RBC Capital analyst Elvira Scotto maintained a Hold rating on Cheniere Energy Partners (CQP – Research Report) on May 20 and set a price target of $54.00. The company’s shares closed last Friday at $50.85.
According to TipRanks.com, Scotto is a top 100 analyst with an average return of 20.5% and a 62.3% success rate. Scotto covers the Industrial Goods sector, focusing on stocks such as Dcp Midstream Partners, Crossamerica Partners, and Plains All American.
Currently, the analyst consensus on Cheniere Energy Partners is a Moderate Sell with an average price target of $51.86, which is a 1.4% upside from current levels. In a report issued on May 5, Stifel Nicolaus also maintained a Hold rating on the stock with a $58.00 price target.
Cheniere Energy Partners’ market cap is currently $24.53B and has a P/E ratio of 22.89.
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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.
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