Cheniere Energy Partners (NYSEAMERICAN:CQP) Stock Rating Lowered by The Goldman Sachs Group

Cheniere Energy Partners (NYSEAMERICAN:CQP) was downgraded by stock analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued on Thursday, Price Targets.com reports. They currently have a $45.00 target price on the energy company’s stock. The Goldman Sachs Group’s price target indicates a potential downside of 3.74% from the stock’s current price. The analysts noted that the move was a valuation call.

CQP has been the topic of several other research reports. Barclays downgraded shares of Cheniere Energy Partners from an “equal weight” rating to an “underweight” rating and set a $48.00 price objective on the stock. in a report on Tuesday, November 30th. Zacks Investment Research upgraded shares of Cheniere Energy Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Tuesday, October 19th. Finally, Wells Fargo & Company lowered their target price on shares of Cheniere Energy Partners from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Cheniere Energy Partners has an average rating of “Hold” and an average target price of $45.67.

Shares of CQP opened at $46.75 on Thursday. Cheniere Energy Partners has a one year low of $37.02 and a one year high of $48.30. The stock has a market capitalization of $22.63 billion, a PE ratio of 16.52 and a beta of 1.03. The company has a quick ratio of 1.30, a current ratio of 1.37 and a debt-to-equity ratio of 29.15.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last posted its quarterly earnings data on Thursday, November 4th. The energy company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.01. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $1.88 billion. Cheniere Energy Partners had a net margin of 18.75% and a return on equity of 274.31%. The business’s revenue for the quarter was up 136.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) EPS. On average, research analysts forecast that Cheniere Energy Partners will post 2.94 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. First Trust Advisors LP lifted its stake in shares of Cheniere Energy Partners by 3,271.4% in the 2nd quarter. First Trust Advisors LP now owns 1,939,337 shares of the energy company’s stock valued at $85,893,000 after purchasing an additional 1,881,814 shares during the last quarter. Morgan Stanley raised its holdings in shares of Cheniere Energy Partners by 21.0% in the 2nd quarter. Morgan Stanley now owns 1,502,658 shares of the energy company’s stock valued at $66,552,000 after buying an additional 261,203 shares during the period. Goldman Sachs Group Inc. increased its holdings in Cheniere Energy Partners by 36.1% during the 3rd quarter. Goldman Sachs Group Inc. now owns 870,034 shares of the energy company’s stock worth $35,384,000 after purchasing an additional 230,652 shares during the period. JPMorgan Chase & Co. increased its holdings in Cheniere Energy Partners by 15.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,250,789 shares of the energy company’s stock worth $55,397,000 after purchasing an additional 167,212 shares during the period. Finally, FMR LLC increased its holdings in Cheniere Energy Partners by 208.0% during the 2nd quarter. FMR LLC now owns 218,156 shares of the energy company’s stock worth $9,662,000 after purchasing an additional 147,319 shares during the period. Institutional investors and hedge funds own 46.27% of the company’s stock.

About Cheniere Energy Partners

Cheniere Energy Partners LP engages in the operations of liquefied natural gas. It also develops, constructs, and operates liquefaction facilities situated adjacent to the regasification facilities at the Sabine Pass Liquefied natural gas terminal. The company was founded in 2006 and is headquartered in Houston, TX.

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