Wolfe Research Initiates Coverage on Cheniere Energy Partners LP to Outperform

Wolfe Research Initiates Coverage on Cheniere Energy Partners LP(NYSEMKT:CQP). The shares have been rated Outperform. The rating by Wolfe Research was issued on Jun 22, 2016.

In a different note, Bernstein said it Initiates Coverage on Cheniere Energy Partners LP, according to a research note issued on May 11, 2016. The shares have been rated ‘Market Perform’ by the firm.

Cheniere Energy Partners LP (CQP) shares turned negative on Mondays trading session with the shares closing down -0.53 points or -1.83% at a volume of 3,10,515. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.96. The peak price level was also seen at $28.96 while the days lowest was $27.64. Finally the shares closed at $28.44. The 52-week high of the shares is $32.8 while the 52-week low is $19.22. According to the latest information available, the market cap of the company is $9,608 M.

Cheniere Energy Partners LP(CQP) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $67.05M. Analysts had an estimated revenue of $131.86M. Earnings per share were $-0.08. Analysts had estimated an EPS of $-0.46.

Several Insider Transactions has been reported to the SEC. On Dec 9, 2015, Michael J Wortley (CFO) purchased 4,000 shares at $21.86 per share price.

Cheniere Energy Partners L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy Inc. (Cheniere) an energy company primarily engaged in LNG-related businesses. The Company operates through its subsidiary Sabine Pass LNG L.P. (Sabine Pass LNG) and provides regasification facilities at the Sabine Pass LNG terminal located on the Sabine Pass deep water shipping channel. The Company through its subsidiary Sabine Pass Liquefaction LLC (Sabine Pass Liquefaction) develops and constructs natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal. Cheniere Partners also owns the 94-mile Creole Trail Pipeline through its subsidiary Cheniere Creole Trail Pipeline L.P. interconnects the Sabine Pass LNG terminal with interstate pipelines to transport natural gas to the Sabine Pass LNG terminal. The Company’s Sabine Pass LNG terminal has five LNG storage tanks two docks and vaporizers.

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