Cheniere Energy Partners LP Holdings LLC (NYSEAMERICAN:CQH) has received a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $30.90.
Several equities research analysts recently weighed in on the stock. US Capital Advisors reiterated a “hold” rating on shares of Cheniere Energy Partners in a research note on Tuesday, July 17th. Zacks Investment Research cut shares of Cheniere Energy Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Royal Bank of Canada cut shares of Cheniere Energy Partners from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 10th. Finally, Scotiabank set a $29.00 target price on shares of Cheniere Energy Partners and gave the company a “hold” rating in a research note on Monday, August 20th.
Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Cheniere Energy Partners by 17.2% in the first quarter. Dimensional Fund Advisors LP now owns 229,617 shares of the energy company’s stock worth $6,339,000 after purchasing an additional 33,683 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Cheniere Energy Partners in the second quarter worth about $8,897,000. Franklin Square Holdings L.P. acquired a new position in Cheniere Energy Partners in the second quarter worth about $821,000. Perella Weinberg Partners Capital Management LP acquired a new position in Cheniere Energy Partners in the second quarter worth about $6,312,000. Finally, GSA Capital Partners LLP raised its position in Cheniere Energy Partners by 122.3% in the second quarter. GSA Capital Partners LLP now owns 62,557 shares of the energy company’s stock worth $1,967,000 after purchasing an additional 34,421 shares in the last quarter.
CQH stock remained flat at $$32.07 during mid-day trading on Friday. Cheniere Energy Partners has a 1 year low of $24.03 and a 1 year high of $33.59.
Cheniere Energy Partners (NYSEAMERICAN:CQH) last released its earnings results on Thursday, August 9th. The energy company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). Cheniere Energy Partners had a net margin of 99.47% and a return on equity of 150,656.80%. The company had revenue of $131.93 million during the quarter, compared to the consensus estimate of $136.74 million.
Cheniere Energy Partners Company Profile
Cheniere Energy Partners LP Holdings, LLC, through its interest in Cheniere Energy Partners, L.P., develops, constructs, owns, and operates liquefied natural gas (LNG) regasification facilities at the Sabine Pass LNG terminal located on the Sabine-Neches Waterway. It also owns a 94-mile pipeline, which interconnects the Sabine Pass LNG terminal with various interstate pipelines.
Read More: Return on Investment (ROI)
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