Global Hunter Securities Starts Cheniere Energy Partners, LP (CQP) at Accumulate

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.

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