Cheniere Energy Partners (NYSE:CQP) Stock Price Expected to Rise, Citigroup Analyst Says

Cheniere Energy Partners (NYSE:CQP) had its target price raised by stock analysts at Citigroup from $49.00 to $55.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. Citigroup’s price target points to a potential downside of 15.34% from the company’s previous close.

Several other brokerages have also recently weighed in on CQP. Royal Bank Of Canada lifted their price target on shares of Cheniere Energy Partners from $58.00 to $62.00 and gave the stock a “sector perform” rating in a research note on Friday, March 6th. Bank of America raised their price target on Cheniere Energy Partners from $51.00 to $57.00 and gave the company an “underperform” rating in a report on Friday, March 20th. JPMorgan Chase & Co. boosted their price objective on Cheniere Energy Partners from $57.00 to $63.00 and gave the company an “underweight” rating in a research report on Friday, March 27th. Weiss Ratings raised Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. Finally, Barclays increased their target price on Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Cheniere Energy Partners presently has a consensus rating of “Reduce” and a consensus target price of $60.43.

Cheniere Energy Partners Stock Performance

Shares of NYSE CQP opened at $64.96 on Thursday. The firm’s 50-day moving average price is $61.56 and its 200-day moving average price is $56.28. Cheniere Energy Partners has a 52-week low of $49.53 and a 52-week high of $70.64. The company has a market cap of $31.44 billion, a PE ratio of 12.57 and a beta of 0.37. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 34.21.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $1.27. Cheniere Energy Partners had a net margin of 27.76% and a negative return on equity of 1,446.48%. The company had revenue of $2.91 billion for the quarter. During the same quarter last year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, analysts anticipate that Cheniere Energy Partners will post 4.14 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CQP. Larson Financial Group LLC increased its position in shares of Cheniere Energy Partners by 68.3% in the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after acquiring an additional 205 shares during the period. Disciplined Investors L.L.C. increased its holdings in Cheniere Energy Partners by 2.6% in the 3rd quarter. Disciplined Investors L.L.C. now owns 8,669 shares of the company’s stock worth $467,000 after buying an additional 223 shares during the period. Powell Investment Advisors LLC raised its position in Cheniere Energy Partners by 1.5% during the 3rd quarter. Powell Investment Advisors LLC now owns 17,529 shares of the company’s stock worth $943,000 after buying an additional 259 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in Cheniere Energy Partners by 6.8% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 4,333 shares of the company’s stock valued at $233,000 after acquiring an additional 275 shares during the period. Finally, Blair William & Co. IL lifted its stake in Cheniere Energy Partners by 7.0% during the 3rd quarter. Blair William & Co. IL now owns 4,600 shares of the company’s stock valued at $248,000 after acquiring an additional 300 shares during the period. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.