Cheniere Energy Partners (CQP) Given a $41.00 Price Target at Citigroup

Citigroup set a $41.00 target price on Cheniere Energy Partners (NYSEAMERICAN:CQP) in a report published on Thursday morning. The brokerage currently has a buy rating on the energy company’s stock.

Several other equities research analysts also recently weighed in on CQP. Stifel Nicolaus increased their price target on Cheniere Energy Partners from $32.00 to $35.00 and gave the stock a hold rating in a report on Friday, August 10th. Wells Fargo & Co set a $45.00 price target on Cheniere Energy Partners and gave the stock an outperform rating in a report on Monday, August 13th. They noted that the move was a valuation call. Zacks Investment Research downgraded Cheniere Energy Partners from a buy rating to a hold rating in a report on Tuesday, August 14th. Scotiabank set a $41.00 price target on Cheniere Energy Partners and gave the stock a hold rating in a report on Monday, August 20th. Finally, US Capital Advisors downgraded Cheniere Energy Partners to a hold rating and increased their price target for the stock from $35.00 to $40.00 in a report on Friday, August 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Cheniere Energy Partners has a consensus rating of Hold and an average price target of $39.78.

Shares of NYSEAMERICAN CQP opened at $37.68 on Thursday. Cheniere Energy Partners has a 1-year low of $26.68 and a 1-year high of $40.56.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Monday, November 5th were given a $0.58 dividend. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $2.32 annualized dividend and a yield of 6.16%.

Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc purchased a new position in Cheniere Energy Partners in the third quarter worth $100,000. Winslow Evans & Crocker Inc. purchased a new position in Cheniere Energy Partners in the third quarter worth $108,000. Wagner Wealth Management LLC purchased a new position in Cheniere Energy Partners in the third quarter worth $126,000. Captrust Financial Advisors purchased a new position in Cheniere Energy Partners in the third quarter worth $182,000. Finally, Private Advisor Group LLC purchased a new position in Cheniere Energy Partners in the second quarter worth $204,000.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.

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Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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