Cheniere Energy Partners LP (CQP) Earns Outperform Rating from Credit Suisse Group AG
Cheniere Energy Partners LP (NYSEMKT:CQP)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse Group AG in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports.
Other equities research analysts have also issued research reports about the stock. Wolfe Research initiated coverage on shares of Cheniere Energy Partners in a report on Wednesday, June 22nd. They issued an “outperform” rating for the company. Barclays PLC reduced their price target on shares of Cheniere Energy Partners from $36.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday, September 6th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $32.63.
Cheniere Energy Partners (NYSEMKT:CQP) traded down 0.96% during midday trading on Wednesday, hitting $28.78. 103,658 shares of the stock were exchanged. Cheniere Energy Partners has a 12 month low of $19.22 and a 12 month high of $31.49. The firm’s 50 day moving average price is $27.87 and its 200 day moving average price is $28.49. The company’s market cap is $9.72 billion.
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Hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in Cheniere Energy Partners by 3.4% in the first quarter. LPL Financial LLC now owns 38,536 shares of the company’s stock valued at $1,045,000 after buying an additional 1,283 shares during the period. State Street Corp increased its stake in Cheniere Energy Partners by 4.1% in the first quarter. State Street Corp now owns 40,614 shares of the company’s stock valued at $1,172,000 after buying an additional 1,589 shares during the period. National Planning Corp acquired a new stake in Cheniere Energy Partners during the first quarter valued at approximately $224,000. ING Groep NV increased its stake in Cheniere Energy Partners by 950.9% in the first quarter. ING Groep NV now owns 420,357 shares of the company’s stock valued at $12,098,000 after buying an additional 380,357 shares during the period. Finally, Harvest Fund Advisors LLC increased its stake in Cheniere Energy Partners by 84.7% in the first quarter. Harvest Fund Advisors LLC now owns 1,973,686 shares of the company’s stock valued at $56,921,000 after buying an additional 905,216 shares during the period.
About Cheniere Energy Partners
Cheniere Energy Partners, L.P. is a limited partnership formed by Cheniere Energy, Inc The Company operates in LNG terminal business segment. Through its subsidiary, Sabine Pass LNG, L.P. (SPLNG), the Company owns and operates the regasification facilities at the Sabine Pass LNG terminal located on the Sabine-Neches Waterway approximately four miles from the Gulf Coast.
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