Cheniere Energy Partners LP (CQP) Given Average Recommendation of “Buy” by Brokerages
Shares of Cheniere Energy Partners LP (AMEX:CQP) have been given a consensus rating of “Buy” by the twelve analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $33.75.
A number of equities research analysts recently commented on CQP shares. ValuEngine raised Cheniere Energy Partners from a “hold” rating to a “buy” rating in a research report on Monday, July 17th. Morgan Stanley lowered Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $33.00 to $31.00 in a research report on Tuesday, June 13th. BidaskClub raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Guggenheim started coverage on Cheniere Energy Partners in a research report on Tuesday, April 18th. They issued a “neutral” rating for the company. Finally, Barclays PLC increased their price target on Cheniere Energy Partners from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th.
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Cheniere Energy Partners (CQP) opened at 29.35 on Tuesday. Cheniere Energy Partners has a 52-week low of $25.87 and a 52-week high of $33.47. The firm’s 50-day moving average is $31.20 and its 200-day moving average is $31.41. The company’s market capitalization is $9.92 billion.
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.
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