In a report released today, Theresa Chen from Barclays maintained a Sell rating on Cheniere Energy Partners (CQP – Research Report), with a price target of $45.00. The company’s shares closed yesterday at $46.65.
According to TipRanks, Chen is a 5-star analyst with an average return of 16.3% and a 72.95% success rate. Chen covers the Energy sector, focusing on stocks such as Oneok, TC Energy, and Enbridge.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Cheniere Energy Partners with a $49.14 average price target, representing a 5.34% upside. In a report released on April 4, Goldman Sachs also reiterated a Sell rating on the stock with a $46.00 price target.
Based on Cheniere Energy Partners’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.69 billion and a net profit of $906 million. In comparison, last year the company earned a revenue of $4.72 billion and had a net profit of $2.51 billion
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Cheniere Energy Partners (CQP) Company Description:
Cheniere Energy Partners LP engages in the operations of liquefied natural gas. It also develops, constructs, and operates liquefaction facilities situated adjacent to the regasification facilities at the Sabine Pass Liquefied natural gas terminal. The company was founded in 2006 and is headquartered in Houston, TX.
