Global Hunter Securities Starts Cheniere Energy Partners, LP (CQP) at Accumulate
Get Alerts CQP Hot Sheet
Rating Summary:
6 Buy, 9 Hold, 10 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Global Hunter Securities initiates coverage on Cheniere Energy Partners, LP (NYSE: CQP) with an Accumulate rating and a price target of $35.00.
Analyst Sunil Sibal commented, "We view CQP as a pure-play LNG liquefaction MLP that is well positioned to benefit from US LNG export growth story. The partnership's well-contracted portfolio of five trains currently under construction provide visibility to distribution growth over the next 4-5 years with additional upside potential for higher marketing volume lifting by CMI and sanctioning of the 6th train if contracts can be signed and financing secured. The first LNG train at the Sabine Pass LNG terminal is expected to load first cargo by the end of the year. We are initiating coverage of CQP with an Accumulate rating and price target of $35."
For an analyst ratings summary and ratings history on Cheniere Energy Partners, LP click here. For more ratings news on Cheniere Energy Partners, LP click here.
Shares of Cheniere Energy Partners, LP closed at $29.75 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Starts GE Vernova (GEV) at Neutral, 'Multiyear turnaround amid positive demand backdrop'
- Cheniere Energy Partners, LP (CQP) PT Lowered to $50 at UBS
- Craig-Hallum Assumes DiaMedica Therapeutics Inc. (DMAC) at Buy
Create E-mail Alert Related Categories
Analyst Comments, New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!