Cheniere Energy Partners LP (AMEX:CQP) has received a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $33.75.
Several equities research analysts have recently issued reports on CQP shares. BidaskClub cut Cheniere Energy Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. ValuEngine cut Cheniere Energy Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Morgan Stanley cut Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $33.00 to $31.00 in a report on Tuesday, June 13th.
Shares of Cheniere Energy Partners (AMEX:CQP) opened at 27.76 on Friday. The stock’s 50 day moving average price is $29.55 and its 200 day moving average price is $31.27. The firm has a market capitalization of $13.44 billion and a price-to-earnings ratio of 97.40. Cheniere Energy Partners has a 12-month low of $25.97 and a 12-month high of $33.47.
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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