Cheniere Energy Partners LP (CQP) Given Consensus Recommendation of “Buy” by Brokerages
Cheniere Energy Partners LP (AMEX:CQP) has been assigned an average rating of “Buy” from the ten research firms that are covering the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $35.00.
Several analysts recently commented on CQP shares. Zacks Investment Research raised Cheniere Energy Partners from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Wednesday, March 1st. Guggenheim started coverage on Cheniere Energy Partners in a research note on Tuesday, April 18th. They set a “neutral” rating on the stock. Barclays PLC raised their price objective on Cheniere Energy Partners from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. TheStreet raised Cheniere Energy Partners from a “c” rating to a “b-” rating in a research note on Monday, March 20th. Finally, Wells Fargo & Co started coverage on Cheniere Energy Partners in a research note on Wednesday, February 8th. They set an “outperform” rating on the stock.
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A number of institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its position in Cheniere Energy Partners by 2.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 34,558 shares of the energy company’s stock worth $996,000 after buying an additional 990 shares during the period. Moloney Securities Asset Management LLC purchased a new position in Cheniere Energy Partners during the fourth quarter worth about $268,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Cheniere Energy Partners by 3.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,637 shares of the energy company’s stock worth $194,000 after buying an additional 250 shares during the period. Finally, Infrastructure Capital Advisors LLC purchased a new position in Cheniere Energy Partners during the fourth quarter worth about $345,000.
Cheniere Energy Partners (AMEX:CQP) traded up 0.75% during trading on Tuesday, reaching $32.40. The company had a trading volume of 216,081 shares. The stock has a 50 day moving average price of $31.95 and a 200 day moving average price of $30.16. The firm’s market capitalization is $10.95 billion. Cheniere Energy Partners has a 12 month low of $25.87 and a 12 month high of $33.47.
About Cheniere Energy Partners
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
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