Research Analysts’ Recent Ratings Changes for Cheniere Energy Partners (CQP)

Several brokerages have updated their recommendations and price targets on shares of Cheniere Energy Partners (NYSEAMERICAN: CQP) in the last few weeks:

  • 2/12/2018 – Cheniere Energy Partners was given a new $35.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 2/12/2018 – Cheniere Energy Partners had its price target raised by analysts at Morgan Stanley from $33.00 to $35.00. They now have an “equal weight” rating on the stock.
  • 2/5/2018 – Cheniere Energy Partners was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CHENIERE ENERGY PARTNERS, L.P. is a Delaware limited partnership recently formed by Cheniere Energy, Inc. through its wholly owned subsidiary, Sabine Pass LNG, L.P. CEP will develop, own and operate the Sabine Pass LNG receiving terminal currently under construction in western Cameron Parish, Louisiana on the Sabine Pass Channel. CEP’s primary business objectives are to complete construction of the Sabine Pass LNG receiving terminal and, thereafter, to generate stable cash flows sufficient to pay the initial quarterly distribution to the unitholders and, over time, to increase their quarterly cash distribution. “
  • 1/30/2018 – Cheniere Energy Partners was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CHENIERE ENERGY PARTNERS, L.P. is a Delaware limited partnership recently formed by Cheniere Energy, Inc. through its wholly owned subsidiary, Sabine Pass LNG, L.P. CEP will develop, own and operate the Sabine Pass LNG receiving terminal currently under construction in western Cameron Parish, Louisiana on the Sabine Pass Channel. CEP’s primary business objectives are to complete construction of the Sabine Pass LNG receiving terminal and, thereafter, to generate stable cash flows sufficient to pay the initial quarterly distribution to the unitholders and, over time, to increase their quarterly cash distribution. “
  • 1/8/2018 – Cheniere Energy Partners was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “CHENIERE ENERGY PARTNERS, L.P. is a Delaware limited partnership recently formed by Cheniere Energy, Inc. through its wholly owned subsidiary, Sabine Pass LNG, L.P. CEP will develop, own and operate the Sabine Pass LNG receiving terminal currently under construction in western Cameron Parish, Louisiana on the Sabine Pass Channel. CEP’s primary business objectives are to complete construction of the Sabine Pass LNG receiving terminal and, thereafter, to generate stable cash flows sufficient to pay the initial quarterly distribution to the unitholders and, over time, to increase their quarterly cash distribution. “
  • 1/4/2018 – Cheniere Energy Partners is now covered by analysts at Stifel Nicolaus. They set a “hold” rating and a $30.00 price target on the stock.

Cheniere Energy Partners LP (NYSEAMERICAN:CQP) opened at $30.18 on Tuesday. Cheniere Energy Partners LP has a twelve month low of $26.41 and a twelve month high of $33.47. The firm has a market capitalization of $14,170.00, a price-to-earnings ratio of 52.03 and a beta of 0.90.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.10) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $903.00 million for the quarter, compared to the consensus estimate of $1.14 billion.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Friday, February 2nd will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 1st. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.44. This represents a $2.00 annualized dividend and a dividend yield of 6.63%. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 344.83%.

In other Cheniere Energy Partners news, Director Jamie Welch acquired 8,654 shares of Cheniere Energy Partners stock in a transaction that occurred on Wednesday, December 20th. The stock was bought at an average cost of $27.50 per share, for a total transaction of $237,985.00. Following the acquisition, 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 Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Cqp Common Holdco L. Blackstone acquired 25,466 shares of Cheniere Energy Partners stock in a transaction that occurred on Tuesday, December 26th. The stock was acquired at an average price of $28.61 per share, with a total value of $728,582.26. The disclosure for this purchase can be found here. Insiders have bought 838,701 shares of company stock valued at $24,581,185 over the last 90 days.

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.

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