Zacks: Cheniere Energy Partners, LP (NASDAQ:CQP) Given Average Rating of “Hold” by Brokerages
Shares of Cheniere Energy Partners, LP (NASDAQ:CQP) have been assigned a consensus broker rating score of 2.89 (Hold) from the nine analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a strong buy recommendation on the company. Cheniere Energy Partners’ rating score has improved by 6.5% from 90 days ago as a result of various analysts’ ratings changes.
Analysts have set a 1 year consensus price objective of $42.57 for the company and are expecting that the company will post $0.56 EPS for the current quarter, according to Zacks. Zacks has also given Cheniere Energy Partners an industry rank of 148 out of 256 based on the ratings given to its competitors.
Separately, BidaskClub raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th.
Cheniere Energy Partners (NASDAQ:CQP) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.09). The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.74 billion.
About Cheniere Energy Partners
Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.
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