Cheniere Energy Partners LP (CQP) Stock Rating Upgraded by US Capital Advisors
Cheniere Energy Partners LP (NYSE:CQP) was upgraded by analysts at US Capital Advisors to a “buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.
A number of other equities research analysts have also issued reports on the stock. Barclays PLC restated an “overweight” rating and issued a $32.00 target price (down previously from $36.00) on shares of Cheniere Energy Partners in a research note on Tuesday. Wolfe Research assumed coverage on shares of Cheniere Energy Partners in a research note on Wednesday, June 22nd. They issued an “outperform” rating on the stock.
Cheniere Energy Partners (NYSE:CQP) traded up 0.51% during midday trading on Thursday, hitting $27.64. 116,069 shares of the stock were exchanged. Cheniere Energy Partners has a 52 week low of $19.22 and a 52 week high of $31.49. The stock’s market cap is $9.34 billion. The firm’s 50-day moving average is $27.25 and its 200 day moving average is $28.33.
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Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Tuesday, August 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.17. The company earned $176.03 million during the quarter, compared to analyst estimates of $145.50 million. During the same quarter last year, the company posted ($0.01) EPS. Equities research analysts expect that Cheniere Energy Partners will post $0.20 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Monday, August 1st were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $1.70 annualized dividend and a yield of 6.18%.
About Cheniere Energy Partners
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