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

Cheniere Energy Partners (NYSE:CQP) had its price target reduced by UBS Group from $53.00 to $50.00 in a research report report published on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

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

Cheniere Energy Partners Trading Up 1.3 %

NYSE:CQP opened at $49.06 on Wednesday. The company has a market capitalization of $23.75 billion, a PE ratio of 7.06 and a beta of 0.68. The firm’s 50-day simple moving average is $49.21. Cheniere Energy Partners has a 52 week low of $43.42 and a 52 week high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, February 22nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.71 by $0.25. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%. As a group, research analysts forecast that Cheniere Energy Partners will post 3.54 EPS for the current year.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creekmur Asset Management LLC purchased a new position in shares of Cheniere Energy Partners in the 4th quarter worth approximately $25,000. Baystate Wealth Management LLC bought a new stake in Cheniere Energy Partners in the fourth quarter worth $25,000. Lee Financial Co lifted its position in Cheniere Energy Partners by 535.9% in the fourth quarter. Lee Financial Co now owns 1,170 shares of the company’s stock worth $58,000 after buying an additional 986 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Cheniere Energy Partners by 34.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,388 shares of the company’s stock worth $72,000 after buying an additional 353 shares during the period. Finally, NBC Securities Inc. bought a new position in Cheniere Energy Partners during the third quarter valued at $115,000. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

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.