Cheniere Energy Partners (NYSE:CQP – Get Free Report) had its price target increased by analysts at JPMorgan Chase & Co. from $63.00 to $64.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 3.62% from the company’s previous close.
A number of other equities analysts have also recently commented on the stock. Weiss Ratings raised shares of Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Barclays raised their price target on Cheniere Energy Partners from $60.00 to $63.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. Finally, Citigroup increased their target price on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock a “sell” rating in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $61.00.
Cheniere Energy Partners Trading Up 0.7%
Cheniere Energy Partners (NYSE:CQP – Get Free Report) last released its quarterly earnings results 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). The company had revenue of $3.60 billion for the quarter. Cheniere Energy Partners had a net margin of 22.27% and a negative return on equity of 4,929.80%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. As a group, equities analysts forecast that Cheniere Energy Partners will post 4.2 earnings per share for the current year.
Institutional Investors Weigh In On Cheniere Energy Partners
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of Cheniere Energy Partners by 68.3% in the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after buying an additional 205 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Cheniere Energy Partners by 1.9% in the first quarter. Janney Montgomery Scott LLC now owns 11,451 shares of the company’s stock valued at $740,000 after acquiring an additional 215 shares in the last quarter. Powell Investment Advisors LLC raised its holdings in shares of Cheniere Energy Partners by 1.4% in the first quarter. Powell Investment Advisors LLC now owns 18,050 shares of the company’s stock valued at $1,167,000 after acquiring an additional 250 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in Cheniere Energy Partners by 6.8% in the third quarter. Kestra Private Wealth Services LLC now owns 4,333 shares of the company’s stock worth $233,000 after acquiring an additional 275 shares during the period. Finally, Blair William & Co. IL boosted its stake in shares of Cheniere Energy Partners by 7.0% during the third quarter. Blair William & Co. IL now owns 4,600 shares of the company’s stock valued at $248,000 after purchasing an additional 300 shares in the last quarter. 46.55% of the stock is owned by institutional investors.
Cheniere Energy Partners Company Profile
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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