Cheniere Energy Partners LP Holdings LLC (CQH) Receives $30.90 Average PT from Analysts
Cheniere Energy Partners LP Holdings LLC (NYSEAMERICAN:CQH) has been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $30.90.
CQH has been the subject of several research reports. Royal Bank of Canada downgraded Cheniere Energy Partners from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 10th. Scotiabank set a $29.00 price target on Cheniere Energy Partners and gave the stock a “hold” rating in a research note on Monday, August 20th. Zacks Investment Research upgraded Cheniere Energy Partners from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Wednesday, August 8th. Finally, US Capital Advisors reiterated a “hold” rating on shares of Cheniere Energy Partners in a research note on Tuesday, July 17th.
Several hedge funds have recently bought and sold shares of the company. Guggenheim Capital LLC bought a new position in Cheniere Energy Partners in the 1st quarter worth about $203,000. Citadel Advisors LLC bought a new position in Cheniere Energy Partners in the 2nd quarter worth about $239,000. Janus Henderson Group PLC bought a new position in Cheniere Energy Partners in the 2nd quarter worth about $292,000. UBS Group AG boosted its stake in Cheniere Energy Partners by 20,344.4% in the 1st quarter. UBS Group AG now owns 18,400 shares of the energy company’s stock worth $508,000 after purchasing an additional 18,310 shares during the period. Finally, Gabelli Funds LLC bought a new position in Cheniere Energy Partners in the 2nd quarter worth about $574,000.
Cheniere Energy Partners (NYSEAMERICAN:CQH) last announced its quarterly earnings data on Thursday, August 9th. The energy company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The business had revenue of $131.93 million during the quarter, compared to analysts’ expectations of $136.74 million.
Cheniere Energy Partners Company Profile
Cheniere Energy Partners LP Holdings, LLC, through its interest in Cheniere Energy Partners, L.P., develops, constructs, owns, and operates liquefied natural gas (LNG) regasification facilities at the Sabine Pass LNG terminal located on the Sabine-Neches Waterway. It also owns a 94-mile pipeline, which interconnects the Sabine Pass LNG terminal with various interstate pipelines.
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