Stifel Nicolaus Downgrades Cheniere Energy Partners (NYSE:CQP) to Sell

Cheniere Energy Partners (NYSE:CQP) was downgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “sell” rating in a report issued on Friday,Finviz reports. They currently have a $51.00 target price on the stock, up from their previous target price of $50.00. Stifel Nicolaus’ target price points to a potential downside of 18.93% from the company’s current price.

Other research analysts have also issued research reports about the stock. Barclays raised their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Wells Fargo & Company raised their price target on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th.

Cheniere Energy Partners Price Performance

CQP opened at $62.91 on Friday. The business has a 50 day moving average of $58.70. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $66.47. The firm has a market capitalization of $30.45 billion, a PE ratio of 13.59 and a beta of 0.76.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. On average, research analysts expect that Cheniere Energy Partners will post 4.29 earnings per share for the current year.

Institutional Trading of Cheniere Energy Partners

A number of hedge funds have recently made changes to their positions in CQP. Van ECK Associates Corp purchased a new stake in shares of Cheniere Energy Partners during the third quarter valued at approximately $416,000. Empowered Funds LLC grew its position in shares of Cheniere Energy Partners by 3.4% during the third quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock worth $1,535,000 after buying an additional 1,043 shares in the last quarter. BIP Wealth LLC acquired a new stake in shares of Cheniere Energy Partners during the third quarter worth approximately $244,000. Larson Financial Group LLC acquired a new stake in shares of Cheniere Energy Partners during the third quarter worth approximately $146,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Cheniere Energy Partners during the third quarter worth approximately $866,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.