Cheniere Energy Partners’ (NYSEAMERICAN:CQP) “Equal Weight” Rating Reaffirmed at Morgan Stanley

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Morgan Stanley reissued their equal weight rating on shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) in a research report report published on Friday, September 20th, BenzingaRatingsTable reports. Morgan Stanley currently has a $42.00 price target on the energy company’s stock.

CQP has been the topic of several other research reports. BidaskClub upgraded shares of Cheniere Energy Partners from a sell rating to a hold rating in a research report on Tuesday, July 16th. Zacks Investment Research downgraded shares of Cheniere Energy Partners from a buy rating to a hold rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada cut shares of Cheniere Energy Partners from an outperform rating to a sector perform rating and set a $44.00 price objective for the company. in a research report on Sunday, June 9th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $42.00.

NYSEAMERICAN:CQP traded up $0.21 during mid-day trading on Friday, reaching $44.14. The stock had a trading volume of 228,304 shares, compared to its average volume of 228,700. Cheniere Energy Partners has a 1-year low of $32.55 and a 1-year high of $49.30. The stock’s 50 day simple moving average is $44.70 and its two-hundred day simple moving average is $43.38.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.09). The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.74 billion.

Several hedge funds have recently added to or reduced their stakes in CQP. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Cheniere Energy Partners by 241.0% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,023 shares of the energy company’s stock worth $45,000 after acquiring an additional 723 shares in the last quarter. Atria Investments LLC purchased a new position in shares of Cheniere Energy Partners during the second quarter worth approximately $543,000. Barings LLC boosted its holdings in Cheniere Energy Partners by 179.8% in the second quarter. Barings LLC now owns 115,818 shares of the energy company’s stock valued at $4,885,000 after acquiring an additional 74,418 shares in the last quarter. McGowan Group Asset Management Inc. boosted its holdings in Cheniere Energy Partners by 2.2% in the second quarter. McGowan Group Asset Management Inc. now owns 155,518 shares of the energy company’s stock valued at $6,560,000 after acquiring an additional 3,298 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in Cheniere Energy Partners by 1.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 26,499 shares of the energy company’s stock valued at $1,118,000 after acquiring an additional 321 shares in the last quarter.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana 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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Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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