Morningstar Assigns “B+” Credit Rating to Cheniere Energy Partners (CQP)
Cheniere Energy Partners (NYSE:CQP) has earned a “B+” credit rating from analysts at Morningstar. The firm’s “B+” rating indicates that the company is a high default risk. They also issued a positive credit outlook for the company and gave their stock a three star rating.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Cheniere Energy Partners from $29.00 to $31.00 in a research note on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Howard Weil initiated coverage on shares of Cheniere Energy Partners in a research note on Thursday, August 14th. They set a “sector perform” rating and a $39.00 price target on the stock. Finally, 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. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $35.80.
Shares of Cheniere Energy Partners (NYSE:CQP) opened at 32.80 on Friday. Cheniere Energy Partners has a 52 week low of $25.57 and a 52 week high of $34.60. The stock’s 50-day moving average is $32.51 and its 200-day moving average is $31.89. The company’s market cap is $11.080 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. On average, analysts predict that Cheniere Energy Partners will post $-1.90 earnings per share for the current fiscal year.
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.
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