CQP Price Prediction Next Week
Technical Analysis: CQP's stock has shown a downward trend in recent trading sessions, with the price declining from $63.14 to $62.05. The stock is currently testing support levels around $61.50.
News Impact: A significant bearish catalyst emerged as Stifel downgraded CQP from Hold to Sell, though slightly raising the price target from $50 to $51. The analyst notes that while Sabine Pass expansion prospects have improved, this potential is already priced in. The Stage 5 expansion won't be operational until 2030 or later, with financial investment decisions not expected until 2026 at earliest.
Price Prediction for Next Week: Based on technical indicators and recent news:
- Resistance level: $63.50
- Support level: $61.50
- Target price range: $60.00 - $61.00
The stock is likely to test lower levels next week due to:
- Recent analyst downgrade creating selling pressure
- Technical indicators showing weakening momentum
- Current price trading below key moving averages
Recommendation: SELL
- Entry point: Current price ($62.05)
- Target exit: $60.50
- Stop loss: $63.75
The combination of technical weakness and fundamental concerns suggests further downside potential in the near term. The stock appears overvalued relative to near-term catalysts, with major growth drivers still years away.
CQP Similar Chart Price Prediction
The price of CQP is predicted to go up -29.41%, based on the high correlation periods with CIO. The similarity of these two price pattern on the periods is 92.21%.
CQP
CIO
Down: -29.41%Similarity: 92.21%
CQP Revenue Forecast
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CQP VS S&P500
At $600-$700 per ton for incremental capacity expansion projects, Cheniere has some of the lowest-cost LNG projects on the global cost curve, well below the U.S. average of $800 per ton and similar targets by Australian LNG producers.
Cheniere's contracts are very strong, with no price reopeners, no linkage to oil prices, and flexibility on delivery points.
Cheniere should have billions of dollars to deploy over the next few years toward stock repurchases, dividends or distributions, or further LNG projects.
CQP Analyst's Forecast
Theresa Chen
Barclays
Sell
2025-01-16
Price Target
$46 → $54
Downside
-13.1%
Barclays raised the firm's price target on Cheniere Energy Partners to $54 from $46 and keeps an Underweight rating on the shares. The firm says "persistent" growth in energy infrastructure demand will drive midstream sector performance. Following a series of recent well-received project announcements to support visible supply and demand growth, driven in part by rising power gen needs, the group's current momentum will persist into Q4 earnings and into 2025, the analyst tells investors in a research note.
Michael Blum
Wells Fargo
Sell
2024-12-18
Price Target
$49 → $55
Downside
-1.17%
