Cheniere Energy Partners (CQP) PT Set at $35.00 by Barclays

Cheniere Energy Partners (NYSEAMERICAN:CQP) has been given a $35.00 price target by equities research analysts at Barclays in a report issued on Monday. The firm currently has a “hold” rating on the energy company’s stock. Barclays’ price target indicates a potential upside of 16.78% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Morgan Stanley increased their target price on Cheniere Energy Partners from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday. Zacks Investment Research raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Stifel Nicolaus assumed coverage on Cheniere Energy Partners in a report on Thursday, January 4th. They issued a “hold” rating and a $30.00 target price for the company. Royal Bank of Canada dropped their price target on Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, October 16th. Finally, BidaskClub raised Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $34.00.

Shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) traded up $0.53 on Monday, hitting $29.97. The stock had a trading volume of 82,576 shares, compared to its average volume of 220,439. Cheniere Energy Partners has a fifty-two week low of $26.41 and a fifty-two week high of $33.47. The firm has a market cap of $14,170.00, a PE ratio of 51.69 and a beta of 0.90.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its earnings results on Tuesday, November 14th. The energy company reported ($1.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($1.56). Cheniere Energy Partners had a return on equity of 19.48% and a net margin of 2.55%. The company had revenue of $903.00 million during the quarter, compared to analyst estimates of $1.14 billion.

In other news, Director Jamie Welch bought 8,654 shares of the stock in a transaction dated Wednesday, December 20th. The stock was bought at an average cost of $27.50 per share, with a total value of $237,985.00. Following the purchase, the director now owns 8,654 shares of the company’s stock, valued at $237,985. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Cqp Common Holdco L. Blackstone bought 25,466 shares of the stock in a transaction dated Tuesday, December 26th. The stock was purchased at an average cost of $28.61 per share, with a total value of $728,582.26. The disclosure for this purchase can be found here. Insiders have purchased a total of 838,701 shares of company stock valued at $24,581,185 over the last ninety days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blackstone Group L.P. increased its stake in shares of Cheniere Energy Partners by 5,731.3% in the 3rd quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock valued at $5,834,629,000 after buying an additional 198,978,886 shares during the period. First Allied Advisory Services Inc. lifted its holdings in Cheniere Energy Partners by 45.0% during the third quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock worth $759,000 after acquiring an additional 8,160 shares in the last quarter. Allianz Asset Management GmbH bought a new position in Cheniere Energy Partners during the third quarter worth about $331,000. Jane Street Group LLC lifted its holdings in Cheniere Energy Partners by 7.7% during the third quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock worth $1,587,000 after acquiring an additional 3,953 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its holdings in Cheniere Energy Partners by 4.8% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 220,000 shares of the energy company’s stock worth $6,521,000 after acquiring an additional 10,000 shares in the last quarter.

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Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.

Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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