Cheniere Energy Partners (NYSEAMERICAN:CQP) has been assigned a $39.00 price target by equities researchers at Morgan Stanley in a research report issued to clients and investors on Wednesday. The firm presently has a “hold” rating on the energy company’s stock. Morgan Stanley’s target price would suggest a potential downside of 2.55% from the stock’s previous close.

A number of other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Cheniere Energy Partners from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. US Capital Advisors downgraded shares of Cheniere Energy Partners to a “hold” rating and boosted their price objective for the company from $35.00 to $40.00 in a report on Friday, August 24th. Scotiabank set a $41.00 price objective on shares of Cheniere Energy Partners and gave the company a “hold” rating in a report on Monday, August 20th. Wells Fargo & Co set a $45.00 price objective on shares of Cheniere Energy Partners and gave the company an “outperform” rating in a report on Monday, August 13th. They noted that the move was a valuation call. Finally, Stifel Nicolaus boosted their price objective on shares of Cheniere Energy Partners from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $39.11.

Shares of CQP opened at $40.02 on Wednesday. Cheniere Energy Partners has a 52 week low of $26.68 and a 52 week high of $40.56.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last announced its quarterly earnings results on Thursday, August 9th. The energy company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). Cheniere Energy Partners had a net margin of 24.64% and a return on equity of 266.18%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.44 billion.

A number of hedge funds and other institutional investors have recently bought and sold shares of CQP. Private Advisor Group LLC bought a new stake in Cheniere Energy Partners in the 2nd quarter valued at about $204,000. LPL Financial LLC bought a new stake in Cheniere Energy Partners in the 1st quarter valued at about $206,000. Searle & CO. bought a new stake in Cheniere Energy Partners in the 2nd quarter valued at about $216,000. Vishria Bird Financial Group LLC bought a new stake in Cheniere Energy Partners in the 2nd quarter valued at about $226,000. Finally, GSA Capital Partners LLP bought a new stake in Cheniere Energy Partners in the 1st quarter valued at about $271,000.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.

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Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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