Brokerage firm Stifel Nicolaus Downgrades its rating on Arc Logistics Partners LP(NYSE:ARCX). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Stifel Nicolaus was issued on Aug 5, 2016.
In a different note, On May 20, 2016, Citigroup said it Maintains its rating on Arc Logistics Partners LP. In the research note, the firm Raises the price-target to $11.00 per share. The shares have been rated ‘Buy’ by the firm.
Arc Logistics Partners LP (ARCX) shares turned negative on Wednesdays trading session with the shares closing down -0.31 points or -2.08% at a volume of 28,671. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.06. The peak price level was also seen at $15.06 while the days lowest was $14.55. Finally the shares closed at $14.6. The 52-week high of the shares is $18.25 while the 52-week low is $8.66. According to the latest information available, the market cap of the company is $282 M.
Arc Logistics Partners LP(ARCX) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $26.24M. Analysts had an estimated revenue of $26.63M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.26.
Several Insider Transactions has been reported to the SEC. On Mar 15, 2016, Energy Trading, Llc United (10% owner) sold 20,000 shares at $0.00 per share price.
Arc Logistics Partners LP owns operates develops and acquires portfolio of complementary energy logistics assets. The Company is engaged in the terminalling storage throughput and transloading of crude oil and petroleum products. As of December 31 2014the Company’s energy logistics assets are located in the East Coast Gulf Coast West Coast and Midwest regions of the United States and supply a group of third-party customers including oil companies independent refiners crude oil and petroleum product marketers distributors and various industrial manufacturers. The Company’s assets consist of 15 terminals in ten states of the United States with approximately 6.4 million barrels of crude oil and petroleum product storage capacity; three rail transloading facilities with approximately 41000 barrels per day (bpd) of throughput capacity and the liquefied natural gas (LNG) Interest in connection with the LNG Facility which has 320000 cubic meter (M3) of storage.