How Bad Does Cheniere Energy Partners LP (AMEX:CQP) Look Now? J.P. Morgan Has Just Downgraded Shares

May 16, 2018 - By Peter Erickson

Cheniere Energy Partners LP (AMEX:CQP) Receives a Downgrade

In a report published on 15 May, J.P. Morgan announced a downgrade to shares of Cheniere Energy Partners LP (AMEX:CQP) to a Hold rating. The firm has a $31.0000 TP on the stock.

Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP) Ratings Coverage

Among 6 analysts covering Cheniere Energy Partners (AMEX:CQP), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Cheniere Energy Partners has $36.0 highest and $30 lowest target. $33.67’s average target is 3.60% above currents $32.5 stock price. Cheniere Energy Partners had 8 analyst reports since January 5, 2018 according to SRatingsIntel. The firm has “Hold” rating by J.P. Morgan given on Tuesday, May 15. The rating was maintained by Scotia Capital on Monday, January 29 with “Hold”. Morgan Stanley maintained the shares of CQP in report on Monday, February 12 with “Equal-Weight” rating. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, February 12. RBC Capital Markets maintained it with “Buy” rating and $36.0 target in Tuesday, January 16 report.

The stock increased 1.40% or $0.45 during the last trading session, reaching $32.5. About 147,713 shares traded. Cheniere Energy Partners, L.P. (AMEX:CQP) has declined 11.79% since May 16, 2017 and is downtrending. It has underperformed by 23.34% the S&P500.

Analysts await Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP) to report earnings on August, 14. They expect $0.50 EPS, up 113.48 % or $4.21 from last year’s $-3.71 per share. CQP’s profit will be $246.94 million for 16.25 P/E if the $0.50 EPS becomes a reality. After $0.67 actual EPS reported by Cheniere Energy Partners, L.P. for the previous quarter, Wall Street now forecasts -25.37 % negative EPS growth.

Cheniere Energy Partners, L.P., through its subsidiary Sabine Pass LNG, L.P., owns and operates regasification facilities at the Sabine Pass liquefied natural gas terminal located on the Sabine-Neches Waterway. The company has market cap of $16.05 billion. The companyÂ’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. It has a 26.99 P/E ratio. It also owns the Creole Trail Pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines.

Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP) Ratings Chart

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