Cheniere Energy Partners LP (CQP) Receives $33.75 Consensus Target Price from Brokerages
Cheniere Energy Partners LP (AMEX:CQP) has been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $33.75.
Several research analysts have recently commented on the stock. ValuEngine lowered shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. BidaskClub lowered shares of Cheniere Energy Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, Morgan Stanley lowered shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $33.00 to $31.00 in a research note on Tuesday, June 13th.
Cheniere Energy Partners (CQP) traded down 1.60% during mid-day trading on Friday, hitting $27.14. 269,789 shares of the stock were exchanged. The firm has a market capitalization of $13.14 billion and a price-to-earnings ratio of 95.23. The company’s 50-day moving average price is $29.55 and its 200 day moving average price is $31.27. Cheniere Energy Partners has a 52 week low of $25.97 and a 52 week high of $33.47.
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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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