Cheniere Energy Partners, L.P. (NYSE:CQP) Receives $60.43 Consensus PT from Brokerages

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have received a consensus recommendation of “Strong Sell” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $60.4286.

Several equities analysts have commented on CQP shares. Citigroup raised their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the company a “sell” rating in a research report on Thursday, April 2nd. Royal Bank Of Canada raised their price objective on Cheniere Energy Partners from $58.00 to $62.00 and gave the company a “sector perform” rating in a research report on Friday, March 6th. Barclays lifted their price target on Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a research report on Friday, February 27th. Wells Fargo & Company lowered their price target on Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating for the company in a research report on Friday, March 13th. Finally, Morgan Stanley lifted their price target on Cheniere Energy Partners from $55.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Monday, March 23rd.

Cheniere Energy Partners Stock Performance

Shares of Cheniere Energy Partners stock opened at $58.57 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.37 and a debt-to-equity ratio of 161.69. The firm has a market capitalization of $28.35 billion, a P/E ratio of 13.69 and a beta of 0.32. The business has a fifty day simple moving average of $63.18 and a two-hundred day simple moving average of $60.01. Cheniere Energy Partners has a 12 month low of $49.53 and a 12 month high of $70.64.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $1.22 by ($1.03). The firm had revenue of $3.60 billion for the quarter. Cheniere Energy Partners had a net margin of 22.27% and a negative return on equity of 4,929.80%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 earnings per share. On average, equities analysts forecast that Cheniere Energy Partners will post 4.19 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were given a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Friday, May 8th. Cheniere Energy Partners’s payout ratio is currently 72.43%.

Hedge Funds Weigh In On Cheniere Energy Partners

Several large investors have recently modified their holdings of CQP. NewEdge Advisors LLC raised its position in shares of Cheniere Energy Partners by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 9,717 shares of the company’s stock worth $642,000 after purchasing an additional 300 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Cheniere Energy Partners by 1,863.4% in the 1st quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company’s stock worth $464,000 after purchasing an additional 6,671 shares during the last quarter. Creative Planning raised its position in shares of Cheniere Energy Partners by 18.4% in the 2nd quarter. Creative Planning now owns 5,326 shares of the company’s stock worth $299,000 after purchasing an additional 826 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Cheniere Energy Partners by 180.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after purchasing an additional 306 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Cheniere Energy Partners by 1.2% in the 2nd quarter. Bank of America Corp DE now owns 319,717 shares of the company’s stock worth $17,920,000 after purchasing an additional 3,659 shares during the last quarter. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Company Profile

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.