Cheniere Energy Partners Given Consensus Recommendation of “Hold” by Analysts (NYSE:CQP)
Cheniere Energy Partners (NYSE:CQP) has earned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Analyst Ratings News reports. Six analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $37.00.
Shares of Cheniere Energy Partners (NYSE:CQP) opened at 32.65 on Thursday. Cheniere Energy Partners has a 52 week low of $25.57 and a 52 week high of $34.60. The stock has a 50-day moving average of $32.55 and a 200-day moving average of $31.44. The company’s market cap is $11.029 billion.
Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Monday, August 4th. The company reported ($0.85) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.52) by $0.33. Analysts expect that Cheniere Energy Partners will post $-1.90 EPS for the current fiscal year.
A number of research firms have recently commented on CQP. Analysts at Howard Weil initiated coverage on shares of Cheniere Energy Partners in a research note on Thursday. They set a “sector perform” rating and a $39.00 price target on the stock. Separately, analysts at Raymond James initiated coverage on shares of Cheniere Energy Partners in a research note on Tuesday, June 10th. They set a “market perform” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Cheniere Energy Partners in a research note on Monday, June 2nd. They now have a $38.00 price target on the stock, up previously from $37.00.
Cheniere Energy Partners, L.P. (NYSE:CQP) is a United States-based company, which operates three, 100%-owned, onshore liquefied natural gas, or LNG, receiving terminals along the U.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.