UBS Group Cuts Cheniere Energy Partners (NYSE:CQP) Price Target to $50.00

Cheniere Energy Partners (NYSE:CQP) had its target price reduced by equities researchers at UBS Group from $53.00 to $50.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 4.65% from the company’s current price.

Other research analysts have also issued research reports about the company. Barclays cut their price objective on Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a research report on Thursday, April 18th. Stifel Nicolaus raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Cheniere Energy Partners has an average rating of “Hold” and a consensus target price of $47.80.

Cheniere Energy Partners Stock Performance

Shares of NYSE CQP traded down $0.19 during midday trading on Wednesday, reaching $47.78. The company had a trading volume of 45,889 shares, compared to its average volume of 191,795. Cheniere Energy Partners has a one year low of $43.42 and a one year high of $62.34. The company’s fifty day simple moving average is $49.44. The company has a market cap of $23.13 billion, a PE ratio of 6.87 and a beta of 0.68.

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

Institutional Trading of Cheniere Energy Partners

Several institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management lifted its position in Cheniere Energy Partners by 5.5% in the first quarter. Spire Wealth Management now owns 6,770 shares of the company’s stock valued at $334,000 after acquiring an additional 350 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Cheniere Energy Partners by 21.8% during the first quarter. Global Retirement Partners LLC now owns 1,691 shares of the company’s stock valued at $84,000 after buying an additional 303 shares during the period. Covenant Asset Management LLC raised its stake in Cheniere Energy Partners by 3.5% during the first quarter. Covenant Asset Management LLC now owns 7,295 shares of the company’s stock worth $360,000 after purchasing an additional 245 shares during the period. PFG Investments LLC acquired a new stake in shares of Cheniere Energy Partners in the first quarter worth $868,000. Finally, GraniteShares Advisors LLC grew its holdings in Cheniere Energy Partners by 14.6% during the 1st quarter. GraniteShares Advisors LLC now owns 32,923 shares of the company’s stock valued at $1,626,000 after purchasing an additional 4,186 shares in the last quarter. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Company Profile

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.