Cheniere Energy Partners, L.P. (NYSE:CQP) Given Consensus Recommendation of “Strong Sell” by Brokerages

Shares of Cheniere Energy Partners, L.P. (NYSE:CQPGet Free Report) have been given an average rating of “Strong Sell” by the nine ratings firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $60.4286.

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Cheniere Energy Partners from $55.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, March 23rd. Barclays raised their target price on Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a research report on Friday, February 27th. Weiss Ratings cut Cheniere Energy Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Wells Fargo & Company reduced their target price on Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating for the company in a research report on Friday, March 13th. Finally, Royal Bank Of Canada raised their target price on Cheniere Energy Partners from $58.00 to $62.00 and gave the stock a “sector perform” rating in a research report on Friday, March 6th.

Get Our Latest Research Report on Cheniere Energy Partners

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new position in Cheniere Energy Partners in the third quarter worth $7,357,000. Exchange Traded Concepts LLC lifted its position in Cheniere Energy Partners by 103.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 76,218 shares of the company’s stock worth $4,076,000 after purchasing an additional 38,784 shares during the period. Founders Capital Management raised its stake in Cheniere Energy Partners by 87.2% during the third quarter. Founders Capital Management now owns 41,737 shares of the company’s stock worth $2,246,000 after acquiring an additional 19,446 shares in the last quarter. Hussman Strategic Advisors Inc. raised its stake in Cheniere Energy Partners by 100.0% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the company’s stock worth $2,246,000 after acquiring an additional 21,000 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Cheniere Energy Partners by 2.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,784,925 shares of the company’s stock worth $149,885,000 after acquiring an additional 68,599 shares in the last quarter. 46.55% of the stock is owned by institutional investors.

Cheniere Energy Partners Stock Up 1.2%

CQP opened at $65.32 on Wednesday. Cheniere Energy Partners has a 1-year low of $49.53 and a 1-year high of $70.64. The company has a current ratio of 0.42, a quick ratio of 0.37 and a debt-to-equity ratio of 161.69. The stock has a market capitalization of $31.62 billion, a price-to-earnings ratio of 15.26 and a beta of 0.32. The business has a 50 day moving average of $63.41 and a 200-day moving average of $59.66.

Cheniere Energy Partners (NYSE:CQPGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($1.03). Cheniere Energy Partners had a net margin of 22.27% and a negative return on equity of 4,929.80%. The business had revenue of $3.60 billion during the quarter. During the same period last year, the company earned $1.08 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cheniere Energy Partners will post 4.13 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were given a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Friday, May 8th. Cheniere Energy Partners’s dividend payout ratio (DPR) is 72.43%.

About Cheniere Energy Partners

(Get Free Report)

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.

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Analyst Recommendations for Cheniere Energy Partners (NYSE:CQP)

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