Cheniere Energy Partners LP (AMEX:CQP) had its price objective reduced by Royal Bank Of Canada from $35.00 to $32.00 in a report released on Monday morning, StockTargetPrices.com reports. They currently have an outperform rating on the energy company’s stock.
Several other brokerages have also recently weighed in on CQP. BidaskClub upgraded shares of Cheniere Energy Partners from a sell rating to a hold rating in a research note on Wednesday, June 28th. ValuEngine upgraded shares of Cheniere Energy Partners from a hold rating to a buy rating in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $33.00.
Shares of Cheniere Energy Partners (AMEX:CQP) opened at 28.41 on Monday. The firm has a 50-day moving average of $27.98 and a 200 day moving average of $30.21. Cheniere Energy Partners has a 12 month low of $25.97 and a 12 month high of $33.47. The company has a market cap of $13.75 billion and a price-to-earnings ratio of 99.68.
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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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