Cheniere Energy Partners LP (CQP) Now Covered by Analysts at Credit Suisse Group AG
Investment analysts at Credit Suisse Group AG initiated coverage on shares of Cheniere Energy Partners LP (NYSE:CQP) in a report released on Wednesday, The Fly reports. The firm set an “outperform” rating on the stock.
Several other analysts have also issued reports on the stock. US Capital Advisors upgraded shares of Cheniere Energy Partners to a “buy” rating in a research report on Thursday, September 8th. Barclays PLC reiterated an “overweight” rating and set a $32.00 price target (down previously from $36.00) on shares of Cheniere Energy Partners in a research report on Tuesday, September 6th. Finally, Wolfe Research began coverage on shares of Cheniere Energy Partners in a research report on Wednesday, June 22nd. They set an “outperform” rating on the stock.
Shares of Cheniere Energy Partners (NYSE:CQP) opened at 29.06 on Wednesday. The firm’s market capitalization is $9.82 billion. Cheniere Energy Partners has a 12 month low of $19.22 and a 12 month high of $31.49. The stock’s 50 day moving average price is $27.87 and its 200-day moving average price is $28.49.
Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.17. The firm had revenue of $176.03 million for the quarter, compared to analyst estimates of $145.50 million. During the same quarter in the prior year, the business posted ($0.01) EPS. On average, equities analysts anticipate that Cheniere Energy Partners will post $0.08 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Cheniere Energy Partners stock. BNP Paribas Arbitrage SA increased its position in shares of Cheniere Energy Partners LP (NYSE:CQP) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,682 shares of the company’s stock after buying an additional 5,336 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cheniere Energy Partners were worth $4,819,000 at the end of the most recent reporting period.
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