Southcross Energy Partners LP (NYSE:SXE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

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. “

Analyst Recommendations for Southcross Energy Partners (NYSE:SXE)

Southcross Energy Partners (NYSE:SXE) opened at 1.2999 on Friday. The company has a 50-day moving average price of $1.44 and a 200-day moving average price of $1.82. The stock’s market cap is $85.35 million. 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 results on Tuesday, November 8th. The company reported ($0.48) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.27. The business had revenue of $144.66 million for the quarter, compared to analyst estimates of $129.20 million. Equities research analysts anticipate that Southcross Energy Partners will post ($0.97) EPS for the current year.

Institutional investors have recently bought and sold shares of the company. Morgan Stanley increased its position 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 during the period. Royal Bank of Canada increased its position in shares of Southcross Energy Partners by 11.3% in the second quarter. Royal Bank of Canada now owns 317,550 shares of the company’s stock worth $639,000 after buying an additional 32,250 shares during the last quarter. Stifel Financial Corp increased its position 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 during the last quarter. Weiss Multi Strategy Advisers LLC purchased a new position in shares of Southcross Energy Partners during the second quarter worth approximately $774,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Southcross Energy Partners during the second quarter worth approximately $109,000.

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.

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