Cheniere Energy Partners LP (CQP) : Traders are bullish on Cheniere Energy Partners LP (CQP) as it has outperformed the S&P 500 by a wide margin of 1.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.91%, relative to the S&P 500. The stock has risen by 1.45% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.33% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.06% and the 50-Day Moving Average is 0.36%.The 200 Day SMA reached 3.69% Cheniere Energy Partners LP. has dropped 8.37% during the last 3-month period . Year-to-Date the stock performance stands at 9.79%.
Cheniere Energy Partners LP (CQP) : 7 Wall Street analysts covering Cheniere Energy Partners LP (CQP) believe that the average level the stock could reach for the short term is $34.86. The maximum price target given is $40 and the minimum target for short term is around $29, hence the standard deviation is calculated at $4.06.
For the current week, the company shares have a recommendation consensus of Buy. Cheniere Energy Partners LP (NYSEMKT:CQP): The stock opened at $26.99 and touched an intraday high of $27.75 on Friday. During the day, the stock corrected to an intraday low of $26.36, however, the bulls stepped in and pushed the price higher to close in the green at $27.25 with a gain of 1.00% for the day. The total traded volume for the day was 4,391,006. The stock had closed at $27.25 in the previous trading session.
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 Companys Sabine Pass LNG terminal has five LNG storage tanks, two docks and vaporizers.