Cheniere Energy Partners LP (CQP) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Cheniere Energy Partners LP (AMEX:CQP) have earned an average rating of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $33.75.
CQP has been the subject of a number of research reports. BidaskClub cut Cheniere Energy Partners from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. ValuEngine upgraded Cheniere Energy Partners from a “hold” rating to a “buy” rating in a report on Monday, July 17th. Finally, Morgan Stanley cut Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $33.00 to $31.00 in a report on Tuesday, June 13th.
Shares of Cheniere Energy Partners (AMEX CQP) opened at 27.71 on Wednesday. The company has a 50 day moving average of $27.99 and a 200-day moving average of $30.73. Cheniere Energy Partners has a one year low of $25.97 and a one year high of $33.47. The stock has a market cap of $13.41 billion and a price-to-earnings ratio of 97.23.
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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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