UBS Group started coverage on shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) in a research note released on Friday morning, Benzinga reports. The brokerage issued a neutral rating and a $38.00 price objective on the energy company’s stock.
Other research analysts have also recently issued research reports about the stock. Morgan Stanley reissued an equal weight rating and set a $42.00 target price on shares of Cheniere Energy Partners in a report on Friday, September 20th. Sanford C. Bernstein cut shares of Cheniere Energy Partners from an outperform rating to a market perform rating and set a $38.00 target price for the company. in a report on Tuesday, October 8th. Zacks Investment Research cut shares of Cheniere Energy Partners from a hold rating to a sell rating in a report on Wednesday. Barclays set a $46.00 target price on shares of Cheniere Energy Partners and gave the stock a hold rating in a report on Tuesday, October 15th. Finally, Raymond James cut shares of Cheniere Energy Partners from a market perform rating to an underperform rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The stock presently has an average rating of Hold and an average target price of $42.63.
NYSEAMERICAN CQP opened at $39.50 on Friday. The company has a fifty day simple moving average of $44.70 and a two-hundred day simple moving average of $43.37. Cheniere Energy Partners has a 12-month low of $36.02 and a 12-month high of $49.30.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last posted its quarterly earnings results on Friday, November 1st. The energy company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.33). The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.79 billion.
A number of hedge funds have recently added to or reduced their stakes in the stock. Howe & Rusling Inc. acquired a new stake in shares of Cheniere Energy Partners in the third quarter valued at about $27,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Cheniere Energy Partners by 241.0% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,023 shares of the energy company’s stock worth $45,000 after acquiring an additional 723 shares during the last quarter. Full Sail Capital LLC acquired a new position in Cheniere Energy Partners during the third quarter worth about $214,000. Cornerstone Wealth Group LLC acquired a new position in Cheniere Energy Partners during the third quarter worth about $220,000. Finally, Cincinnati Insurance Co. acquired a new position in Cheniere Energy Partners during the third quarter worth about $223,000.
About Cheniere Energy Partners
Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana 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.
Recommended Story: Sell-Side Analysts
Receive News & Ratings for Cheniere Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.