A report released today by Zacks Investment Research about Arc Logistics Partners LP (NYSE:ARCX) bumps the target price to $17.00
- Updated: October 4, 2016
Having a price of $15.75, Arc Logistics Partners LP (NYSE:ARCX) traded 1.03% higher on the day. With the last stock price up 18.56% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ARCX has recorded a 50-day average of $14.93 and a two hundred day average of $13.28. Trade Volume was up over the average, with 66,830 shares of ARCX changing hands over the typical 42,881
Zacks Investment Research bumped up the target of Arc Logistics Partners LP (NYSE:ARCX) to $17.00 stating a potential upside of 0.08%.
Recent Performance Chart
Arc Logistics Partners LP has PE ratio of 28.85 with a one year low of $8.66 and a one year high of $18.25 and has a market capitalization of $0.
A total of 6 brokerages have issued a ratings update on Arc Logistics Partners LP. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $15.00.
General Company Details For Arc Logistics Partners LP (NYSE:ARCX)
Arc Logistics Partners LP owns, operates, develops and acquires a portfolio of complementary energy logistics assets. The Company is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. It is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets. It offers storage and throughput services fees, and ancillary services fees. The Company operates through terminal and transloading facilities segment. The Company's energy logistics assets are located in the East Coast, Gulf Coast, Midwest, Rocky Mountains and West Coast regions of the United States, and supply a group of third-party customers, including oil companies, independent refiners, crude oil and petroleum product marketers, distributors and various industrial manufacturers.
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