Cheniere Energy Partners LP (CQP) Raised to “Buy” at Zacks Investment Research

Cheniere Energy Partners LP (ARCA:CQP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $35.00 price objective on the stock. Zacks Investment Research’s target price points to a potential upside of 13.16% from the company’s previous close.

According to Zacks, “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. “

Several other equities research analysts have also commented on CQP. Howard Weil lowered shares of Cheniere Energy Partners from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $33.00 to $35.00 in a research report on Thursday, December 15th. Wells Fargo & Co started coverage on shares of Cheniere Energy Partners in a research report on Wednesday, February 8th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Cheniere Energy Partners presently has a consensus rating of “Buy” and an average target price of $34.17.

Analyst Recommendations for Cheniere Energy Partners (ARCA:CQP)

Shares of Cheniere Energy Partners (ARCA:CQP) traded up 0.39% on Monday, reaching $30.93. 135,953 shares of the company’s stock traded hands. The stock’s market capitalization is $10.45 billion. Cheniere Energy Partners has a 52 week low of $25.87 and a 52 week high of $33.33. The stock’s 50-day moving average price is $31.54 and its 200-day moving average price is $29.14.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its position in shares of Cheniere Energy Partners by 2.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 34,558 shares of the company’s stock valued at $996,000 after buying an additional 990 shares during the last quarter. Infrastructure Capital Advisors LLC purchased a new position in shares of Cheniere Energy Partners during the fourth quarter valued at $345,000. Moloney Securities Asset Management LLC purchased a new position in shares of Cheniere Energy Partners during the fourth quarter valued at $268,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Cheniere Energy Partners by 3.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,637 shares of the company’s stock valued at $194,000 after buying an additional 250 shares during the last quarter. 7.63% of the stock is owned by hedge funds and other institutional investors.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. is a limited partnership formed by Cheniere Energy, Inc The Company 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.

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