Wells Fargo & Company Has Lowered Expectations for Cheniere Energy Partners (NYSE:CQP) Stock Price

Cheniere Energy Partners (NYSE:CQP) had its price objective decreased by equities researchers at Wells Fargo & Company from $56.00 to $54.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential downside of 15.81% from the company’s current price.

A number of other analysts also recently weighed in on the company. Morgan Stanley decreased their price target on Cheniere Energy Partners from $71.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, February 24th. Weiss Ratings raised Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. Citigroup cut their target price on Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating on the stock in a research report on Monday, January 12th. Royal Bank Of Canada raised their target price on 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. Finally, Barclays lifted their target price on Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a report on Friday, February 27th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $55.57.

Cheniere Energy Partners Stock Performance

NYSE:CQP opened at $64.14 on Friday. The company has a debt-to-equity ratio of 34.21, a quick ratio of 0.68 and a current ratio of 0.78. Cheniere Energy Partners has a fifty-two week low of $49.53 and a fifty-two week high of $68.42. The company has a 50 day simple moving average of $58.29 and a two-hundred day simple moving average of $55.03. The company has a market capitalization of $31.05 billion, a PE ratio of 12.41 and a beta of 0.40.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $2.38 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.91 billion for the quarter. During the same quarter last year, the firm posted $1.05 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Research analysts anticipate that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Hedge Funds Weigh In On Cheniere Energy Partners

Institutional investors and hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC lifted its position in 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 in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Cheniere Energy Partners by 180.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after purchasing an additional 306 shares in the last quarter. Caldwell Trust Co purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter worth approximately $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter worth approximately $51,000. Finally, MAI Capital Management lifted its holdings in shares of Cheniere Energy Partners by 1,339.3% in the second quarter. MAI Capital Management now owns 1,612 shares of the company’s stock valued at $90,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

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.