Cheniere Energy Partners LP (AMEX:CQP) has been assigned an average rating of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $33.75.
Several equities research analysts recently commented on CQP shares. TheStreet raised Cheniere Energy Partners from a “c” rating to a “b-” rating in a research note on Monday, March 20th. Zacks Investment Research raised Cheniere Energy Partners from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Wednesday, March 1st. Morgan Stanley cut Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $33.00 to $31.00 in a research note on Tuesday. Guggenheim started coverage on Cheniere Energy Partners in a research note on Tuesday, April 18th. They set a “neutral” rating for the company. Finally, Barclays PLC raised their target price on Cheniere Energy Partners from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th.
A number of large investors have recently added to or reduced their stakes in CQP. Ladenburg Thalmann Financial Services Inc. boosted its stake in Cheniere Energy Partners by 3.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,637 shares of the energy company’s stock valued at $194,000 after buying an additional 250 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new stake in shares of Cheniere Energy Partners during the fourth quarter worth approximately $268,000. Infrastructure Capital Advisors LLC purchased a new stake in shares of Cheniere Energy Partners during the fourth quarter worth approximately $345,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Cheniere Energy Partners by 2.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 34,558 shares of the energy company’s stock worth $996,000 after buying an additional 990 shares during the period.
Shares of Cheniere Energy Partners (AMEX:CQP) traded up 1.45% during trading on Monday, hitting $31.55. The company had a trading volume of 511,195 shares. The stock’s market capitalization is $10.66 billion. Cheniere Energy Partners has a 12-month low of $25.87 and a 12-month high of $33.47. The stock has a 50-day moving average of $31.90 and a 200 day moving average of $30.93.
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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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