Cheniere Energy Partners LP (CQP) Given Consensus Rating of “Buy” by Analysts
Shares of Cheniere Energy Partners LP (ARCA:CQP) have received a consensus recommendation of “Buy” from the ten brokerages that are currently covering the company. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $32.50.
CQP has been the subject of several recent research reports. US Capital Advisors raised Cheniere Energy Partners from a “hold” rating to a “buy” rating in a report on Thursday, September 8th. Credit Suisse Group AG reaffirmed an “outperform” rating on shares of Cheniere Energy Partners in a report on Wednesday, October 12th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $32.00 price target (down previously from $36.00) on shares of Cheniere Energy Partners in a report on Tuesday, September 6th.
Shares of Cheniere Energy Partners (ARCA:CQP) traded up 0.56% during mid-day trading on Monday, reaching $28.60. The company’s stock had a trading volume of 76,725 shares. The company has a 50 day moving average of $28.16 and a 200-day moving average of $28.34. Cheniere Energy Partners has a 12 month low of $19.22 and a 12 month high of $31.49. The firm’s market capitalization is $9.66 billion.
Cheniere Energy Partners (ARCA:CQP) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.18. During the same period last year, the business earned $0.18 earnings per share. Equities research analysts forecast that Cheniere Energy Partners will post $0.13 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 11th. Stockholders of record on Tuesday, November 1st were paid a $0.425 dividend. The ex-dividend date was Friday, October 28th. This represents a $1.70 annualized dividend and a dividend yield of Infinity.
About Cheniere Energy Partners
Cheniere Energy Partners, L.P. is a limited partnership formed by Cheniere Energy, Inc The Company operates in LNG terminal business segment. Through its subsidiary, Sabine Pass LNG, L.P. (SPLNG), the Company owns and operates the regasification facilities at the Sabine Pass LNG terminal located on the Sabine-Neches Waterway approximately four miles from the Gulf Coast.
Receive News & Stock Ratings for Cheniere Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy Partners LP and related stocks with our FREE daily email newsletter.