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

Zacks Investment Research lowered shares of Cheniere Energy Partners (NYSEAMERICAN:CQH) from a hold rating to a sell rating in a research note published on Wednesday, January 10th.

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. “

Several other research firms also recently issued reports on CQH. BidaskClub upgraded Cheniere Energy Partners from a strong sell rating to a sell rating in a report on Friday, October 13th. US Capital Advisors lowered shares of Cheniere Energy Partners from an overweight rating to a hold rating in a research note on Thursday, January 4th. Finally, Morgan Stanley increased their target price on shares of Cheniere Energy Partners from $22.00 to $23.00 and gave the stock an equal weight rating in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $26.00.

Cheniere Energy Partners (NYSEAMERICAN CQH) traded down $0.28 during midday trading on Wednesday, reaching $28.50. 25,208 shares of the company’s stock were exchanged, compared to its average volume of 134,714. The company has a market cap of $6,670.00, a P/E ratio of 359.75 and a beta of 0.99. Cheniere Energy Partners has a 52-week low of $22.31 and a 52-week high of $29.73.

Cheniere Energy Partners (NYSEAMERICAN:CQH) last issued its earnings results on Tuesday, November 14th. The energy company reported $0.02 EPS for the quarter, missing the 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 added to or reduced their stakes in the business. GSA Capital Partners LLP boosted its position in shares of Cheniere Energy Partners by 102.8% in the third quarter. GSA Capital Partners LLP now owns 16,443 shares of the energy company’s stock valued at $412,000 after acquiring an additional 8,337 shares during the period. Atlantic Trust Group LLC raised its stake in shares of Cheniere Energy Partners by 9.1% during the 3rd quarter. Atlantic Trust Group LLC now owns 2,110,957 shares of the energy company’s stock worth $52,943,000 after buying an additional 175,993 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Cheniere Energy Partners during the 3rd quarter worth approximately $327,000. Susquehanna International Group LLP raised its stake in shares of 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 buying an additional 12,211 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of 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 buying an additional 9,701 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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