Cheniere Energy Partners LP (CQP) Now Covered by Analysts at Credit Suisse Group AG
Analysts at Credit Suisse Group AG began coverage on shares of Cheniere Energy Partners LP (NYSE:CQP) in a research note issued to investors on Wednesday. The firm set an “outperform” rating on the stock.
Several other analysts have also recently issued reports on CQP. Wolfe Research began coverage on Cheniere Energy Partners in a research note on Wednesday, June 22nd. They set an “outperform” rating on the stock. Barclays PLC restated an “overweight” rating and set a $32.00 price objective (down previously from $36.00) on shares of Cheniere Energy Partners in a research note on Tuesday, September 6th. Finally, US Capital Advisors upgraded Cheniere Energy Partners to a “buy” rating in a research note on Thursday, September 8th.
Cheniere Energy Partners (NYSE:CQP) opened at 29.06 on Wednesday. The stock’s 50 day moving average price is $27.87 and its 200-day moving average price is $28.49. The stock’s market capitalization is $9.82 billion. Cheniere Energy Partners has a 12-month low of $19.22 and a 12-month high of $31.49.
Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.17. The business earned $176.03 million during the quarter, compared to analysts’ expectations of $145.50 million. During the same period in the prior year, the company posted ($0.01) EPS. Analysts expect that Cheniere Energy Partners will post $0.08 earnings per share for the current year.
An institutional investor recently raised its position in Cheniere Energy Partners stock. BNP Paribas Arbitrage SA increased its position in Cheniere Energy Partners LP (NYSE:CQP) by 3.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 164,682 shares of the company’s stock after buying an additional 5,336 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cheniere Energy Partners were worth $4,819,000 at the end of the most recent quarter.
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