Cheniere Energy Partners (NYSEAMERICAN:CQP) Downgraded to Neutral at The Goldman Sachs Group

Cheniere Energy Partners (NYSEAMERICAN:CQP) was downgraded by stock analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report issued on Thursday, Analyst Price Targets reports. They currently have a $45.00 price objective on the energy company’s stock. The Goldman Sachs Group’s price objective points to a potential downside of 3.74% from the company’s previous close. The analysts noted that the move was a valuation call.

Several other equities analysts have also recently issued reports on CQP. Barclays cut shares of Cheniere Energy Partners from an “equal weight” rating to an “underweight” rating and set a $48.00 price target for the company. in a research report on Tuesday, November 30th. Zacks Investment Research raised shares of Cheniere Energy Partners from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Tuesday, October 19th. Finally, Wells Fargo & Company lowered their price objective on shares of Cheniere Energy Partners from $48.00 to $46.00 and set an “equal weight” rating on the stock in a report on Thursday, December 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy Partners currently has an average rating of “Hold” and a consensus price target of $45.67.

Shares of CQP stock opened at $46.75 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.37 and a debt-to-equity ratio of 29.15. The stock has a market cap of $22.63 billion, a P/E ratio of 16.52 and a beta of 1.03. Cheniere Energy Partners has a 52 week low of $37.02 and a 52 week high of $48.30.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its earnings results on Thursday, November 4th. The energy company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Cheniere Energy Partners had a net margin of 18.75% and a return on equity of 274.31%. The business’s revenue for the quarter was up 136.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) EPS. On average, research analysts forecast that Cheniere Energy Partners will post 2.94 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its holdings in shares of Cheniere Energy Partners by 2.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,274 shares of the energy company’s stock valued at $544,000 after buying an additional 250 shares in the last quarter. Wambolt & Associates LLC raised its position in Cheniere Energy Partners by 1.8% in the 2nd quarter. Wambolt & Associates LLC now owns 14,837 shares of the energy company’s stock worth $669,000 after buying an additional 259 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Cheniere Energy Partners by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 27,702 shares of the energy company’s stock worth $1,126,000 after buying an additional 366 shares during the last quarter. Dividend Assets Capital LLC increased its position in shares of Cheniere Energy Partners by 1.0% during the 3rd quarter. Dividend Assets Capital LLC now owns 41,548 shares of the energy company’s stock valued at $1,690,000 after purchasing an additional 403 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Cheniere Energy Partners by 2.0% during the 3rd quarter. Cetera Investment Advisers now owns 20,745 shares of the energy company’s stock valued at $844,000 after purchasing an additional 405 shares during the last quarter. 46.27% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners LP engages in the operations of liquefied natural gas. It also develops, constructs, and operates liquefaction facilities situated adjacent to the regasification facilities at the Sabine Pass Liquefied natural gas terminal. The company was founded in 2006 and is headquartered in Houston, TX.

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Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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