Southcross says South Texas operations had 'continued growth' in Q4 Southcross Energy Partners announced preliminary results of its South Texas operations during 4Q13. Southcross’ South Texas operations experienced continued growth during the 4Q13. Processed gas volumes increased by approximately 13% over 3Q13 volumes and sales volumes of natural gas liquids were approximately 28% greater than 3Q13 volumes. In excess of 99% of finished NGLs produced at Southcross’ two fractionators were sold at “on-spec” prices during the quarter. David Biegler, chairman, president and CEO said, “4Q13 volumes were in line with our expectations. Southcross enters 2014 with solid operational performance and we believe we are well-positioned to focus on expanding our assets in the Eagle Ford shale.”
News For SXE From The Last 14 Days
Check below for free stories on SXE the last two weeks.
On The Fly: Analyst Downgrade Summary Brixmor (BRX) downgraded to Neutral from Buy at UBS... Continental Resources (CLR) downgraded to Neutral from Buy at UBS... Emeritus (ESC) downgraded to Hold from Buy at Deutsche Bank... Hilltop Holdings (HTH) downgraded to Outperform from Strong Buy at Raymond James... MarkWest Energy (MWE) downgraded to Neutral from Overweight at JPMorgan... New York Mortgage (NYMT) downgraded to Hold from Buy at MLV & Co... OCI Resources (OCIR) downgraded to Neutral from Buy at Goldman... Redwood Trust (RWT) downgraded to Hold from Buy at Jefferies... Southcross Energy Partners (SXE) downgraded to Neutral from Overweight at JPMorgan... Spark Networks (LOV) downgraded to Market Perform from Outperform at William Blair... Bonanza Creek (BCEI) downgraded to Sector Perform from Outperform at Howard Weil... Auxilium (AUXL) downgraded to Underweight from Equal Weight at Morgan Stanley... Lowe's (LOW) downgraded at Wedbush... Exelon (EXC) downgraded to Hold from Accumulate at Tudor Pickering... Copa Holdings (CPA) downgraded to Neutral from Buy at Citigroup... Bed Bath & Beyond (BBBY) downgraded to Neutral from Outperform at Wedbush... Lumber Liquidators (LL) downgraded to Neutral from Outperform at Wedbush.
Southcross Energy Partners downgraded to Neutral from Overweight at JPMorgan JPMorgan downgraded Southcross Energy Partners citing the company's weaker than expected first half of 2014 guidance and uncertainty on the Webb pipeline. The firm lowered its price target for shares to $18 from $20.