Southcross Energy Partners LP (NYSE:SXE) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 8, 2016
Zacks Investment Research has downgraded Southcross Energy Partners LP (NYSE:SXE) to Hold in a statement released on Thursday October 06, 2016.
Having a price of $1.48, Southcross Energy Partners LP (NYSE:SXE) traded -2.00% lower on the day. With the last close down -20.84% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Southcross Energy Partners LP has recorded a 50-day average of $1.61 and a two hundred day average of $1.86. Volume of trade was down over the average, with 71,729 shares of SXE changing hands under the typical 138,048
With a total market value of $0, Southcross Energy Partners LP has with a one year low of $0.38 and a one year high of $6.48 .
A total of 3 analysts have released a report on Southcross Energy Partners LP. zero analysts rating the company a strong buy, zero analysts rating the company a buy, five analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $1.67.
More About Southcross Energy Partners LP (NYSE:SXE)
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. The Company's assets are located in South Texas, Mississippi and Alabama and include over four gas-processing plants, approximately two fractionation facilities and approximately 3,140 miles of pipeline. The Company's assets in the South Texas region are located between Conroe and Webb and Dimmitt Counties near the Texas-Mexico border and include Woodsboro processing plant, Bonnie View NGL fractionation facility, and Gregory processing plant and NGL fractionation facility. The Company's assets in the Mississippi region are located principally in the southern half of the state and consist of the intrastate pipeline system in Mississippi.
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