Southcross Energy Partners LP (NYSE:SXE) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the firm. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $5.00.

Separately, Zacks Investment Research downgraded shares of Southcross Energy Partners from a “strong-buy” rating to a “hold” rating in a report on Thursday.

A number of hedge funds and other institutional investors have recently made changes to their positions in SXE. 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 valued at $639,000 after buying an additional 32,250 shares during the last quarter. Stifel Financial Corp increased its stake in 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 in the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in Southcross Energy Partners during the second quarter worth about $774,000. Finally, JPMorgan Chase & Co. bought a new stake in Southcross Energy Partners during the second quarter worth about $109,000.

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Southcross Energy Partners (NYSE:SXE) traded up 2.04% during mid-day trading on Monday, reaching $1.50. The company had a trading volume of 55,853 shares. The firm has a 50-day moving average price of $1.61 and a 200 day moving average price of $1.86. The firm’s market capitalization is $98.49 million. Southcross Energy Partners has a 12-month low of $0.38 and a 12-month high of $6.48.

Southcross Energy Partners (NYSE:SXE) last released its quarterly earnings data on Friday, August 5th. The company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.12. Analysts expect that Southcross Energy Partners will post ($0.97) EPS for the current year.

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.

5 Day Chart for NYSE:SXE

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