Cheniere Energy Partners (NYSE:CQP) PT Lowered to $45.00

Cheniere Energy Partners (NYSE:CQP) had its price target reduced by investment analysts at Barclays from $51.00 to $45.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s price objective points to a potential downside of 8.41% from the company’s previous close.

Separately, Stifel Nicolaus upgraded Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.20.

Cheniere Energy Partners Price Performance

Shares of CQP stock opened at $49.13 on Thursday. The company has a market cap of $23.78 billion, a P/E ratio of 7.07 and a beta of 0.68. The stock has a 50-day moving average of $49.51. Cheniere Energy Partners has a one year low of $43.42 and a one year high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.25. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. As a group, analysts expect that Cheniere Energy Partners will post 3.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cheniere Energy Partners

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. lifted its position in shares of Cheniere Energy Partners by 132.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,745 shares of the company’s stock valued at $718,000 after buying an additional 7,262 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Cheniere Energy Partners by 8.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,041 shares of the company’s stock valued at $960,000 after acquiring an additional 1,287 shares during the last quarter. Equitable Holdings Inc. acquired a new stake in Cheniere Energy Partners in the first quarter valued at approximately $267,000. Laurel Wealth Advisors Inc. acquired a new stake in shares of Cheniere Energy Partners in the 1st quarter worth $217,000. Finally, Clearbridge Investments LLC boosted its holdings in Cheniere Energy Partners by 24.1% in the first quarter. Clearbridge Investments LLC now owns 949,727 shares of the company’s stock worth $53,527,000 after acquiring an additional 184,500 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.