Southcross Energy Partners (NYSE:SXE) issued its quarterly earnings results on Tuesday. The energy company reported ($0.22) earnings per share (EPS) for the quarter, MarketWatch Earnings reports. The business had revenue of $137.42 million for the quarter. Southcross Energy Partners had a negative return on equity of 13.59% and a negative net margin of 10.35%.
NYSE:SXE traded down $0.05 during midday trading on Wednesday, reaching $0.47. The company had a trading volume of 4,731 shares, compared to its average volume of 264,319. Southcross Energy Partners has a 12-month low of $0.50 and a 12-month high of $2.74. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.07.
Separately, ValuEngine raised Southcross Energy Partners from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd.
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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