Cheniere Energy Partners LP (NYSEMKT:CQP) has earned a consensus rating of “Buy” from the nine research firms that are currently covering the company. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $33.57.

Several equities research analysts have weighed in on CQP shares. Barclays PLC lowered their price objective on shares of Cheniere Energy Partners from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Tuesday, September 6th. Citigroup Inc. restated a “buy” rating and issued a $36.00 price objective on shares of Cheniere Energy Partners in a research report on Wednesday, May 25th. Finally, Wolfe Research started coverage on shares of Cheniere Energy Partners in a research report on Wednesday, June 22nd. They issued an “outperform” rating for the company.

Shares of Cheniere Energy Partners (NYSEMKT:CQP) opened at 27.98 on Thursday. The stock’s market cap is $9.45 billion. Cheniere Energy Partners has a 12 month low of $19.22 and a 12 month high of $31.49. The company has a 50 day moving average of $27.12 and a 200 day moving average of $28.41.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Duff & Phelps Investment Management Co. purchased a new position in Cheniere Energy Partners during the first quarter valued at $2,307,000. ING Groep NV boosted its position 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 period. State Street Corp boosted its position 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 period. National Planning Corp bought a new position in Cheniere Energy Partners during the first quarter valued at $224,000. Finally, Harvest Fund Advisors LLC boosted its position 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 period.

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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