Stifel Nicolaus initiated coverage on shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) in a research report report published on Thursday morning, MarketBeat.com reports. The firm issued a hold rating and a $30.00 target price on the energy company’s stock.
Other equities analysts have also issued reports about the stock. Royal Bank of Canada lowered their target price on shares of Cheniere Energy Partners from $35.00 to $32.00 and set an outperform rating for the company in a report on Monday, October 16th. BMO Capital Markets assumed coverage on shares of Cheniere Energy Partners in a report on Monday, September 25th. They issued an outperform rating and a $32.00 price objective for the company. BidaskClub upgraded shares of Cheniere Energy Partners from a strong sell rating to a sell rating in a report on Tuesday, November 7th. Finally, Zacks Investment Research lowered shares of Cheniere Energy Partners from a hold rating to a strong sell rating in a report on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Cheniere Energy Partners presently has a consensus rating of Hold and a consensus price target of $33.63.
Cheniere Energy Partners (NYSEAMERICAN:CQP) opened at $29.70 on Thursday. Cheniere Energy Partners has a 1-year low of $26.41 and a 1-year high of $33.47. The stock has a market cap of $14,370.00, a P/E ratio of 51.21 and a beta of 0.97.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its earnings results on Tuesday, November 14th. The energy company reported ($1.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($1.56). Cheniere Energy Partners had a net margin of 2.55% and a return on equity of 19.48%. The business had revenue of $903.00 million for the quarter, compared to analysts’ expectations of $1.14 billion.
In related news, major shareholder Cqp Common Holdco L. Blackstone bought 25,466 shares of the firm’s stock in a transaction on Tuesday, December 26th. The stock was acquired at an average cost of $28.61 per share, for a total transaction of $728,582.26. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jamie Welch bought 8,654 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were bought at an average price of $27.50 per share, with a total value of $237,985.00. Following the completion of the purchase, the director now owns 8,654 shares in the company, valued at approximately $237,985. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 838,701 shares of company stock valued at $24,581,185.
Institutional investors and hedge funds have recently made changes to their positions in the business. Blackstone Group L.P. raised its stake in Cheniere Energy Partners by 5,731.3% during the 3rd quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock valued at $5,834,629,000 after buying an additional 198,978,886 shares during the last quarter. First Allied Advisory Services Inc. raised its stake in Cheniere Energy Partners by 45.0% during the 3rd quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock valued at $759,000 after buying an additional 8,160 shares during the last quarter. Jane Street Group LLC raised its stake in Cheniere Energy Partners by 7.7% during the 3rd quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock valued at $1,587,000 after buying an additional 3,953 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in Cheniere Energy Partners during the 3rd quarter valued at $331,000. Finally, California Public Employees Retirement System grew its position in shares of Cheniere Energy Partners by 18.1% during the 3rd quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock valued at $1,116,000 after acquiring an additional 5,934 shares during the period.
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About Cheniere Energy Partners
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
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