Cheniere Energy Partners (NYSEAMERICAN:CQP) Given a $32.00 Price Target at Stifel Nicolaus

Cheniere Energy Partners (NYSEAMERICAN:CQP) has been assigned a $32.00 target price by Stifel Nicolaus in a research note issued to investors on Monday, May 7th. The firm currently has a “hold” rating on the energy company’s stock. Stifel Nicolaus’ price objective points to a potential downside of 2.50% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. TheStreet raised Cheniere Energy Partners from a “c” rating to a “b” rating in a research report on Monday, March 19th. Morgan Stanley increased their price objective on Cheniere Energy Partners from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Barclays set a $35.00 price objective on Cheniere Energy Partners and gave the company a “hold” rating in a research report on Monday, February 12th. Zacks Investment Research cut Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 6th. Finally, Citigroup increased their price objective on Cheniere Energy Partners from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, March 27th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $34.14.

Cheniere Energy Partners opened at $32.82 on Monday, Marketbeat.com reports. Cheniere Energy Partners has a 52 week low of $31.86 and a 52 week high of $32.39.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its quarterly earnings data on Friday, May 4th. The energy company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.40 billion. Cheniere Energy Partners had a return on equity of 266.18% and a net margin of 24.64%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System raised its stake in Cheniere Energy Partners by 18.1% during the third quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock worth $1,116,000 after acquiring an additional 5,934 shares in the last quarter. Bank of Montreal Can raised its stake in Cheniere Energy Partners by 19.5% during the fourth quarter. Bank of Montreal Can now owns 769,937 shares of the energy company’s stock worth $22,821,000 after acquiring an additional 125,694 shares in the last quarter. Duff & Phelps Investment Management Co. raised its stake in Cheniere Energy Partners by 4.8% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 220,000 shares of the energy company’s stock worth $6,521,000 after acquiring an additional 10,000 shares in the last quarter. Jennison Associates LLC raised its stake in Cheniere Energy Partners by 0.3% during the fourth quarter. Jennison Associates LLC now owns 973,425 shares of the energy company’s stock worth $28,852,000 after acquiring an additional 2,496 shares in the last quarter. Finally, Alps Advisors Inc. increased its stake in shares of Cheniere Energy Partners by 13.0% in the fourth quarter. Alps Advisors Inc. now owns 18,596 shares of the energy company’s stock valued at $551,000 after buying an additional 2,141 shares in the last quarter.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.

Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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