Cheniere Energy Partners LP (CQP) Receives “Outperform” Rating from Credit Suisse Group AG
Credit Suisse Group AG reaffirmed their outperform rating on shares of Cheniere Energy Partners LP (NYSEMKT:CQP) in a research report sent to investors on Wednesday morning, StockTargetPrices.com reports.
CQP has been the subject of a number of other research reports. Barclays PLC lowered their price target on 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. Wolfe Research began coverage on Cheniere Energy Partners in a research report on Wednesday, June 22nd. They set an outperform rating for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $32.63.
Shares of Cheniere Energy Partners (NYSEMKT:CQP) opened at 28.80 on Wednesday. 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 $28.08 and its 200 day moving average price is $28.50. The firm’s market cap is $9.73 billion.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in Cheniere Energy Partners by 3.4% in the first quarter. LPL Financial LLC now owns 38,536 shares of the company’s stock valued at $1,045,000 after buying an additional 1,283 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 acquired a new position in Cheniere Energy Partners during the first quarter valued at approximately $224,000. 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. 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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