Cheniere Energy Partners (CQH) Rating Lowered to Sell at Zacks Investment Research

Cheniere Energy Partners (NYSEAMERICAN:CQH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

According to Zacks, “Cheniere Energy Partners LP Holdings, LLC owns and operates liquefied natural gas terminal. The terminal has regasification facilities. Cheniere Energy Partners LP Holdings, LLC is based in Houston, Texas. “

CQH has been the subject of a number of other research reports. BidaskClub raised shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Friday, October 13th. Morgan Stanley upped their price objective on shares of Cheniere Energy Partners from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Finally, US Capital Advisors downgraded shares of Cheniere Energy Partners from an “overweight” rating to a “hold” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Cheniere Energy Partners has an average rating of “Hold” and an average price target of $26.00.

Cheniere Energy Partners (CQH) traded up $0.27 during midday trading on Wednesday, hitting $28.15. 62,257 shares of the stock were exchanged, compared to its average volume of 119,511. Cheniere Energy Partners has a one year low of $22.31 and a one year high of $28.76. The firm has a market cap of $6,520.00, a P/E ratio of 351.88 and a beta of 1.03.

Cheniere Energy Partners (NYSEAMERICAN:CQH) last posted its quarterly earnings data on Tuesday, November 14th. The energy company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.31). The firm had revenue of $5.08 million for the quarter, compared to the consensus estimate of $104.60 million.

A number of institutional investors and hedge funds have recently bought and sold shares of CQH. Jane Street Group LLC acquired a new stake in Cheniere Energy Partners during the 3rd quarter worth approximately $327,000. Cubist Systematic Strategies LLC acquired a new stake in Cheniere Energy Partners during the 3rd quarter worth approximately $205,000. California Public Employees Retirement System increased its position in Cheniere Energy Partners by 39.6% during the 3rd quarter. California Public Employees Retirement System now owns 34,201 shares of the energy company’s stock worth $858,000 after purchasing an additional 9,701 shares in the last quarter. GSA Capital Partners LLP increased its position in Cheniere Energy Partners by 102.8% during the 3rd quarter. GSA Capital Partners LLP now owns 16,443 shares of the energy company’s stock worth $412,000 after purchasing an additional 8,337 shares in the last quarter. Finally, Susquehanna International Group LLP increased its position in Cheniere Energy Partners by 152.3% during the 3rd quarter. Susquehanna International Group LLP now owns 20,227 shares of the energy company’s stock worth $507,000 after purchasing an additional 12,211 shares in the last quarter.

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Cheniere Energy Partners Company Profile

Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings) is a limited liability company. The Company’s business consists of owning and holding Cheniere Energy Patners, L.P. (Cheniere Partners) limited partner common units, Class B units and subordinated units (collectively, the Cheniere Partners units), along with cash or other property that it receives as distributions in respect of such units.

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