Cheniere Energy Partners LP. (CQP)

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Brokerages Set Cheniere Energy Partners Target Price at $38.00 (NYSE:CQP)
Posted by Shayan Afkhami on Apr 3rd, 2015

Shares of Cheniere Energy Partners (NYSE:CQP) have earned an average recommendation of “Buy” from the eight brokerages that are currently covering the company, American Banking and Market News reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $38.00.

Shares of Cheniere Energy Partners (NYSE:CQP) opened at 30.69 on Tuesday. Cheniere Energy Partners has a 1-year low of $25.08 and a 1-year high of $34.60. The stock’s 50-day moving average is $30. and its 200-day moving average is $30.. The company’s market cap is $10.37 billion.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results on Monday, February 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.83. Analysts expect that Cheniere Energy Partners will post $-1.00 EPS for the current fiscal year.

A number of research firms have recently commented on CQP. Analysts at Zacks downgraded shares of Cheniere Energy Partners from an “outperform” rating to a “neutral” rating and set a $34.00 price target on the stock in a research note on Friday, February 27th. Separately, analysts at Barclays lowered their price target on shares of Cheniere Energy Partners from $41.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th.

Cheniere Energy Partners, L.P. (NYSE:CQP) is a limited partnership formed by Cheniere Energy, Inc The Company operates through its subsidiary, Sabine Pass LNG, L.P. (Sabine Pass LNG), and provides regasification facilities at the Sabine Pass LNG terminal located on the Sabine Pass deep water shipping channel.

http://www.mideasttime.com/brokerages-set-cheniere-energy-partners-target-price-at-38-00-nysecqp/393990/