Cheniere Energy Partners (NYSE:CQP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Cheniere Energy Partners (NYSE:CQP) had its price target upped by stock analysts at JPMorgan Chase & Co. from $63.00 to $64.00 in a report released on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 2.35% from the stock’s previous close.

Several other research firms also recently weighed in on CQP. Barclays lifted their target price on Cheniere Energy Partners from $60.00 to $63.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 15th. Citigroup raised their price target on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock a “sell” rating in a research note on Thursday, April 2nd. Finally, Weiss Ratings upgraded shares of Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy Partners currently has an average rating of “Reduce” and a consensus target price of $61.00.

Cheniere Energy Partners Trading Down 0.6%

Shares of NYSE CQP opened at $65.54 on Friday. Cheniere Energy Partners has a fifty-two week low of $49.53 and a fifty-two week high of $70.64. The company has a debt-to-equity ratio of 161.69, a quick ratio of 0.37 and a current ratio of 0.42. The company has a market cap of $31.72 billion, a price-to-earnings ratio of 15.31 and a beta of 0.31. The business’s 50 day moving average price is $62.53 and its 200-day moving average price is $61.56.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($1.03). The business had revenue of $3.60 billion for the quarter. Cheniere Energy Partners had a net margin of 22.27% and a negative return on equity of 4,929.80%. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. On average, sell-side analysts expect that Cheniere Energy Partners will post 4.2 earnings per share for the current year.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of institutional investors and hedge funds have recently bought and sold shares of CQP. Northwestern Mutual Wealth Management Co. increased its stake in shares of Cheniere Energy Partners by 180.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock valued at $27,000 after buying an additional 306 shares during the period. First Pacific Financial bought a new stake in shares of Cheniere Energy Partners in the first quarter valued at about $32,000. Larson Financial Group LLC lifted its stake in Cheniere Energy Partners by 68.3% in the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after acquiring an additional 205 shares during the period. Caldwell Trust Co purchased a new stake in Cheniere Energy Partners in the fourth quarter worth about $29,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Cheniere Energy Partners during the 4th quarter worth about $51,000. 46.55% of the stock is owned by 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.