Cheniere Energy Partners (CQP) Stock Rating Lowered by BidaskClub

Cheniere Energy Partners (NASDAQ:CQP) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday, April 9th, BidAskClub reports.

Separately, US Capital Advisors cut Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a research report on Monday, March 18th.

Cheniere Energy Partners stock traded up $0.41 during mid-day trading on Tuesday, reaching $44.30. 72,974 shares of the stock traded hands, compared to its average volume of 239,828. Cheniere Energy Partners has a 12-month low of $30.55 and a 12-month high of $45.27.

Cheniere Energy Partners (NASDAQ:CQP) last posted its quarterly earnings data on Tuesday, February 26th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.67 billion.

About Cheniere Energy Partners

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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