Cheniere Energy Partners (NYSE:CQP) Stock Price Expected to Rise, Barclays Analyst Says

Cheniere Energy Partners (NYSE:CQP) had its target price upped by research analysts at Barclays from $55.00 to $60.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s price target indicates a potential downside of 1.74% from the company’s previous close.

A number of other research firms have also recently commented on CQP. Bank of America decreased their target price on shares of Cheniere Energy Partners from $53.00 to $51.00 and set an “underperform” rating for the company in a research report on Thursday, December 11th. Zacks Research lowered Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Morgan Stanley lowered their price objective on Cheniere Energy Partners from $71.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 24th. Weiss Ratings raised Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Citigroup decreased their price target on Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating for the company in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, Cheniere Energy Partners presently has a consensus rating of “Strong Sell” and a consensus target price of $54.83.

Cheniere Energy Partners Price Performance

Shares of CQP stock opened at $61.07 on Friday. The stock’s 50-day moving average is $56.35 and its 200 day moving average is $54.38. Cheniere Energy Partners has a 1-year low of $49.53 and a 1-year high of $68.42. The company has a market cap of $29.56 billion, a P/E ratio of 11.81 and a beta of 0.42.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results on Wednesday, February 25th. The company reported $2.38 EPS for the quarter, beating the consensus estimate of $1.11 by $1.27. Cheniere Energy Partners had a net margin of 27.76% and a negative return on equity of 664.33%. The business had revenue of $2.91 billion during the quarter. During the same period in the previous year, the company posted $1.05 earnings per share. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, analysts anticipate that Cheniere Energy Partners will post 4.14 EPS for the current year.

Institutional Trading of Cheniere Energy Partners

A number of institutional investors and hedge funds have recently made changes to their positions in CQP. NewEdge Advisors LLC increased its stake in Cheniere Energy Partners by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 9,717 shares of the company’s stock worth $642,000 after buying an additional 300 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Cheniere Energy Partners by 1,863.4% in the first quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company’s stock worth $464,000 after acquiring an additional 6,671 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Cheniere Energy Partners by 4.8% during the second quarter. Envestnet Asset Management Inc. now owns 14,179 shares of the company’s stock worth $795,000 after purchasing an additional 647 shares in the last quarter. Corps Capital Advisors LLC raised its stake in Cheniere Energy Partners by 11.2% in the 2nd quarter. Corps Capital Advisors LLC now owns 10,452 shares of the company’s stock valued at $586,000 after purchasing an additional 1,052 shares during the last quarter. Finally, Disciplined Investors L.L.C. lifted its holdings in Cheniere Energy Partners by 174.0% in the 2nd quarter. Disciplined Investors L.L.C. now owns 8,446 shares of the company’s stock valued at $473,000 after purchasing an additional 5,364 shares in the last quarter. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.