Scotiabank Analysts Give Cheniere Energy Partners LP (NYSE:CQP) a $34.00 Price Target

Cheniere Energy Partners LP (NYSE:CQP) has been given a $34.00 target price by equities research analysts at Scotiabank in a research note issued on Saturday, July 22nd. The brokerage presently has a “hold” rating on the stock. Scotiabank’s price target points to a potential upside of 21.60% from the stock’s previous close.

A number of other analysts also recently weighed in on the company. Barclays PLC downgraded Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $34.00 price target for the company. in a report on Tuesday, July 18th. Zacks Investment Research upgraded Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. Sanford C. Bernstein assumed coverage on Cheniere Energy Partners in a research note on Tuesday, May 16th. They issued a “positive” rating and a $38.00 target price for the company. Morgan Stanley downgraded Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $33.00 price target for the company. in a research note on Tuesday, June 13th. Finally, TheStreet downgraded Cheniere Energy Partners from a “b-” rating to a “c+” rating in a research note on Friday, May 5th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Cheniere Energy Partners has a consensus rating of “Hold” and a consensus target price of $35.00.

Shares of Cheniere Energy Partners (CQP) traded down 0.43% during mid-day trading on Friday, hitting $27.96. The stock had a trading volume of 136,287 shares. The firm has a market cap of $13.53 billion and a price-to-earnings ratio of 98.11. Cheniere Energy Partners has a one year low of $25.97 and a one year high of $33.47. The company has a 50-day moving average of $30.04 and a 200 day moving average of $31.35.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Tuesday, August 8th. The company reported ($3.71) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $4.19. The company had revenue of $992 million for the quarter, compared to the consensus estimate of $771.91 million. Cheniere Energy Partners had a return on equity of 39.76% and a net margin of 4.64%. On average, equities research analysts forecast that Cheniere Energy Partners will post $1.91 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This news story was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.com-unik.info/2017/08/19/cheniere-energy-partners-lp-nysecqp-given-a-34-00-price-target-at-scotiabank-updated-updated-updated.html.

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Cheniere Energy Partners by 2.9% in the first quarter. JPMorgan Chase & Co. now owns 1,213,168 shares of the company’s stock valued at $39,198,000 after buying an additional 34,545 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Cheniere Energy Partners by 2.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 35,483 shares of the company’s stock valued at $1,146,000 after buying an additional 925 shares in the last quarter. Infrastructure Capital Advisors LLC increased its position in shares of Cheniere Energy Partners by 100.3% in the first quarter. Infrastructure Capital Advisors LLC now owns 23,954 shares of the company’s stock valued at $774,000 after buying an additional 11,994 shares during the period. Kayne Anderson Capital Advisors LP boosted its stake in shares of Cheniere Energy Partners by 489.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 809,960 shares of the company’s stock worth $26,158,000 after buying an additional 672,660 shares during the period. Finally, Eagle Global Advisors LLC boosted its stake in shares of Cheniere Energy Partners by 23.4% in the first quarter. Eagle Global Advisors LLC now owns 1,790,886 shares of the company’s stock worth $57,864,000 after buying an additional 339,600 shares during the period.

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.

Analyst Recommendations for Cheniere Energy Partners (NYSE:CQP)

What are top analysts saying about Cheniere Energy Partners LP? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cheniere Energy Partners LP and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit