Cheniere Energy Partners LP (CQP) PT Lowered to $32.00

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Cheniere Energy Partners LP (NYSE:CQP) had its price objective decreased by research analysts at Barclays PLC from $36.00 to $32.00 in a research note issued to investors on Tuesday. The firm presently has an “overweight” rating on the stock. Barclays PLC‘s target price indicates a potential upside of 18.17% from the stock’s current price.
Shares of Cheniere Energy Partners (NYSE:CQP) opened at 27.09 on Tuesday. The company has a 50 day moving average of $27.31 and a 200 day moving average of $28.28. The company’s market cap is $9.15 billion. Cheniere Energy Partners has a 52 week low of $19.22 and a 52 week high of $31.49.
Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.21) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.17. The business earned $176.03 million during the quarter, compared to the consensus estimate of $145.50 million. During the same period last year, the business posted ($0.01) earnings per share. On average, analysts expect that Cheniere Energy Partners will post ($0.27) EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Monday, August 1st were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 6.28%. The ex-dividend date was Thursday, July 28th.
Separately, Wolfe Research started coverage on shares of Cheniere Energy Partners in a report on Wednesday, June 22nd. They issued an “outperform” rating for the company.

To view Barclays PLC’s full report, visit Barclays PLC’s official website.

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