Cheniere Energy Partners (NYSE:CQP) Stock Rating Lowered by Stifel Nicolaus

Cheniere Energy Partners (NYSE:CQP - Get Free Report) was downgraded by analysts at Stifel Nicolaus from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday, MarketBeat reports. They currently have a $51.00 price target on the stock, up from their prior price target of $50.00. Stifel Nicolaus' target price points to a potential downside of 19.86% from the stock's previous close.

Several other equities research analysts have also weighed in on CQP. Wells Fargo & Company raised their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an "underweight" rating in a research note on Wednesday, December 18th. Barclays boosted their price objective on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, January 16th.

Cheniere Energy Partners Stock Down 0.5 %

NYSE:CQP traded down $0.33 during mid-day trading on Friday, reaching $63.64. 139,681 shares of the stock were exchanged, compared to its average volume of 259,719. The business's fifty day moving average price is $58.96. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $66.47. The company has a market cap of $30.80 billion, a price-to-earnings ratio of 14.94 and a beta of 0.76.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its quarterly earnings data 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 325.95% and a net margin of 28.84%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.37 billion. As a group, research analysts expect that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Institutional Trading of Cheniere Energy Partners

Several institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp acquired a new position in shares of Cheniere Energy Partners in the third quarter worth $416,000. Empowered Funds LLC boosted its position in 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 purchasing an additional 1,043 shares during the period. BIP Wealth LLC acquired a new position in Cheniere Energy Partners during the third quarter valued at approximately $244,000. Larson Financial Group LLC acquired a new stake in shares of Cheniere Energy Partners in the third quarter worth $146,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Cheniere Energy Partners during the 3rd quarter worth $866,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

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.