PENNYBUSTER'S PENNY BUSTIN PLAYS!!

[Pennybuster]

$SXE .50 have been given a consensus rating of “Hold” by the nine brokerages that are presently covering the company, Analyst Ratings Net reports. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $7.50.

A hedge fund recently bought a new stake in Southcross Energy Partners stock. Simplex Trading purchased a new stake in Southcross Energy Partners LP (NYSE:SXE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The hedge fund purchased 15 shares of the company’s stock, valued at approximately $0.

Shares of Southcross Energy Partners (NYSE:SXE) opened at 0.50 on Wednesday. The company’s market cap is $28.16 million. Southcross Energy Partners has a 1-year low of $0.42 and a 1-year high of $16.20. The firm has a 50-day moving average price of $2.02 and a 200 day moving average price of $5.51.

Southcross Energy Partners (NYSE:SXE) last released its quarterly earnings results on Friday, November 6th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.11. The business had revenue of $179.60 million for the quarter, compared to the consensus estimate of $177.41 million. On average, equities analysts anticipate that Southcross Energy Partners will post ($1.11) earnings per share for the current year.

A number of research firms have weighed in on SXE. Wunderlich began coverage on Southcross Energy Partners in a report on Tuesday, October 20th. They set a “buy” rating and a $9.00 target price on the stock. Zacks Investment Research upgraded Southcross Energy Partners from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a report on Wednesday, October 14th. Wells Fargo downgraded Southcross Energy Partners from an “outperform” rating to a “market perform” rating in a report on Friday, January 8th. Citigroup Inc. downgraded Southcross Energy Partners from a “buy” rating to a “neutral” rating in a report on Monday, January 11th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $7.00 target price (down previously from $9.00) on shares of Southcross Energy Partners in a report on Friday, October 30th.

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 (NYSE:SXE) fractionation and transportation services. The Company also sources, purchases, transports and sells natural gas and NGLs. The Company’s assets are located in South Texas, Mississippi and Alabama and include four gas processing plants, two fractionation facilities and approximately 3,005 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. The assets in the Company’s Mississippi region are located principally in the southern half of the state and comprise the intrastate pipeline system in Mississippi.


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