UBS Group Trims Cheniere Energy Partners (NYSE:CQP) Target Price to $50.00

Cheniere Energy Partners (NYSE:CQP) had its price target dropped by stock analysts at UBS Group from $53.00 to $50.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 4.65% from the stock’s current price.

Several other brokerages have also recently weighed in on CQP. Stifel Nicolaus raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Barclays dropped their price objective on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a report on Thursday, April 18th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Cheniere Energy Partners currently has a consensus rating of “Hold” and an average target price of $47.80.

Cheniere Energy Partners Stock Performance

NYSE CQP traded down $0.19 during trading hours on Wednesday, reaching $47.78. 45,889 shares of the company’s stock were exchanged, compared to its average volume of 191,795. The business’s fifty day simple moving average is $49.44. The company has a market cap of $23.13 billion, a PE ratio of 6.87 and a beta of 0.68. Cheniere Energy Partners has a one year low of $43.42 and a one year high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.25. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. On average, equities analysts forecast that Cheniere Energy Partners will post 3.56 earnings per share for the current fiscal year.

Institutional Trading of Cheniere Energy Partners

Hedge funds have recently added to or reduced their stakes in the company. Baystate Wealth Management LLC purchased a new position in Cheniere Energy Partners during the fourth quarter worth about $25,000. Creekmur Asset Management LLC acquired a new position in Cheniere Energy Partners in the 4th quarter valued at about $25,000. Lee Financial Co increased its stake in shares of Cheniere Energy Partners by 535.9% during the 4th quarter. Lee Financial Co now owns 1,170 shares of the company’s stock valued at $58,000 after acquiring an additional 986 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Cheniere Energy Partners by 34.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,388 shares of the company’s stock worth $72,000 after acquiring an additional 353 shares during the period. Finally, NBC Securities Inc. purchased a new position in shares of Cheniere Energy Partners during the 3rd quarter valued at approximately $115,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.