Cheniere Energy Partners LP (CQP) Receives “Outperform” Rating from Credit Suisse Group AG
Cheniere Energy Partners LP (NYSEMKT:CQP)‘s stock had its “outperform” rating reissued by equities researchers at Credit Suisse Group AG in a report issued on Wednesday, StockTargetPrices.com reports.
Other analysts have also issued research reports about the company. Wolfe Research began coverage on Cheniere Energy Partners in a research note on Wednesday, June 22nd. They issued an “outperform” rating for the company. Barclays PLC dropped their price target on Cheniere Energy Partners from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday, September 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $32.63.
Cheniere Energy Partners (NYSEMKT:CQP) traded down 0.28% during trading on Wednesday, reaching $28.98. 63,121 shares of the company’s stock were exchanged. Cheniere Energy Partners has a 12 month low of $19.22 and a 12 month high of $31.49. The stock’s market cap is $9.79 billion. The firm has a 50 day moving average of $27.87 and a 200-day moving average of $28.49.
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Several institutional investors have recently modified their holdings of CQP. 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 last quarter. 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 last quarter. 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 last quarter. National Planning Corp acquired a new stake in Cheniere Energy Partners during the first quarter valued at approximately $224,000. Finally, 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 last quarter.
Cheniere Energy Partners Company Profile
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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