Cheniere Energy Partners (NYSEAMERICAN:CQP) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b” rating in a research report issued to clients and investors on Monday.
CQP has been the topic of several other reports. Zacks Investment Research lowered shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Stifel Nicolaus assumed coverage on shares of Cheniere Energy Partners in a research report on Thursday, January 4th. They issued a “hold” rating and a $30.00 price objective on the stock. Barclays set a $35.00 price objective on shares of Cheniere Energy Partners and gave the company a “hold” rating in a research report on Monday, February 12th. Finally, Morgan Stanley increased their price objective on shares of Cheniere Energy Partners from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $34.00.
Cheniere Energy Partners stock opened at $29.35 on Monday. The firm has a market cap of $14,530.00, a PE ratio of 30.26 and a beta of 0.89. Cheniere Energy Partners has a 1 year low of $26.41 and a 1 year high of $33.47.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.37. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.31 billion. Cheniere Energy Partners had a net margin of 24.64% and a return on equity of 266.18%.
In other Cheniere Energy Partners news, major shareholder Gso Holdings I. Llc purchased 228,535 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were acquired at an average cost of $29.63 per share, with a total value of $6,771,492.05. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Group L.P. Blackstone purchased 459,823 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were acquired at an average cost of $29.56 per share, for a total transaction of $13,592,367.88. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 830,047 shares of company stock worth $24,343,200.
Institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in Cheniere Energy Partners during the fourth quarter worth about $224,000. Koch Industries Inc. acquired a new stake in Cheniere Energy Partners during the fourth quarter worth about $227,000. Allianz Asset Management GmbH acquired a new stake in Cheniere Energy Partners during the third quarter worth about $331,000. Advisor Group Inc. grew its stake in Cheniere Energy Partners by 53.3% during the fourth quarter. Advisor Group Inc. now owns 13,152 shares of the energy company’s stock worth $390,000 after buying an additional 4,572 shares in the last quarter. Finally, Alps Advisors Inc. grew its stake in Cheniere Energy Partners by 13.0% during the fourth quarter. Alps Advisors Inc. now owns 18,596 shares of the energy company’s stock worth $551,000 after buying an additional 2,141 shares in the last quarter.
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Cheniere Energy Partners Company Profile
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
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