Cheniere Energy Partners (CQP) Now Covered by Goldman Sachs Group

Analysts at Goldman Sachs Group assumed coverage on shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) in a report released on Monday, The Fly reports. The brokerage set a “neutral” rating on the energy company’s stock.

Several other equities analysts have also recently weighed in on CQP. Scotiabank set a $41.00 price objective on Cheniere Energy Partners and gave the company a “hold” rating in a report on Monday, August 20th. US Capital Advisors cut Cheniere Energy Partners to a “hold” rating and raised their price objective for the company from $35.00 to $40.00 in a report on Friday, August 24th. Zacks Investment Research cut Cheniere Energy Partners from a “buy” rating to a “hold” rating in a report on Monday, September 10th. Barclays set a $38.00 price objective on Cheniere Energy Partners and gave the company a “hold” rating in a report on Thursday, July 5th. Finally, Morgan Stanley set a $39.00 price objective on Cheniere Energy Partners and gave the company a “hold” rating in a report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Cheniere Energy Partners presently has a consensus rating of “Hold” and an average target price of $39.11.

CQP stock traded down $0.59 during trading hours on Monday, reaching $38.95. 127,800 shares of the stock were exchanged, compared to its average volume of 282,563. Cheniere Energy Partners has a 12 month low of $26.68 and a 12 month high of $40.56.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its earnings results on Thursday, August 9th. The energy company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.44 billion. Cheniere Energy Partners had a return on equity of 266.18% and a net margin of 24.64%.

A number of large investors have recently modified their holdings of the stock. Northern Trust Corp lifted its stake in Cheniere Energy Partners by 16.8% in the 2nd quarter. Northern Trust Corp now owns 195,620 shares of the energy company’s stock valued at $7,033,000 after purchasing an additional 28,132 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Cheniere Energy Partners by 234.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 316,560 shares of the energy company’s stock valued at $2,780,000 after purchasing an additional 222,042 shares during the last quarter. First Republic Investment Management Inc. acquired a new stake in Cheniere Energy Partners in the 2nd quarter valued at about $383,000. Renaissance Technologies LLC acquired a new stake in Cheniere Energy Partners in the 2nd quarter valued at about $2,797,000. Finally, Columbus Hill Capital Management L.P. lifted its stake in Cheniere Energy Partners by 55.7% in the 2nd quarter. Columbus Hill Capital Management L.P. now owns 386,492 shares of the energy company’s stock valued at $13,894,000 after purchasing an additional 138,324 shares during 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.

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Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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