutional Investors Weigh In On Cheniere Energy Partners

Hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC raised its stake in Cheniere Energy Partners by 10.6% during the 1st quarter. Cerity Partners LLC now owns 21,024 shares of the company’s stock valued at $1,388,000 after buying an additional 2,016 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Cheniere Energy Partners by 1.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,249 shares of the company’s stock valued at $1,073,000 after buying an additional 303 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Cheniere Energy Partners by 65.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,499 shares of the company’s stock valued at $561,000 after buying an additional 3,364 shares during the last quarter. Alps Advisors Inc. raised its stake in Cheniere Energy Partners by 16.6% during the 1st quarter. Alps Advisors Inc. now owns 9,019,585 shares of the company’s stock valued at $595,653,000 after buying an additional 1,283,564 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Cheniere Energy Partners by 5.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,864 shares of the company’s stock valued at $784,000 after acquiring an additional 598 shares during the period. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Partners Trading Down 1.8%

CQP stock opened at $53.41 on Tuesday. The stock has a market capitalization of $25.85 billion, a PE ratio of 12.96 and a beta of 0.37. Cheniere Energy Partners has a 12-month low of $48.00 and a 12-month high of $68.42. The stock’s 50 day simple moving average is $53.28 and its 200 day simple moving average is $55.71.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.05). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.21 billion. Cheniere Energy Partners had a net margin of 24.62% and a negative return on equity of 503.86%. The firm’s revenue was up 29.6% on a year-over-year basis. On average, research analysts predict that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.