Cheniere Energy Partners (NYSE:CQP) Price Target Cut to $45.00 by Analysts at Barclays

Cheniere Energy Partners (NYSE:CQP) had its price objective cut by research analysts at Barclays from $51.00 to $45.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s target price would indicate a potential downside of 8.41% from the stock’s previous close.

Separately, Stifel Nicolaus upgraded shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $49.20.

Cheniere Energy Partners Stock Performance

Shares of NYSE CQP opened at $49.13 on Thursday. The firm has a market capitalization of $23.78 billion, a PE ratio of 7.07 and a beta of 0.68. The company has a fifty day moving average of $49.51. Cheniere Energy Partners has a 12-month low of $43.42 and a 12-month high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.25. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. As a group, sell-side analysts expect that Cheniere Energy Partners will post 3.56 earnings per share for the current fiscal year.

Institutional Trading of Cheniere Energy Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System boosted its holdings in shares of Cheniere Energy Partners by 1.6% in the 1st quarter. Maryland State Retirement & Pension System now owns 33,085 shares of the company’s stock valued at $1,527,000 after buying an additional 524 shares in the last quarter. Wealthstar Advisors LLC lifted its position in Cheniere Energy Partners by 11.5% in the first quarter. Wealthstar Advisors LLC now owns 18,451 shares of the company’s stock valued at $911,000 after acquiring an additional 1,902 shares during the last quarter. Powell Investment Advisors LLC boosted its stake in Cheniere Energy Partners by 2.0% in the first quarter. Powell Investment Advisors LLC now owns 16,021 shares of the company’s stock valued at $791,000 after acquiring an additional 316 shares in the last quarter. Hennessy Advisors Inc. grew its holdings in shares of Cheniere Energy Partners by 161.3% during the first quarter. Hennessy Advisors Inc. now owns 24,300 shares of the company’s stock worth $1,200,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Miller Howard Investments Inc. NY increased its position in shares of Cheniere Energy Partners by 3.7% during the first quarter. Miller Howard Investments Inc. NY now owns 96,659 shares of the company’s stock worth $4,774,000 after purchasing an additional 3,434 shares in the last quarter. Institutional investors and hedge funds own 46.55% of the company’s stock.

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.