Cheniere Energy Partners, L.P. (NYSE:CQP) Given Average Recommendation of “Strong Sell” by Brokerages

Cheniere Energy Partners, L.P. (NYSE:CQP) has been given a consensus recommendation of “Strong Sell” by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $60.4286.

CQP has been the subject of a number of recent analyst reports. Weiss Ratings lowered Cheniere Energy Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Bank of America boosted their price objective on Cheniere Energy Partners from $51.00 to $57.00 and gave the stock an “underperform” rating in a report on Friday, March 20th. Citigroup upped their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company a “sell” rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. raised their target price on shares of Cheniere Energy Partners from $57.00 to $63.00 and gave the stock an “underweight” rating in a report on Friday, March 27th. Finally, Morgan Stanley lifted their target price on shares of Cheniere Energy Partners from $55.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Monday, March 23rd.

Cheniere Energy Partners Price Performance

Shares of NYSE CQP traded down $1.77 during trading on Friday, hitting $63.11. The company had a trading volume of 52,463 shares, compared to its average volume of 168,704. The company has a market cap of $30.55 billion, a P/E ratio of 14.74 and a beta of 0.31. Cheniere Energy Partners has a 52 week low of $49.53 and a 52 week high of $70.64. The business’s 50-day moving average is $62.49 and its 200 day moving average is $60.84. The company has a debt-to-equity ratio of 161.69, a quick ratio of 0.37 and a current ratio of 0.42.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($1.03). The company had revenue of $3.60 billion for the quarter. Cheniere Energy Partners had a negative return on equity of 4,929.80% and a net margin of 22.27%.The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share. Equities research analysts predict that Cheniere Energy Partners will post 4.2 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a $0.775 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.10 dividend on an annualized basis and a yield of 4.9%. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 72.43%.

Institutional Trading of Cheniere Energy Partners

Several large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Cheniere Energy Partners by 180.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after buying an additional 306 shares during the period. First Pacific Financial acquired a new position in Cheniere Energy Partners during the first quarter valued at $32,000. Larson Financial Group LLC lifted its stake in Cheniere Energy Partners by 68.3% in the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after acquiring an additional 205 shares in the last quarter. Caldwell Trust Co acquired a new stake in Cheniere Energy Partners during the 4th quarter worth about $29,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Cheniere Energy Partners during the 4th quarter worth about $51,000. 46.55% of the stock is owned by institutional investors and hedge funds.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.