Cheniere Energy Partners LP (AMEX:CQP) Cut to “Sell” at ValuEngine
ValuEngine downgraded shares of Cheniere Energy Partners LP (AMEX:CQP) from a hold rating to a sell rating in a report released on Thursday.
A number of other research firms have also recently issued reports on CQP. Guggenheim assumed coverage on Cheniere Energy Partners in a research note on Tuesday, April 18th. They issued a neutral rating on the stock. Barclays PLC raised their target price on Cheniere Energy Partners from $32.00 to $34.00 and gave the company an overweight rating in a research note on Thursday, April 20th. Morgan Stanley cut Cheniere Energy Partners from an overweight rating to an equal weight rating and cut their target price for the company from $33.00 to $31.00 in a research note on Tuesday, June 13th. Finally, BidaskClub upgraded Cheniere Energy Partners from a sell rating to a hold rating in a research note on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $34.00.
Cheniere Energy Partners (CQP) opened at 28.51 on Thursday. The firm has a 50-day moving average of $30.55 and a 200 day moving average of $31.43. The firm’s market capitalization is $9.63 billion. Cheniere Energy Partners has a 52 week low of $25.97 and a 52 week high of $33.47.
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Cheniere Energy Partners Company Profile
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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