Cheniere Energy Partners LP (CQP) Receives $35.00 Consensus Target Price from Analysts
Cheniere Energy Partners LP (NYSE:CQP) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $35.00.
Several research analysts recently commented on CQP shares. Zacks Investment Research downgraded shares of Cheniere Energy Partners from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Scotiabank set a $34.00 price target on shares of Cheniere Energy Partners and gave the stock a “hold” rating in a research note on Saturday, July 22nd. Guggenheim started coverage on shares of Cheniere Energy Partners in a research note on Monday, April 17th. They issued a “neutral” rating and a $36.00 price target on the stock. TheStreet downgraded shares of Cheniere Energy Partners from a “b-” rating to a “c+” rating in a research note on Friday, May 5th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $34.00 price target (up previously from $32.00) on shares of Cheniere Energy Partners in a research note on Wednesday, April 19th.
Shares of Cheniere Energy Partners (NYSE:CQP) traded up 0.45% during mid-day trading on Friday, hitting $29.20. 240,849 shares of the company traded hands. The stock’s market capitalization is $9.86 billion. Cheniere Energy Partners has a 1-year low of $25.97 and a 1-year high of $33.47. The firm’s 50 day moving average price is $31.06 and its 200-day moving average price is $31.47.
Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Thursday, May 4th. The company reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by $0.11. The firm had revenue of $891 million during the quarter, compared to analysts’ expectations of $425.16 million. Cheniere Energy Partners had a net margin of 5.27% and a return on equity of 42.56%. On average, equities research analysts forecast that Cheniere Energy Partners will post $2.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Tuesday, August 1st will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date is Friday, July 28th.
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A number of hedge funds and other institutional investors have recently bought and sold shares of CQP. Kayne Anderson Capital Advisors LP increased its position in Cheniere Energy Partners by 489.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 809,960 shares of the company’s stock worth $26,158,000 after buying an additional 672,660 shares during the period. Bank of Montreal Can boosted its stake in Cheniere Energy Partners by 179.7% in the second quarter. Bank of Montreal Can now owns 535,699 shares of the company’s stock worth $17,356,000 after buying an additional 344,177 shares in the last quarter. Eagle Global Advisors LLC boosted its stake in Cheniere Energy Partners by 23.4% in the first quarter. Eagle Global Advisors LLC now owns 1,790,886 shares of the company’s stock worth $57,864,000 after buying an additional 339,600 shares in the last quarter. FMR LLC boosted its stake in Cheniere Energy Partners by 31.0% in the first quarter. FMR LLC now owns 761,461 shares of the company’s stock worth $24,603,000 after buying an additional 180,000 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in Cheniere Energy Partners during the first quarter worth $5,329,000.
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.
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