Arc Logistic Partners’ (ARCX) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Arc Logistic Partners LP (NYSE:ARCX) in a research report report published on Friday, October 6th. They currently have a $16.50 target price on the pipeline company’s stock.

ARCX has been the subject of several other reports. Zacks Investment Research raised Arc Logistic Partners from a sell rating to a hold rating in a report on Tuesday, July 25th. BidaskClub raised Arc Logistic Partners from a hold rating to a buy rating in a report on Friday, September 1st. Finally, SunTrust Banks, Inc. lowered Arc Logistic Partners from a buy rating to a hold rating and upped their target price for the company from $15.00 to $16.50 in a report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Arc Logistic Partners has an average rating of Hold and a consensus price target of $18.33.

Shares of Arc Logistic Partners (NYSE:ARCX) opened at 16.70 on Friday. The firm has a market cap of $326.40 million, a P/E ratio of 27.47 and a beta of 0.81. The company’s 50 day moving average price is $16.58 and its 200-day moving average price is $15.14. Arc Logistic Partners has a 12-month low of $12.86 and a 12-month high of $17.40.

Arc Logistic Partners (NYSE:ARCX) last announced its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The firm had revenue of $26.59 million for the quarter, compared to analyst estimates of $26.71 million. Arc Logistic Partners had a net margin of 13.28% and a return on equity of 4.10%. On average, equities research analysts anticipate that Arc Logistic Partners will post $0.68 EPS for the current year.

WARNING: “Arc Logistic Partners’ (ARCX) Hold Rating Reaffirmed at Stifel Nicolaus” was originally published by BBNS and is the sole property of of BBNS. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://baseballnewssource.com/markets/arc-logistic-partners-arcx-hold-rating-reiterated-at-stifel-nicolaus/1700646.html.

A number of hedge funds have recently modified their holdings of ARCX. D.A. Davidson & CO. boosted its stake in Arc Logistic Partners by 29.7% during the 2nd quarter. D.A. Davidson & CO. now owns 9,604 shares of the pipeline company’s stock valued at $145,000 after purchasing an additional 2,200 shares in the last quarter. BB&T Securities LLC bought a new position in Arc Logistic Partners during the 1st quarter valued at $174,000. Mariner Wealth Advisors LLC lifted its position in shares of Arc Logistic Partners by 3.0% during the 2nd quarter. Mariner Wealth Advisors LLC now owns 14,765 shares of the pipeline company’s stock valued at $224,000 after acquiring an additional 434 shares during the last quarter. KCG Holdings Inc. acquired a new stake in shares of Arc Logistic Partners during the 1st quarter valued at $464,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Arc Logistic Partners by 3.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 41,600 shares of the pipeline company’s stock valued at $593,000 after acquiring an additional 1,300 shares during the last quarter. 40.60% of the stock is owned by institutional investors and hedge funds.

About Arc Logistic Partners

Arc Logistics Partners LP owns, operates, develops and acquires a portfolio of energy logistics assets. The Company is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. The Company is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets.

Receive News & Ratings for Arc Logistic Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arc Logistic Partners LP and related companies with our FREE daily email newsletter.

 


Latest News

Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Red Sox Beat Houston Sunday to Avoid Elimination
Red Sox Beat Houston Sunday to Avoid Elimination


Leave a Reply

 
© 2006-2017 BBNS.