Insider Selling: W Corey Lothamer Sells 3,000 Shares of Southcross Energy Partners Stock (SXE)
Southcross Energy Partners (NYSE:SXE) Insider W Corey Lothamer unloaded 3,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $22.51, for a total transaction of $67,530.00. Following the completion of the sale, the insider now directly owns 11,833 shares in the company, valued at approximately $266,361. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Southcross Energy Partners (NYSE:SXE) traded down 2.08% during mid-day trading on Wednesday, hitting $21.69. The stock had a trading volume of 92,881 shares. Southcross Energy Partners has a 52-week low of $14.92 and a 52-week high of $24.88. The stock has a 50-day moving average of $22.76 and a 200-day moving average of $19.47. The company’s market cap is $1.092 billion.
Southcross Energy Partners (NYSE:SXE) last announced its earnings results on Wednesday, August 6th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.31. On average, analysts predict that Southcross Energy Partners will post $-0.07 earnings per share for the current fiscal year.
A number of research firms have recently commented on SXE. Analysts at Stifel Nicolaus raised their price target on shares of Southcross Energy Partners from $23.50 to $25.50 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Southcross Energy Partners in a research note on Wednesday, July 2nd. They set a “sector perform” rating and a $24.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Southcross Energy Partners in a research note on Monday, June 23rd. They now have a $24.00 price target on the stock, up previously from $18.00. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.93.
Southcross Energy Partners, L.P. is a limited partnership. The Company owns, operates, develops and acquires midstream energy assets.
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