Cheniere Energy Partners (NYSE:CQP) Receives "Hold (C+)" Rating from Weiss Ratings

Key Points

• Cheniere Energy Partners (NYSE:CQP) has received a "Hold (C+)" rating from Weiss Ratings, while several analysts have issued "underweight" ratings and lowered their price targets to between $55.00 and $56.00.
• The company's stock is currently trading at $54.26, down 0.5% from the previous day, with a 52-week high of $68.42 and low of $48.00.
• Cheniere reported quarterly earnings of $0.91 per share, missing estimates, but achieved a 29.6% increase in revenue year-over-year, totaling $2.46 billion.

Cheniere Energy Partners (NYSE:CQP - Get Free Report)'s stock had its "hold (c+)" rating reissued by equities research analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

CQP has been the subject of a number of other reports. Wells Fargo & Company reduced their price objective on shares of Cheniere Energy Partners from $61.00 to $56.00 and set an "underweight" rating for the company in a report on Tuesday, August 12th. Barclays reduced 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 report on Thursday, August 14th. One analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Cheniere Energy Partners has an average rating of "Strong Sell" and a consensus target price of $54.60.

Cheniere Energy Partners Stock Down 0.5%

CQP traded down $0.28 during midday trading on Friday, hitting $54.26. The company had a trading volume of 335,575 shares, compared to its average volume of 107,190. Cheniere Energy Partners has a 52 week low of $48.00 and a 52 week high of $68.42. The company has a market capitalization of $26.26 billion, a price-to-earnings ratio of 14.05 and a beta of 0.37. The stock's 50 day moving average price is $53.29 and its 200 day moving average price is $55.78.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its holdings in Cheniere Energy Partners by 16.6% during the first quarter. Alps Advisors Inc. now owns 9,019,585 shares of the company's stock worth $595,653,000 after purchasing an additional 1,283,564 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 valued at $195,061,000 after acquiring an additional 575,788 shares during the last quarter. Energy Income Partners LLC boosted its stake in Cheniere Energy Partners by 4.3% in the second quarter. Energy Income Partners LLC now owns 1,016,265 shares of the company's stock valued at $56,962,000 after acquiring an additional 41,707 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in Cheniere Energy Partners by 6.9% in 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 acquiring an additional 45,870 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Cheniere Energy Partners by 1.2% in the second quarter. Bank of America Corp DE now owns 319,717 shares of the company's stock valued at $17,920,000 after acquiring an additional 3,659 shares during the last quarter. 46.55% of the stock is currently 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.

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