Cheniere Energy Partners (NYSE:CQP - Get Free Report) had its price objective hoisted by analysts at Bank of America from $50.00 to $53.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an "underperform" rating on the stock. Bank of America's price target would indicate a potential downside of 4.11% from the stock's previous close.
CQP has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the company an "underweight" rating in a report on Monday, April 28th. Barclays boosted their price objective on Cheniere Energy Partners from $54.00 to $56.00 and gave the stock an "underweight" rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company raised their price objective on shares of Cheniere Energy Partners from $59.00 to $61.00 and gave the company an "underweight" rating in a research note on Wednesday. Five investment analysts have rated the stock with a sell rating, According to MarketBeat.com, Cheniere Energy Partners presently has an average rating of "Reduce" and an average target price of $55.80.
Read Our Latest Analysis on CQP
Cheniere Energy Partners Price Performance
Shares of NYSE:CQP traded down $1.13 during trading on Wednesday, reaching $55.27. The stock had a trading volume of 42,828 shares, compared to its average volume of 198,457. The stock has a market capitalization of $26.75 billion, a PE ratio of 13.29 and a beta of 0.43. Cheniere Energy Partners has a 52 week low of $47.00 and a 52 week high of $68.42. The business's 50-day moving average price is $58.42 and its 200 day moving average price is $59.63.
Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 414.56% and a net margin of 26.27%. The firm's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. Analysts forecast that Cheniere Energy Partners will post 4.14 EPS for the current year.
Hedge Funds Weigh In On Cheniere Energy Partners
Institutional investors have recently modified their holdings of the business. Militia Capital Partners LP bought a new position in Cheniere Energy Partners during the 1st quarter worth about $594,000. Empowered Funds LLC boosted its position in shares of Cheniere Energy Partners by 139.0% during the first quarter. Empowered Funds LLC now owns 82,511 shares of the company's stock worth $5,449,000 after buying an additional 47,985 shares during the period. Everstar Asset Management LLC acquired a new position in shares of Cheniere Energy Partners during the first quarter worth about $1,787,000. Jones Financial Companies Lllp grew its holdings in shares of Cheniere Energy Partners by 1,863.4% during the first quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company's stock worth $464,000 after buying an additional 6,671 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in Cheniere Energy Partners by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 9,717 shares of the company's stock valued at $642,000 after buying an additional 300 shares during the last quarter. Institutional investors own 46.55% of the company's stock.
About Cheniere Energy Partners
(
Get Free Report)
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.
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