Cheniere Energy Partners (CQH) Downgraded to Sector Perform at Royal Bank of Canada

Cheniere Energy Partners (NYSEAMERICAN:CQH) was downgraded by investment analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a report issued on Friday, Marketbeat.com reports.

A number of other equities research analysts also recently weighed in on CQH. US Capital Advisors reiterated a “hold” rating on shares of Cheniere Energy Partners in a research report on Tuesday, July 17th. Zacks Investment Research upgraded shares of Cheniere Energy Partners from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. downgraded shares of Cheniere Energy Partners from an “overweight” rating to a “neutral” rating in a research report on Tuesday, May 15th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $31.38.

CQH stock traded down $0.49 during mid-day trading on Friday, hitting $29.75. 1,360 shares of the company were exchanged, compared to its average volume of 183,756. Cheniere Energy Partners has a 1-year low of $24.03 and a 1-year high of $33.59.

Cheniere Energy Partners (NYSEAMERICAN:CQH) last issued its quarterly earnings data on Thursday, August 9th. The energy company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). The company had revenue of $131.93 million for the quarter, compared to analyst estimates of $136.74 million. Cheniere Energy Partners had a return on equity of 150,656.80% and a net margin of 99.47%.

A number of large investors have recently made changes to their positions in the stock. Janus Henderson Group PLC bought a new position in Cheniere Energy Partners in the second quarter valued at approximately $292,000. GSA Capital Partners LLP increased its stake in Cheniere Energy Partners by 122.3% in the second quarter. GSA Capital Partners LLP now owns 62,557 shares of the energy company’s stock valued at $1,967,000 after acquiring an additional 34,421 shares during the last quarter. Tortoise Index Solutions LLC increased its stake in Cheniere Energy Partners by 12.4% in the second quarter. Tortoise Index Solutions LLC now owns 20,655 shares of the energy company’s stock valued at $650,000 after acquiring an additional 2,280 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Cheniere Energy Partners in the second quarter valued at approximately $8,897,000. Finally, CIBC Private Wealth Group LLC increased its stake in Cheniere Energy Partners by 30.6% in the second quarter. CIBC Private Wealth Group LLC now owns 4,249,599 shares of the energy company’s stock valued at $133,650,000 after acquiring an additional 994,890 shares during the last quarter.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners LP Holdings, LLC, through its interest in Cheniere Energy Partners, L.P., develops, constructs, owns, and operates liquefied natural gas (LNG) regasification facilities at the Sabine Pass LNG terminal located on the Sabine-Neches Waterway. It also owns a 94-mile pipeline, which interconnects the Sabine Pass LNG terminal with various interstate pipelines.

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Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQH)

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