Zacks: Analysts Expect Southcross Energy Partners LP (SXE) to Post -$0.20 Earnings Per Share

Equities research analysts forecast that Southcross Energy Partners LP (NYSE:SXE) will post ($0.20) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Southcross Energy Partners’ earnings. Southcross Energy Partners also reported earnings of ($0.20) per share in the same quarter last year. The business is expected to report its next quarterly earnings results on Wednesday, August 8th.

According to Zacks, analysts expect that Southcross Energy Partners will report full-year earnings of ($0.81) per share for the current year. Zacks’ EPS averages are an average based on a survey of research firms that cover Southcross Energy Partners.

Separately, ValuEngine upgraded Southcross Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd.

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in shares of Southcross Energy Partners by 72.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 102,626 shares of the energy company’s stock worth $173,000 after purchasing an additional 43,105 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Southcross Energy Partners by 169.3% during the 4th quarter. Renaissance Technologies LLC now owns 147,872 shares of the energy company’s stock worth $250,000 after purchasing an additional 92,972 shares in the last quarter. Deutsche Bank AG raised its stake in Southcross Energy Partners by 170.7% in the 4th quarter. Deutsche Bank AG now owns 148,600 shares of the energy company’s stock valued at $251,000 after acquiring an additional 93,700 shares during the period. Center Coast Capital Advisors LP bought a new stake in Southcross Energy Partners in the 4th quarter valued at $357,000. Finally, Brookfield Asset Management Inc. bought a new stake in Southcross Energy Partners in the 4th quarter valued at $357,000. Institutional investors own 37.37% of the company’s stock.

Shares of Southcross Energy Partners traded down $0.04, reaching $1.61, on Thursday, Marketbeat Ratings reports. 285,400 shares of the company were exchanged, compared to its average volume of 147,911. Southcross Energy Partners has a one year low of $1.44 and a one year high of $3.86. The stock has a market cap of $131.72 million, a P/E ratio of -1.92 and a beta of 4.19. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.07.

About Southcross Energy Partners

Southcross Energy Partners, L.P., together with its subsidiaries, provides natural gas gathering, processing, treating, compression, and transportation services in the United States. The company also offers natural gas liquid (NGL) fractionation and transportation services. In addition, it supplies natural gas to industrial, commercial, and power generation customers, as well as local distribution companies.

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