Cheniere Energy Partners LP (AMEX:CQP) Downgraded by BidaskClub

Cheniere Energy Partners LP (AMEX:CQP) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday, August 1st.

A number of other brokerages have also issued reports on CQP. ValuEngine upgraded shares of Cheniere Energy Partners from a “hold” rating to a “buy” rating in a research report on Monday, July 17th. Morgan Stanley lowered shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $33.00 to $31.00 in a research report on Tuesday, June 13th. Barclays PLC lifted their price objective on shares of Cheniere Energy Partners from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th. Finally, Guggenheim began coverage on shares of Cheniere Energy Partners in a research report on Tuesday, April 18th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $34.00.

Cheniere Energy Partners (CQP) opened at 27.96 on Tuesday. The company has a market cap of $13.53 billion and a PE ratio of 98.11. The firm’s 50 day moving average is $30.04 and its 200 day moving average is $31.35. 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.

Analyst Recommendations for Cheniere Energy Partners (AMEX:CQP)

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