Credit Suisse Group AG assumed coverage on shares of Cheniere Energy Partners LP (NYSE:CQP) in a research report released on Wednesday. The firm issued an outperform rating and a $35.00 price objective on the stock.
CQP has been the topic of a number of other reports. US Capital Advisors raised Cheniere Energy Partners to a buy rating in a research note on Thursday, September 8th. Barclays PLC reissued an overweight rating and set a $32.00 price target (down from $36.00) on shares of Cheniere Energy Partners in a research note on Tuesday, September 6th. Finally, Wolfe Research started coverage on Cheniere Energy Partners in a research note on Wednesday, June 22nd. They set an outperform rating on the stock.
Shares of Cheniere Energy Partners (NYSE:CQP) traded up 0.07% during trading on Wednesday, hitting $28.78. The company had a trading volume of 24,785 shares. The stock has a 50-day moving average of $27.92 and a 200 day moving average of $28.49. Cheniere Energy Partners has a 12-month low of $19.22 and a 12-month high of $31.49. The stock’s market capitalization is $9.72 billion.
Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.17. The business earned $176.03 million during the quarter, compared to analyst estimates of $145.50 million. During the same period last year, the business earned ($0.01) earnings per share. On average, analysts predict that Cheniere Energy Partners will post $0.08 EPS for the current fiscal year.
A hedge fund recently raised its stake in Cheniere Energy Partners stock. BNP Paribas Arbitrage SA increased its position in Cheniere Energy Partners LP (NYSE:CQP) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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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