EU: Cheniere Energy Partners (NYSE MKT:CQP) Stock Has Just Had Its “Hold” Rating Reiterated by Stifel. Shares now Have a $35 Target

August 10, 2018 - By Hannah Black

Cheniere Energy Partners (NYSE MKT:CQP) Rating Reaffirmed

Stifel now has a $35 target price on the $19.34B market cap company or -10.60 % downside potential. In a research note published on Friday morning, Cheniere Energy Partners (NYSE MKT:CQP) shares have had their “Hold” Rating kept by equity analysts at Stifel.

The stock increased 2.35% or $0.9 during the last trading session, reaching $39.15. About 1.35 million shares traded or 269.80% up from the average. Cheniere Energy Partners, L.P. (NYSE MKT:CQP) has risen 3.18% since August 11, 2017 and is uptrending. It has underperformed by 9.39% the S&P500.

Analysts await Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP) to report earnings on August, 14. They expect $0.49 EPS, up 113.21 % or $4.20 from last year’s $-3.71 per share. CQP’s profit will be $242.00M for 19.97 P/E if the $0.49 EPS becomes a reality. After $0.67 actual EPS reported by Cheniere Energy Partners, L.P. for the previous quarter, Wall Street now forecasts -26.87 % negative EPS growth.

Cheniere Energy Partners, L.P., through its subsidiary Sabine Pass LNG, L.P., owns and operates regasification facilities at the Sabine Pass liquefied natural gas terminal located on the Sabine-Neches Waterway. The company has market cap of $19.34 billion. The companyÂ’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. It has a 22.36 P/E ratio. It also owns the Creole Trail Pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines.

Another recent and important Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP) news was published by Seekingalpha.com which published an article titled: “Cheniere Energy Partners: Is It Worth The Money To Invest In This Energy Stock?” on July 20, 2018.

Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP) Ratings Chart

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