The stock of Cheniere Energy Partners LP (NYSEMKT:CQP) is a huge mover today! About 123,998 shares traded hands. Cheniere Energy Partners LP (NYSEMKT:CQP) has declined 6.25% since April 27, 2016 and is downtrending. It has underperformed by 11.48% the S&P500.
The move comes after 6 months positive chart setup for the $9.80B company. It was reported on Nov, 30 by Barchart.com. We have $31.73 PT which if reached, will make NYSEMKT:CQP worth $784.00M more.
Analysts await Cheniere Energy Partners LP (NYSEMKT:CQP) to report earnings on February, 17. After $0.18 actual EPS reported by Cheniere Energy Partners LP for the previous quarter, Wall Street now forecasts -138.89% negative EPS growth.
Cheniere Energy Partners LP (NYSEMKT:CQP) Ratings Coverage
Out of 7 analysts covering Cheniere Energy Partners LP (NYSEMKT:CQP), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Cheniere Energy Partners LP has been the topic of 10 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital with “Overweight” on Monday, October 12. On Tuesday, September 6 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Outperform” rating by Credit Suisse given on Wednesday, August 5. Bernstein initiated the shares of CQP in a report on Wednesday, May 11 with “Market Perform” rating. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, November 3. DA Davidson initiated Cheniere Energy Partners LP (NYSEMKT:CQP) rating on Thursday, July 23. DA Davidson has “Buy” rating and $39 price target. Global Hunter Securities initiated it with “Accumulate” rating and $35 target price in Thursday, July 23 report.
According to Zacks Investment Research, “CHENIERE ENERGY PARTNERS, L.P. is a Delaware limited partnership recently formed by Cheniere Energy, Inc. through its wholly owned subsidiary, Sabine Pass LNG, L.P. CEP will develop, own and operate the Sabine Pass LNG receiving terminal currently under construction in western Cameron Parish, Louisiana on the Sabine Pass Channel. CEP’s primary business objectives are to complete construction of the Sabine Pass LNG receiving terminal and, thereafter, to generate stable cash flows sufficient to pay the initial quarterly distribution to the unitholders and, over time, to increase their quarterly cash distribution.”
More notable recent Cheniere Energy Partners LP (NYSEMKT:CQP) news were published by: Nasdaq.com which released: “Cheniere Energy Partners (CQP) Shares Cross Above 200 DMA” on November 30, 2016, also Prnewswire.com with their article: “Cheniere Energy Partners, L.P. Reports Third Quarter 2016 Results” published on November 03, 2016, Fool.com published: “Better Buy: Cheniere Energy, Inc. vs. Cheniere Energy Partners LP” on June 01, 2016. More interesting news about Cheniere Energy Partners LP (NYSEMKT:CQP) were released by: Prnewswire.com and their article: “Cheniere Energy Partners, L.P. Reports First Quarter 2016 Results” published on May 05, 2016 as well as Nasdaq.com‘s news article titled: “Cheniere Energy Partners, LP (CQP) Ex-Dividend Date Scheduled for October 28, 2016” with publication date: October 27, 2016.
CQP Company Profile
Cheniere Energy Partners, L.P., incorporated on November 21, 2006, is a limited partnership formed by Cheniere Energy, Inc. The Firm operates in LNG terminal business segment. Through its subsidiary, Sabine Pass LNG, L.P. (SPLNG), the Company owns and operates the regasification facilities at the Sabine Pass LNG terminal located on the Sabine-Neches Waterway approximately four miles from the Gulf Coast. The Sabine Pass LNG terminal includes existing infrastructure of over five liquefied natural gas (LNG) storage tanks with capacity of approximately 16.9 billion cubic feet equivalent (Bcfe); over two docks that can accommodate vessels with nominal capacity of approximately 266,000 cubic meters, and vaporizers with regasification capacity of approximately four billion cubic feet per day (Bcf/d).
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