UBS Group Trims Cheniere Energy Partners (NYSE:CQP) Target Price to $50.00

Cheniere Energy Partners (NYSE:CQP) had its price target cut by investment analysts at UBS Group from $53.00 to $50.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 3.58% from the company’s previous close.

Several other research firms have also weighed in on CQP. Barclays decreased their target price on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating on the stock in a report on Thursday, April 18th. Stifel Nicolaus raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Cheniere Energy Partners currently has an average rating of “Hold” and an average price target of $47.80.

Cheniere Energy Partners Stock Up 0.2 %

NYSE:CQP opened at $48.27 on Wednesday. The firm has a market cap of $23.36 billion, a price-to-earnings ratio of 6.93 and a beta of 0.68. The company has a 50-day moving average price of $49.34. Cheniere Energy Partners has a 1-year low of $43.42 and a 1-year high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Thursday, February 22nd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate 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 net margin of 44.02% and a negative return on equity of 292.30%. Sell-side analysts anticipate that Cheniere Energy Partners will post 3.56 EPS for the current year.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. increased its stake in Cheniere Energy Partners by 13.1% during the 3rd quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock worth $376,776,000 after buying an additional 802,824 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Cheniere Energy Partners by 26.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,913,342 shares of the company’s stock worth $103,684,000 after buying an additional 401,548 shares during the period. Invesco Ltd. increased its stake in Cheniere Energy Partners by 170.2% during the 3rd quarter. Invesco Ltd. now owns 391,808 shares of the company’s stock worth $21,232,000 after buying an additional 246,808 shares during the period. Goldman Sachs Group Inc. increased its stake in Cheniere Energy Partners by 37.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 615,067 shares of the company’s stock worth $30,624,000 after buying an additional 167,567 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Cheniere Energy Partners by 49.2% during the 4th quarter. Wells Fargo & Company MN now owns 210,905 shares of the company’s stock worth $10,501,000 after buying an additional 69,567 shares during the period. 46.55% of the stock is 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.