A Reversal for Cheniere Energy Partners LP Is Not Near. The Stock Declines Again

The stock of Cheniere Energy Partners LP (NYSEMKT:CQP) is a huge mover today! The stock is down 2.44% or $0.74 after the news, hitting $29.65 per share. About 543,998 shares traded hands or 3.61% up from the average. Cheniere Energy Partners LP (NYSEMKT:CQP) has declined 1.40% since August 12, 2015 and is downtrending. It has outperformed by 0.78% the S&P500. The move comes after 9 months negative chart setup for the $10.46 billion company. It was reported on Mar, 18 by Barchart.com. We have $28.17 PT which if reached, will make NYSEMKT:CQP worth $523.00M less.

Out of 11 analysts covering Cheniere Energy Partners LP (NYSEMKT:CQP), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. Cheniere Energy Partners LP was the topic in 8 analyst reports since July 23, 2015 according to StockzIntelligence Inc.

According to Zacks Investment Research, “CHENIERE ENERGY PARTNERS, L.P. is a Delaware limited partnership recently formed by Cheniere Energy, Inc. through its wholly owned subsidiary, Sabine Pass LNG, L.P. CEP will develop, own and operate the Sabine Pass LNG receiving terminal currently under construction in western Cameron Parish, Louisiana on the Sabine Pass Channel. CEP’s primary business objectives are to complete construction of the Sabine Pass LNG receiving terminal and, thereafter, to generate stable cash flows sufficient to pay the initial quarterly distribution to the unitholders and, over time, to increase their quarterly cash distribution.”

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