The stock of Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH) gapped up by $0.01 today and has $34.11 target or 50.00% above today’s $22.74 share price. The 9 months technical chart setup indicates low risk for the $5.21 billion company. The gap was reported on Oct, 1 by Barchart.com. If the $34.11 price target is reached, the company will be worth $2.61 billion more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 6.76% or $1.44 during the last trading session, hitting $22.74. About 1.86M shares traded hands or 1063.94% up from the average. Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH) has risen 35.60% since February 29, 2016 and is uptrending. It has outperformed by 25.17% the S&P500.
Analysts await Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH) to report earnings on November, 4. They expect $0.09 earnings per share, up 350.00% or $0.07 from last year’s $0.02 per share. CQH’s profit will be $20.62M for 63.17 P/E if the $0.09 EPS becomes a reality. After $0.02 actual earnings per share reported by Cheniere Energy Partners LP Holdings LLC for the previous quarter, Wall Street now forecasts 350.00% EPS growth.
Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH) Ratings Coverage
Out of 5 analysts covering Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Cheniere Energy Partners LP Holdings LLC has been the topic of 8 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Credit Suisse given on Wednesday, August 5. The rating was initiated by Global Hunter Securities with “Buy” on Thursday, July 23. Goldman Sachs downgraded it to “Neutral” rating and $22 target price in Wednesday, July 20 report. The stock has “Overweight” rating given by Barclays Capital on Monday, October 12. RBC Capital Markets maintained Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH) rating on Tuesday, November 3. RBC Capital Markets has “Outperform” rating and $30 price target.
According to Zacks Investment Research, “Cheniere Energy Partners LP Holdings, LLC owns and operates liquefied natural gas terminal. The terminal has regasification facilities. Cheniere Energy Partners LP Holdings, LLC is based in Houston, Texas.”
Insitutional Activity: The institutional sentiment increased to 0.93 in 2016 Q2. Its up 0.10, from 0.83 in 2016Q1. The ratio is positive, as 11 funds sold all Cheniere Energy Partners LP Holdings LLC shares owned while 29 reduced positions. 8 funds bought stakes while 29 increased positions. They now own 21.77 million shares or 10.34% less from 24.28 million shares in 2016Q1.
Northern Trust has 0% invested in the company for 74,900 shares. First Tru Advsrs Limited Partnership last reported 168,960 shares in the company. Hightower Advisors Ltd Limited Liability Company owns 21,501 shares or 0.01% of their US portfolio. Ladenburg Thalmann Fincl has 4,350 shares for 0% of their US portfolio. Suntrust Banks owns 8,000 shares or 0% of their US portfolio. Catalyst Capital Advsr Lc last reported 13,000 shares in the company. Creative Planning last reported 0% of its portfolio in the stock. Spirit Of America Mgmt Ny last reported 332,261 shares in the company. Castleark Mngmt Limited Co last reported 0.11% of its portfolio in the stock. Columbus Hill Capital Mgmt Ltd Partnership, a New Jersey-based fund reported 343,413 shares. Eagle Global Limited Liability Company holds 1.35 million shares or 1.19% of its portfolio. Ameriprise Fincl, a Minnesota-based fund reported 9,735 shares. Fred Alger Management has 30,450 shares for 0% of their US portfolio. Liberty Mutual Grp Asset Mgmt accumulated 0.04% or 40,191 shares. Jennison Assocs Limited holds 0.04% or 1.07M shares in its portfolio.
More important recent Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH) news were published by: Prnewswire.com which released: “Cheniere Energy Partners LP Holdings, LLC Receives Buyout Offer from Cheniere …” on September 30, 2016, also Prnewswire.com published article titled: “Cheniere Energy Partners LP Holdings, LLC Reports First Quarter 2016 Results”, Marketwatch.com published: “Cheniere Energy Partners LP Holdings LLC” on December 14, 2013. More interesting news about Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH) was released by: Investorplace.com and their article: “Biggest Movers in Transportation Stocks Now – CQH EURN FRO CQP” with publication date: September 30, 2016.
CQH Company Profile
Cheniere Energy Partners LP Holdings, LLC, incorporated on July 29, 2013, is a limited liability company. The Company’s business consists of owning and holding Cheniere Partners’ limited partner common units, Class B units and subordinated units. The Firm owns over 11,963,490 common units, which are entitled to quarterly cash distributions from Cheniere Partners, approximately 135,383,830 subordinated units and 45,333,330 Class B units.
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