Equities researchers at Credit Suisse Group AG started coverage on shares of Cheniere Energy Partners LP (NYSE:CQP) in a research report issued to clients and investors on Wednesday. The brokerage set an “outperform” rating and a $35.00 price target on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 22.98% from the company’s current price.
A number of other brokerages have also recently commented on CQP. US Capital Advisors raised Cheniere Energy Partners to a “buy” rating in a research note on Thursday, September 8th. Wolfe Research started coverage on Cheniere Energy Partners in a research note on Wednesday, June 22nd. They issued an “outperform” rating for the company. Finally, Barclays PLC reissued an “overweight” rating and issued a $32.00 target price (down from $36.00) on shares of Cheniere Energy Partners in a research note on Tuesday, September 6th.
Cheniere Energy Partners (NYSE:CQP) opened at 28.46 on Wednesday. The company has a 50 day moving average price of $27.97 and a 200-day moving average price of $28.49. Cheniere Energy Partners has a 52 week low of $19.22 and a 52 week high of $31.49. The company’s market capitalization is $9.61 billion.
Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.17. The company had revenue of $176.03 million for the quarter, compared to analyst estimates of $145.50 million. During the same period last year, the firm earned ($0.01) earnings per share. On average, equities analysts anticipate that Cheniere Energy Partners will post $0.08 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Cheniere Energy Partners stock. BNP Paribas Arbitrage SA raised its position in shares of Cheniere Energy Partners LP (NYSE:CQP) by 3.3% during the third quarter, according to its most recent disclosure 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 reporting period.
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