Cheniere Energy Partners LP (CQP) Receives Average Rating of “Hold” from Brokerages

Shares of Cheniere Energy Partners LP (NYSEAMERICAN:CQP) have earned an average rating of “Hold” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $33.86.

Several brokerages have commented on CQP. Citigroup upped their price target on Cheniere Energy Partners from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, March 27th. Sanford C. Bernstein upgraded Cheniere Energy Partners from a “market perform” rating to an “outperform” rating in a research note on Monday, March 26th. TheStreet upgraded Cheniere Energy Partners from a “c” rating to a “b” rating in a research note on Monday, March 19th. Zacks Investment Research lowered Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 6th. Finally, Barclays set a $35.00 price target on Cheniere Energy Partners and gave the stock a “hold” rating in a research note on Monday, February 12th.

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Several hedge funds and other institutional investors have recently modified their holdings of CQP. Allianz Asset Management GmbH purchased a new stake in shares of Cheniere Energy Partners in the third quarter worth about $331,000. First Allied Advisory Services Inc. boosted its position in shares of Cheniere Energy Partners by 45.0% in the third quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock worth $759,000 after buying an additional 8,160 shares during the period. Jane Street Group LLC boosted its position in shares of Cheniere Energy Partners by 7.7% in the third quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock worth $1,587,000 after buying an additional 3,953 shares during the period. California Public Employees Retirement System boosted its position in shares of Cheniere Energy Partners by 18.1% in the third quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock worth $1,116,000 after buying an additional 5,934 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Cheniere Energy Partners by 19.5% in the fourth quarter. Bank of Montreal Can now owns 769,937 shares of the energy company’s stock worth $22,821,000 after buying an additional 125,694 shares during the period.

Cheniere Energy Partners stock opened at $29.40 on Friday. Cheniere Energy Partners has a 52 week low of $26.41 and a 52 week high of $33.47.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its earnings results on Wednesday, February 21st. The energy company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.37. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.31 billion. Cheniere Energy Partners had a return on equity of 266.18% and a net margin of 24.64%.

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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.

Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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