Arc Logistics Partners LP (NYSE:ARCX) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 11, 2016
Zacks Investment Research has downgraded Arc Logistics Partners LP (NYSE:ARCX) to Hold in a statement released on Tuesday October 11, 2016.
On 10/04/2016, Zacks Investment Research released a statement on Arc Logistics Partners LP (NYSE:ARCX) bumped up the target price from $0.00 to $17.00 that suggested an upside of 0.08%.
Boasting a price of $15.36, Arc Logistics Partners LP (NYSE:ARCX) traded -3.03% lower on the day. With the last close up 13.96% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Arc Logistics Partners LP has recorded a 50-day average of $15.05 and a two hundred day average of $13.48. Volume of trade was down over the average, with 33,937 shares of ARCX changing hands under the typical 43,089
With a total market value of $0, Arc Logistics Partners LP has price-earnings ratio of 28.13 with a one year low of $8.66 and a one year high of $18.25 .
A total of 6 analysts have released a research note on ARCX. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $15.00.
More About 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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