Barclays Keeps Their Sell Rating on Cheniere Energy Partners (CQP)

In a report released today, Theresa Chen from Barclays maintained a Sell rating on Cheniere Energy Partners, with a price target of $55.00. The company’s shares closed yesterday at $51.88.

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According to TipRanks, Chen is a 5-star analyst with an average return of 16.1% and a 72.56% success rate. Chen covers the Energy sector, focusing on stocks such as DT Midstream, Enbridge, and Energy Transfer.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Cheniere Energy Partners with a $54.00 average price target, implying a 4.09% upside from current levels. In a report released on October 7, J.P. Morgan also maintained a Sell rating on the stock with a $57.00 price target.

Based on Cheniere Energy Partners’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.46 billion and a net profit of $553 million. In comparison, last year the company earned a revenue of $1.89 billion and had a net profit of $570 million