Cheniere Energy Partners (NYSE:CQP) Lowered to “Sell” Rating by Stifel Nicolaus

Cheniere Energy Partners (NYSE:CQP) was downgraded by analysts at Stifel Nicolaus from a “hold” rating to a “sell” rating in a research note issued on Friday, Marketbeat.com reports. They currently have a $51.00 target price on the stock, up from their prior target price of $50.00. Stifel Nicolaus’ target price would suggest a potential downside of 18.15% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the company. Barclays boosted their price target on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company boosted their price target on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th.

Cheniere Energy Partners Price Performance

Cheniere Energy Partners stock opened at $62.31 on Friday. The firm has a market capitalization of $30.16 billion, a price-to-earnings ratio of 14.63 and a beta of 0.76. The firm has a fifty day simple moving average of $58.78. Cheniere Energy Partners has a 52 week low of $45.51 and a 52 week high of $66.47.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, February 20th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02). The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.37 billion. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. As a group, equities research analysts forecast that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Cheniere Energy Partners

Several institutional investors and hedge funds have recently modified their holdings of CQP. Vermillion Wealth Management Inc. purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter worth about $29,000. Valley National Advisers Inc. boosted its position in shares of Cheniere Energy Partners by 30.1% in the fourth quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock worth $71,000 after buying an additional 310 shares during the period. IFP Advisors Inc boosted its position in shares of Cheniere Energy Partners by 53.7% in the fourth quarter. IFP Advisors Inc now owns 1,825 shares of the company’s stock worth $97,000 after buying an additional 638 shares during the period. Millburn Ridgefield Corp purchased a new stake in shares of Cheniere Energy Partners in the third quarter worth about $116,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Cheniere Energy Partners by 64.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock worth $135,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 46.55% of the company’s stock.

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.