Zacks Investment Research lowered shares of Southcross Energy Partners LP (NYSE:SXE) from a hold rating to a sell rating in a research report released on Saturday morning.

According to Zacks, “Southcross Energy, LLC provides natural gas gathering, processing, treating, compression and transportation services and NGL fractionation and transportation services. It also sources, purchases, transports and sells natural gas and NGLs to its power generation, industrial and utility customers. The Company’s services include connecting producing wells to pipeline gathering systems; processes and treats gas for pipeline transportation and commercial use; transports gas to end-users and pipeline interconnects; and purchase and sale of gas. Its assets are located in South Texas, Mississippi and Alabama. Southcross Energy, LLC is based in Dallas, Texas. “

Shares of Southcross Energy Partners (NYSE:SXE) opened at 1.2999 on Friday. The company’s market cap is $85.35 million. The stock’s 50 day moving average is $1.44 and its 200 day moving average is $1.82. Southcross Energy Partners has a 52-week low of $0.38 and a 52-week high of $5.39.

Southcross Energy Partners (NYSE:SXE) last posted its quarterly earnings data on Tuesday, November 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.27. The firm had revenue of $144.66 million for the quarter, compared to analysts’ expectations of $129.20 million. Equities analysts forecast that Southcross Energy Partners will post ($0.97) EPS for the current year.

A number of large investors have recently modified their holdings of SXE. Stifel Financial Corp raised its stake in shares of Southcross Energy Partners by 5.8% in the second quarter. Stifel Financial Corp now owns 53,046 shares of the company’s stock worth $107,000 after buying an additional 2,893 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Southcross Energy Partners during the second quarter valued at approximately $109,000. Morgan Stanley raised its stake in Southcross Energy Partners by 12.2% in the third quarter. Morgan Stanley now owns 217,200 shares of the company’s stock valued at $320,000 after buying an additional 23,601 shares in the last quarter. Royal Bank of Canada raised its stake in Southcross Energy Partners by 11.3% in the second quarter. Royal Bank of Canada now owns 317,550 shares of the company’s stock valued at $639,000 after buying an additional 32,250 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC bought a new stake in Southcross Energy Partners during the second quarter valued at approximately $774,000.

About Southcross Energy Partners

Southcross Energy Partners, L.P. is a limited partnership. The Company provides natural gas gathering, processing, treating, compression and transportation services, and natural gas liquid (NGL) fractionation and transportation services. Its products include Ethane, Propane, Normal Butane, Isobutane and Natural Gasoline.

5 Day Chart for NYSE:SXE

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