Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP) Receives Consensus Rating of “Hold” from Analysts

Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQPGet Rating) has been given an average rating of “Hold” by the ten brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $52.00.

A number of research analysts recently issued reports on CQP shares. Wells Fargo & Company downgraded Cheniere Energy Partners from an “equal weight” rating to an “underweight” rating and set a $55.00 price target on the stock. in a research note on Tuesday, May 31st. They noted that the move was a valuation call. Royal Bank of Canada raised their price target on Cheniere Energy Partners from $55.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 11th. US Capital Advisors upgraded Cheniere Energy Partners from an “underweight” rating to a “hold” rating in a research note on Tuesday, July 26th. Barclays raised their price target on Cheniere Energy Partners from $45.00 to $48.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 16th. Finally, Evercore ISI raised Cheniere Energy Partners from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $54.00 to $55.00 in a research report on Thursday, August 11th.

Institutional Trading of Cheniere Energy Partners

Several hedge funds have recently modified their holdings of CQP. Whittier Trust Co. lifted its holdings in shares of Cheniere Energy Partners by 364.6% in the 1st quarter. Whittier Trust Co. now owns 446 shares of the energy company’s stock valued at $25,000 after buying an additional 350 shares during the period. CENTRAL TRUST Co lifted its holdings in shares of Cheniere Energy Partners by 125.0% in the 1st quarter. CENTRAL TRUST Co now owns 450 shares of the energy company’s stock valued at $25,000 after buying an additional 250 shares during the period. DB Wealth Management Group LLC acquired a new stake in shares of Cheniere Energy Partners in the 1st quarter valued at approximately $25,000. CoreCap Advisors LLC acquired a new stake in shares of Cheniere Energy Partners in the 2nd quarter valued at approximately $26,000. Finally, CWM LLC acquired a new stake in shares of Cheniere Energy Partners in the 1st quarter valued at approximately $34,000. 46.25% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Partners Trading Down 2.0 %

CQP opened at $54.10 on Monday. The stock has a market capitalization of $26.19 billion, a PE ratio of 18.09 and a beta of 0.85. The company has a current ratio of 1.64, a quick ratio of 1.51 and a debt-to-equity ratio of 23.92. Cheniere Energy Partners has a one year low of $38.00 and a one year high of $61.91.

Cheniere Energy Partners (NYSEAMERICAN:CQPGet Rating) last released its quarterly earnings results on Thursday, August 4th. The energy company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.65). The firm had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Cheniere Energy Partners had a return on equity of 270.04% and a net margin of 17.27%. The company’s quarterly revenue was up 121.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. On average, analysts expect that Cheniere Energy Partners will post 3.52 earnings per share for the current year.

Cheniere Energy Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Thursday, August 4th were issued a $0.285 dividend. The ex-dividend date was Wednesday, August 3rd. This represents a $1.14 annualized dividend and a dividend yield of 2.11%. Cheniere Energy Partners’s dividend payout ratio is currently 103.68%.

Cheniere Energy Partners Company Profile

(Get Rating)

Cheniere Energy Partners LP engages in the operations of liquefied natural gas. It also develops, constructs, and operates liquefaction facilities situated adjacent to the regasification facilities at the Sabine Pass Liquefied natural gas terminal. The company was founded in 2006 and is headquartered in Houston, TX.

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Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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