Cheniere Energy Partners (NYSE:CQP) Given New $54.00 Price Target at Barclays

Cheniere Energy Partners (NYSE:CQP) had its price target boosted by equities researchers at Barclays from $46.00 to $54.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price target would indicate a potential downside of 11.94% from the company’s current price.

CQP has been the topic of a number of other reports. Bank of America initiated coverage on shares of Cheniere Energy Partners in a research note on Thursday, October 17th. They set an “underperform” rating and a $46.00 target price on the stock. Wells Fargo & Company lifted their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 18th.

Cheniere Energy Partners Stock Up 2.9 %

Shares of NYSE CQP traded up $1.74 during trading on Thursday, hitting $61.32. The company had a trading volume of 93,261 shares, compared to its average volume of 170,345. The firm has a market capitalization of $29.68 billion, a price-to-earnings ratio of 13.24 and a beta of 0.75. Cheniere Energy Partners has a fifty-two week low of $45.51 and a fifty-two week high of $61.35. The firm’s fifty day simple moving average is $55.00.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Sell-side analysts predict that Cheniere Energy Partners will post 4.32 EPS for the current year.

Institutional Investors Weigh In On Cheniere Energy Partners

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blankinship & Foster LLC purchased a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at approximately $424,000. JPMorgan Chase & Co. raised its stake in shares of Cheniere Energy Partners by 21.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock valued at $37,264,000 after acquiring an additional 137,477 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at approximately $866,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at approximately $1,286,000. Finally, M&T Bank Corp purchased a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at approximately $587,000. 46.55% of the stock is 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.