Cheniere Energy Partners (NYSEAMERICAN:CQP) was downgraded by research analysts at US Capital Advisors to a “hold” rating in a research report issued to clients and investors on Friday, August 24th, The Fly reports. They currently have a $40.00 price target on the energy company’s stock, up from their prior price target of $35.00. US Capital Advisors’ target price would indicate a potential upside of 4.11% from the stock’s current price.

A number of other research firms also recently commented on CQP. Zacks Investment Research raised shares of Cheniere Energy Partners from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, August 22nd. Scotiabank set a $41.00 target price on Cheniere Energy Partners and gave the stock a “hold” rating in a report on Monday, August 20th. Wells Fargo & Co set a $45.00 price target on Cheniere Energy Partners and gave the stock an “outperform” rating in a report on Monday, August 13th. They noted that the move was a valuation call. Stifel Nicolaus upped their price target on Cheniere Energy Partners from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, August 10th. Finally, Barclays set a $38.00 price target on Cheniere Energy Partners and gave the stock a “hold” rating in a report on Thursday, July 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $38.00.

Shares of NYSEAMERICAN CQP traded down $0.04 during trading on Friday, hitting $38.42. 218,128 shares of the company were exchanged, compared to its average volume of 290,014. Cheniere Energy Partners has a 1 year low of $26.68 and a 1 year high of $40.01.

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

Several institutional investors and hedge funds have recently modified their holdings of CQP. Private Advisor Group LLC acquired a new position in shares of Cheniere Energy Partners during the second quarter valued at $204,000. LPL Financial LLC bought a new position in Cheniere Energy Partners during the first quarter valued at about $206,000. Usca Ria LLC bought a new position in Cheniere Energy Partners during the first quarter valued at about $212,000. Searle & CO. bought a new position in Cheniere Energy Partners during the second quarter valued at about $216,000. Finally, Vishria Bird Financial Group LLC bought a new position in Cheniere Energy Partners during the second quarter valued at about $226,000.

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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