Cheniere Energy Partners (NYSE:CQP) Stock Price Expected to Rise, Barclays Analyst Says

Cheniere Energy Partners (NYSE:CQP - Free Report) had its price objective upped by Barclays from $46.00 to $54.00 in a research report released on Thursday,Benzinga reports. Barclays currently has an underweight rating on the stock.

Several other equities analysts have also recently issued reports on CQP. Bank of America initiated coverage on shares of Cheniere Energy Partners in a research note on Thursday, October 17th. They set an "underperform" rating and a $46.00 target price on the stock. Wells Fargo & Company boosted their price objective 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 Stock Performance

Shares of NYSE:CQP traded up $0.16 during trading on Thursday, reaching $62.09. 151,045 shares of the stock traded hands, compared to its average volume of 191,831. Cheniere Energy Partners has a 52-week low of $45.51 and a 52-week high of $62.50. The company has a market capitalization of $30.05 billion, a PE ratio of 13.41 and a beta of 0.75. The firm's 50-day moving average price is $55.23.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.08). The business had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.06 billion. Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The business's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 earnings per share. Analysts predict that Cheniere Energy Partners will post 4.32 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Monday, November 4th. Cheniere Energy Partners's dividend payout ratio (DPR) is presently 66.95%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CQP. Millburn Ridgefield Corp purchased a new stake in shares of Cheniere Energy Partners during the 3rd quarter valued at about $116,000. Larson Financial Group LLC purchased a new stake in Cheniere Energy Partners during the third quarter valued at approximately $146,000. Charles Schwab Trust Co purchased a new stake in Cheniere Energy Partners during the fourth quarter valued at approximately $212,000. BIP Wealth LLC bought a new position in Cheniere Energy Partners in the third quarter worth approximately $244,000. Finally, Van ECK Associates Corp purchased a new position in shares of Cheniere Energy Partners during the 3rd quarter worth $416,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

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.