Stifel Nicolaus Begins Coverage on Cheniere Energy Partners (CQP)

Stock analysts at Stifel Nicolaus started coverage on shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) in a report released on Thursday, January 4th, MarketBeat Ratings reports. The firm set a “hold” rating and a $30.00 price target on the energy company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 0.20% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada dropped 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 research report on Monday, October 16th. BMO Capital Markets assumed coverage on shares of Cheniere Energy Partners in a research report on Monday, September 25th. They set an “outperform” rating and a $32.00 target price for the company. BidaskClub upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research 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 research report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $33.63.

Shares of Cheniere Energy Partners (NYSEAMERICAN CQP) remained flat at $$29.94 during mid-day trading on Thursday. 106,300 shares of the company were exchanged, compared to its average volume of 137,157. Cheniere Energy Partners has a 1-year low of $26.41 and a 1-year high of $33.47. The firm has a market capitalization of $14,370.00, a PE ratio of 51.62 and a beta of 0.97.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last announced its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($1.56). The firm had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $1.14 billion. Cheniere Energy Partners had a return on equity of 19.48% and a net margin of 2.55%.

In other Cheniere Energy Partners news, Director Jamie Welch bought 8,654 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were acquired at an average price of $27.50 per share, with a total value of $237,985.00. Following the transaction, the director now owns 8,654 shares of the company’s stock, valued at approximately $237,985. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Gso Holdings I. Llc bought 228,535 shares of the business’s stock in a transaction on Friday, December 28th. The shares were acquired at an average cost of $29.63 per share, for a total transaction of $6,771,492.05. The disclosure for this purchase can be found here. Insiders purchased a total of 838,701 shares of company stock worth $24,581,185 in the last ninety days.

Large investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at about $331,000. First Allied Advisory Services Inc. boosted its holdings in shares of Cheniere Energy Partners by 45.0% in 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 in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Cheniere Energy Partners by 18.1% in 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 buying an additional 5,934 shares in the last quarter. Jane Street Group LLC boosted its stake in Cheniere Energy Partners by 7.7% in the 3rd quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock worth $1,587,000 after purchasing an additional 3,953 shares in the last quarter. Finally, Blackstone Group L.P. boosted its stake in Cheniere Energy Partners by 5,731.3% in the 3rd quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock worth $5,834,629,000 after purchasing an additional 198,978,886 shares in the last quarter.

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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.

Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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