|Bid||0.350 x 3200|
|Ask||0.357 x 3000|
|Day's Range||0.3530 - 0.3630|
|52 Week Range||0.2100 - 2.1800|
|Beta (3Y Monthly)||5.11|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 27, 2019 - Mar 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.75|
DALLAS, Texas, Dec. 26, 2018 -- Southcross Energy Partners, L.P. (NYSE: SXE) (“Southcross”) announced today the appointment of Michael B. Howe as Senior Vice President and.
LP, warning that the pipeline operator could run out of money and default on its debt by March 31, absent a cash injection or debt restructuring. Without an equity infusion from its private-equity owners or a third party, the Dallas-based company will need to get its lenders to agree to a waiver in order to avoid a default by March 31 under its debt agreement, according to S&P. The ratings firm also said that “absent significantly favorable changes” in Southcross’ circumstances, a debt restructuring, default or distressed debt exchange is highly likely by the end of the first quarter.
Drilling activity near Southcross' Eagle Ford systems has remained subdued and the partnership as a result will struggle to grow throughout volumes, boost cash flow and reduce debt. The Ca-PD reflects the company's high near term default risk given its challenged revolver covenant and maturity situation.
NEW YORK, Nov. 20, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
A San Antonio-based pipeline and storage terminal operator has made two major moves in its Permian Basin-to-Corpus Christi play.
DALLAS , Sept. 14, 2018 /PRNewswire/ -- Alerian announced the results of the September quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, ...
Moody's Investors Service ("Moody's") downgraded Southcross Energy Partners, L.P.'s (Southcross) Corporate Family Rating (CFR) to Caa2 from Caa1, Probability of Default Rating (PDR) to Caa2-PD from Caa1-PD, senior secured term loan rating to Caa2 from Caa1, and Speculative Grade Liquidity (SGL) rating to SGL-4 from SGL-3. At the same time, Moody's confirmed all of the ratings of Southcross Holdings Borrower LP's (Holdings, the general partner of Southcross), including Holdings' Caa3 CFR, Caa3-PD PDR and Caa3 term loan ratings.
Alliance Resource Partners (ARLP), an MLP involved in coal mining and production, was the top MLP loss in the week ending June 22. Alliance Resource Partners fell 8.5%. The recent weakness could be attributed to a strong increase in the natural gas demand from US utilities, which could impact the overall coal demand. Alliance Resources Partners has lost 7.4% since the beginning of this year.
Legacy Reserves (LGCY), the upstream MLP involved in crude oil, natural gas, and NGLs (natural gas liquids) production, was the top MLP loss last week. Legacy Reserves fell 36.2% mainly due to the weakness in crude oil prices. Although Legacy Reserves has fallen significantly from its YTD highs, it’s still up 217.4% in 2018. The stock might continue to see high volatility in the near term due to strong movements in crude oil prices.
DALLAS , March 26, 2018 /PRNewswire/ -- Alerian announced today that Southcross Energy Partners (NYSE: SXE) is expected to be removed from the Alerian Small Cap MLP Index (AMSI) in a special rebalancing. ...
Stock Monitor: Southcross Energy Partners Post Earnings Reporting LONDON, UK / ACCESSWIRE / March 15, 2018 / Active-Investors.com has just released a free earnings report on New Jersey Resources Corp. ...
Investors are always looking for growth in small-cap stocks like Southcross Energy Partners LP. (NYSE:SXE), with a market cap of US$149.25M. However, an important fact which most ignore is: howRead More...