Cheniere Energy Partners (NASDAQ:CQP) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of Cheniere Energy Partners (NASDAQ:CQP) from a sell rating to a hold rating in a research report report published on Tuesday, BidAskClub reports.

Separately, US Capital Advisors lowered shares of Cheniere Energy Partners from a hold rating to an underweight rating in a report on Monday, March 18th.

Shares of Cheniere Energy Partners stock traded up $0.04 during mid-day trading on Tuesday, reaching $43.53. 18 shares of the stock were exchanged, compared to its average volume of 200,139. The company has a 50-day simple moving average of $42.58. Cheniere Energy Partners has a fifty-two week low of $32.55 and a fifty-two week high of $45.27.

Cheniere Energy Partners (NASDAQ:CQP) last announced its earnings results on Thursday, May 9th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.24. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.58 billion.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.

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