Cheniere Energy Partners LP (AMEX:CQP) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Cheniere Energy Partners from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Monday, March 20th. Guggenheim started coverage on shares of Cheniere Energy Partners in a research report on Tuesday, April 18th. They issued a “neutral” rating on the stock. TheStreet upgraded shares of Cheniere Energy Partners from a “c” rating to a “b-” rating in a research report on Monday, March 20th. Morgan Stanley cut shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $33.00 to $31.00 in a research report on Tuesday, June 13th. Finally, Barclays PLC upped their price objective on shares of Cheniere Energy Partners from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Cheniere Energy Partners currently has a consensus rating of “Hold” and a consensus target price of $34.00.

Analyst Recommendations for Cheniere Energy Partners (AMEX:CQP)

Cheniere Energy Partners (AMEX:CQP) traded up 1.38% during midday trading on Thursday, hitting $30.87. 209,871 shares of the stock were exchanged. The company’s 50 day moving average is $31.84 and its 200 day moving average is $31.00. Cheniere Energy Partners has a 1-year low of $25.87 and a 1-year high of $33.47. The company’s market capitalization is $10.43 billion.

ILLEGAL ACTIVITY WARNING: This article was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/06/24/cheniere-energy-partners-lp-cqp-stock-rating-lowered-by-bidaskclub.html.

A number of hedge funds have recently modified their holdings of CQP. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of 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 valued at $194,000 after buying an additional 250 shares in the last quarter. Infrastructure Capital Advisors LLC purchased a new stake in shares of Cheniere Energy Partners during the fourth quarter valued at about $345,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of 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 valued at $996,000 after buying an additional 990 shares in the last quarter.

Cheniere Energy Partners Company Profile

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.

Receive News & Ratings for Cheniere Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.