JPMorgan Chase & Co. Issues Positive Forecast for Cheniere Energy Partners (NYSE:CQP) Stock Price

Cheniere Energy Partners (NYSE:CQP) had its price target lifted by research analysts at JPMorgan Chase & Co. from $64.00 to $65.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 5.24% from the stock’s current price.

CQP has been the topic of a number of other reports. Royal Bank Of Canada raised their price target on shares of Cheniere Energy Partners from $62.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Monday, August 24th. Barclays increased their price objective on shares of Cheniere Energy Partners from $63.00 to $66.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. Finally, Weiss Ratings raised shares of Cheniere Energy Partners from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $62.00.

Cheniere Energy Partners Stock Performance

Shares of CQP stock traded up $0.18 on Friday, hitting $68.59. 50,698 shares of the stock traded hands, compared to its average volume of 115,509. The company’s fifty day moving average is $65.56 and its 200 day moving average is $63.89. Cheniere Energy Partners has a 1-year low of $49.53 and a 1-year high of $71.25. The company has a market capitalization of $33.20 billion, a PE ratio of 12.45 and a beta of 0.32. The company has a debt-to-equity ratio of 19.01, a current ratio of 1.22 and a quick ratio of 1.09.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $1.13. Cheniere Energy Partners had a net margin of 27.31% and a return on equity of 1,121.60%. The firm had revenue of $2.58 billion during the quarter. During the same period in the prior year, the firm earned $0.91 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts predict that Cheniere Energy Partners will post 4.41 earnings per share for the current fiscal year.

Institutional Trading of Cheniere Energy Partners

Large investors have recently modified their holdings of the company. Infrastructure Capital Advisors LLC raised its stake in shares of Cheniere Energy Partners by 43.3% during the first quarter. Infrastructure Capital Advisors LLC now owns 226,611 shares of the company’s stock valued at $14,646,000 after purchasing an additional 68,436 shares in the last quarter. Alps Advisors Inc. grew its position in Cheniere Energy Partners by 3.7% in the 4th quarter. Alps Advisors Inc. now owns 9,338,942 shares of the company’s stock valued at $499,447,000 after buying an additional 336,946 shares in the last quarter. Abacus FCF Advisors LLC grew its position in Cheniere Energy Partners by 161.2% in the 2nd quarter. Abacus FCF Advisors LLC now owns 195,939 shares of the company’s stock valued at $11,942,000 after buying an additional 120,937 shares in the last quarter. UBS Group AG increased its stake in Cheniere Energy Partners by 5.2% during the 4th quarter. UBS Group AG now owns 594,594 shares of the company’s stock valued at $31,799,000 after buying an additional 29,517 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Cheniere Energy Partners by 52,982.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 252,673 shares of the company’s stock valued at $13,513,000 after buying an additional 252,197 shares during the period. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.