ValuEngine Lowers Southcross Energy Partners (SXE) to Strong Sell

Southcross Energy Partners (NYSE:SXE) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

A number of other equities research analysts also recently weighed in on SXE. Zacks Investment Research downgraded Southcross Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Raymond James Financial raised Southcross Energy Partners from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 2nd.

Southcross Energy Partners (NYSE SXE) traded up $0.07 on Friday, hitting $1.70. The stock had a trading volume of 69,067 shares, compared to its average volume of 182,245. Southcross Energy Partners has a 52 week low of $1.20 and a 52 week high of $4.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.06 and a quick ratio of 1.06.

Several hedge funds have recently modified their holdings of the stock. Luzich Partners LLC bought a new position in shares of Southcross Energy Partners in the 3rd quarter valued at approximately $1,017,000. Morgan Stanley raised its stake in shares of Southcross Energy Partners by 67.1% in the 1st quarter. Morgan Stanley now owns 388,854 shares of the energy company’s stock valued at $1,352,000 after acquiring an additional 156,096 shares in the last quarter. Freestone Capital Holdings LLC raised its stake in shares of Southcross Energy Partners by 71.4% in the 2nd quarter. Freestone Capital Holdings LLC now owns 311,688 shares of the energy company’s stock valued at $988,000 after acquiring an additional 129,870 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Southcross Energy Partners by 3,967.3% in the 2nd quarter. Acadian Asset Management LLC now owns 166,151 shares of the energy company’s stock valued at $526,000 after acquiring an additional 162,066 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of Southcross Energy Partners in the 2nd quarter valued at approximately $172,000. 2.53% of the stock is currently owned by institutional investors and hedge funds.

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Southcross Energy Partners Company Profile

Southcross Energy Partners, L.P. provides natural gas gathering, processing, treating, compression and transportation services and natural gas liquid (NGL) fractionation and transportation services. The Company also sources, purchases, transports and sells natural gas and NGLs. Its assets are located in South Texas, Mississippi and Alabama As of December 31, 2016, its assets consisted of gathering systems, intrastate pipelines, two natural gas processing plants, one fractionation facility, 20 compressor stations and a treating system.

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