Cheniere Energy Partners, L.P. (NYSE:CQP) Receives Average Recommendation of "Strong Sell" from Brokerages

Key Points

• Cheniere Energy Partners, L.P. has received an average rating of "Strong Sell" from five research firms, with all analysts recommending a sell on the stock.
• The average 12-month price target from analysts is $54.60, with various firms adjusting their price objectives recently, showing a downward trend.
• Cheniere Energy Partners recently declared a quarterly dividend of $0.82 per share, reflecting a dividend yield of 6.1% and a payout ratio of 75.24%.

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP - Get Free Report) have been given an average rating of "Strong Sell" by the five research firms that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation. The average 12-month price target among analysts that have issued a report on the stock in the last year is $54.60.

Several analysts recently issued reports on CQP shares. Bank of America increased their price objective on Cheniere Energy Partners from $50.00 to $53.00 and gave the stock an "underperform" rating in a report on Wednesday, June 25th. Barclays dropped their price objective on shares of Cheniere Energy Partners from $56.00 to $55.00 and set an "underweight" rating for the company in a research report on Thursday, August 14th. Wells Fargo & Company dropped their target price on shares of Cheniere Energy Partners from $61.00 to $56.00 and set an "underweight" rating for the company in a research report on Tuesday, August 12th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Cheniere Energy Partners in a report on Saturday, September 27th.

Cheniere Energy Partners Stock Performance

Cheniere Energy Partners stock traded up $0.12 during trading on Friday, hitting $53.72. The company's stock had a trading volume of 47,263 shares, compared to its average volume of 170,532. The stock has a market capitalization of $26.00 billion, a price-to-earnings ratio of 13.04 and a beta of 0.37. The stock's fifty day moving average is $54.32 and its 200 day moving average is $56.93. Cheniere Energy Partners has a 1-year low of $47.55 and a 1-year high of $68.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.05). The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.21 billion. Cheniere Energy Partners had a negative return on equity of 503.86% and a net margin of 24.62%.The business's revenue was up 29.6% compared to the same quarter last year. On average, research analysts anticipate that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, August 8th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Friday, August 8th. Cheniere Energy Partners's payout ratio is 75.24%.

Institutional Trading of Cheniere Energy Partners

A number of institutional investors have recently modified their holdings of CQP. Alps Advisors Inc. lifted its position in Cheniere Energy Partners by 16.6% during the 1st quarter. Alps Advisors Inc. now owns 9,019,585 shares of the company's stock valued at $595,653,000 after acquiring an additional 1,283,564 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cheniere Energy Partners by 24.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,953,675 shares of the company's stock worth $195,061,000 after purchasing an additional 575,788 shares during the period. HRT Financial LP lifted its holdings in shares of Cheniere Energy Partners by 1,689.3% in the second quarter. HRT Financial LP now owns 88,139 shares of the company's stock worth $4,940,000 after buying an additional 83,213 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Cheniere Energy Partners by 139.0% in 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 in the last quarter. Finally, Tortoise Capital Advisors L.L.C. raised its stake in Cheniere Energy Partners by 6.9% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 712,703 shares of the company's stock valued at $47,067,000 after purchasing an additional 45,870 shares in the last quarter. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Partners Company Profile

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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