Cheniere Energy Partners (NYSEAMERICAN:CQP) had its price target boosted by investment analysts at Morgan Stanley from $33.00 to $35.00 in a research report issued to clients and investors on Monday. The firm currently has an “equal weight” rating on the energy company’s stock. Morgan Stanley’s price objective suggests a potential upside of 15.63% from the company’s previous close.
CQP has been the topic of a number of other research reports. BidaskClub upgraded Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th. Royal Bank of Canada dropped their target price on Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating on the stock in a research report on Monday, October 16th. Zacks Investment Research lowered Cheniere Energy Partners from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Finally, Stifel Nicolaus began coverage on Cheniere Energy Partners in a research report on Thursday, January 4th. They issued a “hold” rating and a $30.00 target price on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $34.00.
Shares of Cheniere Energy Partners (NYSEAMERICAN CQP) opened at $30.27 on Monday. Cheniere Energy Partners has a 52 week low of $26.41 and a 52 week high of $33.47. The firm has a market capitalization of $14,650.00, a PE ratio of 52.19 and a beta of 0.90.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($1.56). The business had revenue of $903.00 million for the quarter, compared to analysts’ expectations of $1.14 billion. Cheniere Energy Partners had a return on equity of 19.48% and a net margin of 2.55%.
In related news, Director Jamie Welch purchased 8,654 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was bought at an average cost of $27.50 per share, with a total value of $237,985.00. Following the completion of the acquisition, the director now owns 8,654 shares of the company’s stock, valued at approximately $237,985. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Group L.P. Blackstone purchased 459,823 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was bought at an average cost of $29.56 per share, with a total value of $13,592,367.88. The disclosure for this purchase can be found here. Insiders acquired 838,701 shares of company stock valued at $24,581,185 over the last three months.
A number of large investors have recently made changes to their positions in the business. Koch Industries Inc. acquired a new position in Cheniere Energy Partners in the fourth quarter valued at approximately $227,000. Fairview Capital Investment Management LLC lifted its holdings in Cheniere Energy Partners by 1.8% in the fourth quarter. Fairview Capital Investment Management LLC now owns 1,862,458 shares of the energy company’s stock valued at $55,203,000 after acquiring an additional 32,085 shares during the period. Finepoint Capital LP acquired a new position in Cheniere Energy Partners in the fourth quarter valued at approximately $18,334,000. Virtu Financial LLC acquired a new position in Cheniere Energy Partners in the fourth quarter valued at approximately $224,000. Finally, Covalis Capital LLP acquired a new position in Cheniere Energy Partners in the fourth quarter valued at approximately $3,034,000.
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About Cheniere Energy Partners
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
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