Brokerages Set Cheniere Energy Partners LP (CQP) Price Target at $39.75

Cheniere Energy Partners LP (NYSEAMERICAN:CQP) has received a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $39.75.

A number of research analysts recently issued reports on CQP shares. Barclays set a $38.00 price objective on Cheniere Energy Partners and gave the company a “hold” rating in a research report on Thursday, July 5th. Zacks Investment Research upgraded Cheniere Energy Partners from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research report on Monday, July 16th. US Capital Advisors restated an “overweight” rating on shares of Cheniere Energy Partners in a research report on Tuesday, July 17th. Stifel Nicolaus boosted their price objective on Cheniere Energy Partners from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, August 10th. Finally, Wells Fargo & Co set a $45.00 price objective on Cheniere Energy Partners and gave the company an “outperform” rating in a research report on Monday, August 13th. They noted that the move was a valuation call.

Shares of NYSEAMERICAN CQP opened at $33.06 on Thursday. Cheniere Energy Partners has a twelve month low of $26.68 and a twelve month high of $40.56.



Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its quarterly earnings results on Thursday, August 9th. The energy company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). Cheniere Energy Partners had a net margin of 24.64% and a return on equity of 266.18%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.44 billion.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Monday, November 5th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 7.02%. The ex-dividend date of this dividend is Friday, November 2nd. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.43.

Several institutional investors have recently made changes to their positions in CQP. Wells Fargo & Company MN raised its position in shares of Cheniere Energy Partners by 27.3% during the first quarter. Wells Fargo & Company MN now owns 77,132 shares of the energy company’s stock worth $2,245,000 after purchasing an additional 16,543 shares during the period. BlackRock Inc. acquired a new stake in shares of Cheniere Energy Partners during the first quarter worth $6,099,000. GSA Capital Partners LLP acquired a new stake in shares of Cheniere Energy Partners during the first quarter worth $271,000. The Manufacturers Life Insurance Company raised its position in shares of Cheniere Energy Partners by 41.4% during the first quarter. The Manufacturers Life Insurance Company now owns 16,875 shares of the energy company’s stock worth $491,000 after purchasing an additional 4,944 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of Cheniere Energy Partners during the first quarter worth $206,000.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.

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Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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