Cheniere Energy Partners, L.P. (NYSE:CQP) Given Consensus Recommendation of “Strong Sell” by Brokerages

Cheniere Energy Partners, L.P. (NYSE:CQP) has been assigned a consensus rating of “Strong Sell” from the nine brokerages that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $60.4286.

CQP has been the topic of a number of research analyst reports. Citigroup raised their price target on Cheniere Energy Partners from $49.00 to $55.00 and gave the company a “sell” rating in a report on Thursday, April 2nd. Weiss Ratings lowered Cheniere Energy Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Wells Fargo & Company lowered their price target on Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating on the stock in a report on Friday, March 13th. 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. Finally, Morgan Stanley raised their price target on Cheniere Energy Partners from $55.00 to $72.00 and gave the company an “equal weight” rating in a report on Monday, March 23rd.

Cheniere Energy Partners Price Performance

Shares of NYSE CQP opened at $63.35 on Wednesday. Cheniere Energy Partners has a 1-year low of $49.53 and a 1-year high of $70.64. The company has a debt-to-equity ratio of 161.69, a current ratio of 0.42 and a quick ratio of 0.37. The business’s fifty day moving average price is $63.39 and its two-hundred day moving average price is $59.92. The firm has a market capitalization of $30.66 billion, a PE ratio of 14.80 and a beta of 0.32.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Wednesday, May 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($1.03). Cheniere Energy Partners had a negative return on equity of 4,929.80% and a net margin of 22.27%.The company had revenue of $3.60 billion during the quarter. During the same quarter in the previous year, the company earned $1.08 earnings per share. Cheniere Energy Partners’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, research analysts expect that Cheniere Energy Partners will post 4.19 EPS for the current year.

Cheniere Energy Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were issued a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, May 8th. Cheniere Energy Partners’s dividend payout ratio (DPR) is 72.43%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. CIBC Bancorp USA Inc. acquired a new position in Cheniere Energy Partners during the third quarter worth about $7,357,000. Exchange Traded Concepts LLC grew its holdings in Cheniere Energy Partners by 103.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 76,218 shares of the company’s stock worth $4,076,000 after acquiring an additional 38,784 shares during the period. Founders Capital Management grew its holdings in Cheniere Energy Partners by 87.2% during the third quarter. Founders Capital Management now owns 41,737 shares of the company’s stock worth $2,246,000 after acquiring an additional 19,446 shares during the period. Hussman Strategic Advisors Inc. grew its holdings in Cheniere Energy Partners by 100.0% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the company’s stock worth $2,246,000 after acquiring an additional 21,000 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Cheniere Energy Partners by 2.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,784,925 shares of the company’s stock worth $149,885,000 after acquiring an additional 68,599 shares during the period. 46.55% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Partners Company Profile

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.