What Analysts Recommend for Cheniere Energy after 2Q17 Earnings



Analyst ratings for Cheniere Energy

In this part of the series, we’ll look at Wall Street analysts’ recommendations for Cheniere Energy (LNG), Cheniere Energy Partners (CQP), and Cheniere Energy Partners LP Holdings (CQH) after their 2Q17 earnings results. About 79.0% of analysts rate Cheniere Energy a “buy,” and the remaining 21.0% rate it a “hold” as of August 10, 2017. CQP and CQH have “buy” ratings from 46.2% and 55.6% of analysts surveyed by Reuters, respectively.

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Recent downgrades

Cheniere Energy was last downgraded by Morgan Stanley from “overweight” to “equal weight,” which is equivalent to a “hold.” Overall, Cheniere Energy has seen three rating updates since the beginning of this year, including two new coverage initiations and one downgrade. CQP and CQH were recently downgraded by Barclays to “equal weight,” which is equivalent to a “hold.”

The average target price of $55.85 for Cheniere Energy implies a 35.5% price return from its August 10, 2017, closing price of $41.20.

For more such analyses on MLPs, you can refer to our Master Limited Partnerships page.


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