Southcross Energy Partners, L.P. (SXE) Rating Increased to Market Perform at Raymond James Financial, Inc.

Southcross Energy Partners, L.P. (NYSE:SXE) was upgraded by Raymond James Financial, Inc. from an “underperform” rating to a “market perform” rating in a report released on Thursday.

Several other analysts have also recently issued reports on SXE. Zacks Investment Research raised Southcross Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research note on Tuesday, August 15th. ValuEngine cut Southcross Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.

Shares of Southcross Energy Partners, L.P. (NYSE SXE) traded up $0.09 during trading hours on Thursday, hitting $1.93. The stock had a trading volume of 136,039 shares, compared to its average volume of 120,436. Southcross Energy Partners, L.P. has a 52-week low of $1.10 and a 52-week high of $4.74. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.00.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its stake in shares of Southcross Energy Partners, L.P. by 67.1% in the first quarter. Morgan Stanley now owns 388,854 shares of the energy company’s stock worth $1,352,000 after purchasing an additional 156,096 shares during the last quarter. Freestone Capital Holdings LLC grew its stake in shares of Southcross Energy Partners, L.P. by 71.4% in the second quarter. Freestone Capital Holdings LLC now owns 311,688 shares of the energy company’s stock worth $988,000 after purchasing an additional 129,870 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Southcross Energy Partners, L.P. by 3,967.3% in the second quarter. Acadian Asset Management LLC now owns 166,151 shares of the energy company’s stock worth $526,000 after purchasing an additional 162,066 shares during the last quarter. KCG Holdings Inc. grew its stake in shares of Southcross Energy Partners, L.P. by 601.4% in the first quarter. KCG Holdings Inc. now owns 74,781 shares of the energy company’s stock worth $260,000 after purchasing an additional 64,120 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Southcross Energy Partners, L.P. in the second quarter worth about $172,000. 2.54% of the stock is currently owned by institutional investors.

Southcross Energy Partners, L.P. 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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