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

Cheniere Energy Partners, L.P. (NYSE:CQP) has been given a consensus recommendation of “Reduce” by the nine research firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $62.00.

A number of equities research analysts have recently weighed in on CQP shares. Royal Bank Of Canada boosted their target price on Cheniere Energy Partners from $62.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Monday, August 24th. JPMorgan Chase & Co. raised their price target on Cheniere Energy Partners from $64.00 to $65.00 and gave the company an “underweight” rating in a report on Friday, September 4th. Barclays lifted their price objective on Cheniere Energy Partners from $63.00 to $66.00 and gave the stock an “underweight” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Cheniere Energy Partners from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th.

Hedge Funds Weigh In On Cheniere Energy Partners

Several large investors have recently bought and sold shares of the business. First Pacific Financial bought a new stake in shares of Cheniere Energy Partners during the 1st quarter valued at $32,000. Strategic Wealth Partners Ltd. bought a new position in shares of Cheniere Energy Partners in the 2nd quarter worth $60,000. Compass Financial Management LLC bought a new position in shares of Cheniere Energy Partners in the 2nd quarter worth $79,000. CX Institutional acquired a new stake in shares of Cheniere Energy Partners during the second quarter worth $86,000. Finally, Assetmark Inc. acquired a new stake in shares of Cheniere Energy Partners during the first quarter worth $102,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Partners Stock Performance

CQP stock opened at $66.64 on Friday. The company has a debt-to-equity ratio of 19.01, a current ratio of 1.22 and a quick ratio of 1.09. The company has a 50 day moving average price of $66.65 and a 200 day moving average price of $64.45. Cheniere Energy Partners has a fifty-two week low of $49.53 and a fifty-two week high of $71.25. The stock has a market capitalization of $32.26 billion, a PE ratio of 12.10 and a beta of 0.32.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $1.13. The firm had revenue of $2.58 billion for the quarter. Cheniere Energy Partners had a return on equity of 1,121.60% and a net margin of 27.31%.The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. Analysts forecast that Cheniere Energy Partners will post 4.41 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 7th were paid a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, August 7th. Cheniere Energy Partners’s payout ratio is 56.26%.

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 is managed by Cheniere Energy, Inc and focuses on the production, liquefaction, storage, and export of LNG, as well as the receipt and regasification of natural gas.

Cheniere Energy Partners’ principal assets include the Sabine Pass LNG facility in Louisiana and interests associated with the Corpus Christi LNG facility in Texas.