Morgan Stanley Boosts Cheniere Energy Partners (CQP) Price Target to $35.00

Cheniere Energy Partners (NYSEAMERICAN:CQP) had its price objective lifted by equities researchers at Morgan Stanley from $33.00 to $35.00 in a research note issued to investors on Monday. The brokerage presently has an “equal weight” rating on the energy company’s stock. Morgan Stanley’s price objective indicates a potential upside of 15.97% from the company’s previous close.

A number of other brokerages have also recently commented on CQP. Zacks Investment Research upgraded Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Stifel Nicolaus began coverage on Cheniere Energy Partners in a report on Thursday, January 4th. They set a “hold” rating and a $30.00 target price for the company. BidaskClub upgraded Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, Royal Bank of Canada lowered their target price 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. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Cheniere Energy Partners currently has a consensus rating of “Hold” and an average price target of $34.00.

Cheniere Energy Partners (NYSEAMERICAN:CQP) traded up $0.74 during midday trading on Monday, hitting $30.18. The stock had a trading volume of 429,305 shares, compared to its average volume of 232,500. The stock has a market cap of $14,170.00, a PE ratio of 51.69 and a beta of 0.90. Cheniere Energy Partners has a fifty-two week low of $26.41 and a fifty-two week high of $33.47.

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

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

Several hedge funds and other institutional investors have recently modified their holdings of CQP. Allianz Asset Management GmbH acquired a new stake in shares of Cheniere Energy Partners during the 3rd quarter worth about $331,000. First Allied Advisory Services Inc. increased its position 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 buying an additional 8,160 shares during the period. Blackstone Group L.P. increased its position in Cheniere Energy Partners by 5,731.3% during the third quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock worth $5,834,629,000 after buying an additional 198,978,886 shares during the period. Jane Street Group LLC increased its position 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 buying an additional 3,953 shares during the period. Finally, California Public Employees Retirement System increased its position in Cheniere Energy Partners by 18.1% during the third quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock worth $1,116,000 after buying an additional 5,934 shares during the period.

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About Cheniere Energy Partners

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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