Cheniere Energy Partners LP (CQP) Downgraded to Strong Sell at BidaskClub
Cheniere Energy Partners LP (AMEX:CQP) was downgraded by equities researchers 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 equities analysts have also recently weighed in on CQP. Guggenheim started coverage on shares of Cheniere Energy Partners in a research report on Tuesday, April 18th. They issued a “neutral” rating for the company. Barclays PLC increased their price target on shares of Cheniere Energy Partners from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th. Morgan Stanley cut shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $33.00 to $31.00 in a research report on Tuesday, June 13th. Finally, ValuEngine raised shares of Cheniere Energy Partners from a “hold” rating to a “buy” rating in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.00.
Cheniere Energy Partners (AMEX:CQP) traded up 0.78% during midday trading on Tuesday, reaching $28.51. The company had a trading volume of 163,700 shares. The firm has a 50-day moving average of $30.55 and a 200 day moving average of $31.43. Cheniere Energy Partners has a 1-year low of $25.97 and a 1-year high of $33.47. The company’s market capitalization is $9.63 billion.
WARNING: This piece was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://theolympiareport.com/2017/08/12/cheniere-energy-partners-lp-cqp-cut-to-strong-sell-at-bidaskclub-updated.html.
About Cheniere Energy Partners
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.
Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.