Analysts Set Cheniere Energy Partners LP (AMEX:CQP) Target Price at $33.75
Shares of Cheniere Energy Partners LP (AMEX:CQP) have been assigned an average rating of “Buy” from the twelve analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $33.75.
Several equities research analysts have recently weighed in on CQP shares. Guggenheim started coverage on shares of Cheniere Energy Partners in a research report on Tuesday, April 18th. They issued a “neutral” rating for the company. BidaskClub raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Morgan Stanley downgraded 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 report on Tuesday, June 13th. ValuEngine raised shares of Cheniere Energy Partners from a “hold” rating to a “buy” rating in a research report on Monday, July 17th. Finally, Barclays PLC boosted their price objective on shares of Cheniere Energy Partners from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th.
Cheniere Energy Partners (AMEX:CQP) traded up 0.45% during trading on Tuesday, reaching $29.20. 240,849 shares of the company’s stock traded hands. The stock’s market capitalization is $9.86 billion. Cheniere Energy Partners has a 1-year low of $25.97 and a 1-year high of $33.47. The stock has a 50-day moving average price of $31.06 and a 200 day moving average price of $31.47.
About Cheniere Energy Partners
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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