Sanford C. Bernstein Initiates Coverage on Cheniere Energy Partners (NYSE:CQP)

Sanford C. Bernstein began coverage on shares of Cheniere Energy Partners (NYSE:CQP) in a research report issued to clients and investors on Monday, Briefing.com reports. The brokerage set a “market perform” rating on the stock.

Several other research firms also recently commented on CQP. Barclays dropped their price objective on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating on the stock in a report on Thursday, April 18th. UBS Group dropped their price objective on shares of Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $49.00.

Cheniere Energy Partners Stock Up 0.3 %

Shares of NYSE:CQP opened at $47.62 on Monday. The business has a 50-day moving average of $48.51. The stock has a market cap of $23.05 billion, a P/E ratio of 10.29 and a beta of 0.67. Cheniere Energy Partners has a fifty-two week low of $45.30 and a fifty-two week high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Friday, May 3rd. The company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $1.90 billion. Cheniere Energy Partners had a net margin of 33.19% and a negative return on equity of 275.07%. The firm’s quarterly revenue was down 21.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 EPS. As a group, analysts predict that Cheniere Energy Partners will post 4.61 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Cheniere Energy Partners by 15.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211,677 shares of the company’s stock worth $110,119,000 after purchasing an additional 298,335 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of Cheniere Energy Partners by 13.1% during the third quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock valued at $376,776,000 after purchasing an additional 802,824 shares during the period. Requisite Capital Management LLC purchased a new stake in shares of Cheniere Energy Partners during the fourth quarter valued at approximately $3,419,000. Custom Index Systems LLC purchased a new stake in shares of Cheniere Energy Partners during the fourth quarter valued at approximately $1,429,000. Finally, Invesco Ltd. boosted its stake in shares of Cheniere Energy Partners by 170.2% during the third quarter. Invesco Ltd. now owns 391,808 shares of the company’s stock valued at $21,232,000 after purchasing an additional 246,808 shares during the period. 46.55% of the stock is currently owned by institutional investors.

About Cheniere Energy Partners

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.