The stock of Arc Logistics Partners LP (NYSE:ARCX) is a huge mover today! The stock increased 3.59% or $0.54 on October 3, hitting $15.59. About 57,702 shares traded hands or 110.38% up from the average. Arc Logistics Partners LP (NYSE:ARCX) has risen 21.96% since February 29, 2016 and is uptrending. It has outperformed by 9.75% the S&P500.
The move comes after 5 months positive chart setup for the $300.82 million company. It was reported on Oct, 4 by Barchart.com. We have $23.39 PT which if reached, will make NYSE:ARCX worth $150.41 million more.
Analysts await Arc Logistics Partners LP (NYSE:ARCX) to report earnings on November, 2. They expect $0.28 EPS, up 16.67% or $0.04 from last year’s $0.24 per share. ARCX’s profit will be $5.40 million for 13.92 P/E if the $0.28 EPS becomes a reality. After $0.22 actual EPS reported by Arc Logistics Partners LP for the previous quarter, Wall Street now forecasts 27.27% EPS growth.
Arc Logistics Partners LP (NYSE:ARCX) Ratings Coverage
Out of 7 analysts covering Arc Logistics (NYSE:ARCX), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Arc Logistics has been the topic of 12 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was downgraded by Barclays Capital on Monday, January 11 to “Equal Weight”. The rating was maintained by Citigroup on Friday, May 20 with “Buy”. The stock of Arc Logistics Partners LP (NYSE:ARCX) has “Buy” rating given on Tuesday, March 15 by Citigroup. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, March 14 report. The stock has “Hold” rating given by Stifel Nicolaus on Friday, August 5. Stifel Nicolaus maintained it with “Buy” rating and $13 target price in Friday, May 6 report. Seaport Global upgraded the shares of ARCX in a report on Friday, May 6 to “Buy” rating. The firm earned “Buy” rating on Tuesday, November 17 by DA Davidson.
According to Zacks Investment Research, “Arc Logistics Partners LP is principally engaged in the terminalling, storage, throughput and transloading of crude oil and petroleum products. It owns, operates, develops and acquires a portfolio of complementary energy logistics assets. Arc Logistics Partners LP is based in New York.”
Insitutional Activity: The institutional sentiment decreased to 0.75 in Q2 2016. Its down 0.63, from 1.38 in 2016Q1. The ratio turned negative, as 5 funds sold all Arc Logistics Partners LP shares owned while 7 reduced positions. 3 funds bought stakes while 6 increased positions. They now own 7.25 million shares or 25.50% less from 9.73 million shares in 2016Q1.
Jpmorgan Chase & Commerce holds 0% or 8,572 shares in its portfolio. Deutsche Fincl Bank Ag accumulated 79,200 shares or 0% of the stock. Salient Advisors Limited Com holds 0.16% or 537,516 shares in its portfolio. Raymond James Svcs Advisors Incorporated has 0.01% invested in the company for 40,800 shares. Advisory Inc accumulated 542,595 shares or 0.12% of the stock. Citigroup owns 6,463 shares or 0% of their US portfolio. Tower Research Ltd Com (Trc) last reported 0% of its portfolio in the stock. California Employees Retirement has 22,800 shares for 0% of their US portfolio. Eagle Global Advisors Limited Liability Company last reported 0.13% of its portfolio in the stock. Morgan Stanley owns 125,066 shares or 0% of their US portfolio. Renaissance Technologies Ltd Liability accumulated 45,700 shares or 0% of the stock. Moreover, Walleye Trading Limited Liability Corp has 0% invested in Arc Logistics Partners LP (NYSE:ARCX) for 5,800 shares. Magnetar Fin Ltd Company reported 572,635 shares or 0.14% of all its holdings. Toronto Dominion Natl Bank accumulated 826 shares or 0% of the stock. Wells Fargo And Co Mn has 0% invested in the company for 1,090 shares.
More notable recent Arc Logistics Partners LP (NYSE:ARCX) news were published by: Globenewswire.com which released: “Arc Logistics Partners LP Announces Quarterly Distribution, Second Quarter …” on July 28, 2016, also Globenewswire.com with their article: “Arc Logistics Partners LP Announces Fourth Quarter and Full Year 2015 Results” published on March 10, 2016, Globenewswire.com published: “Arc Logistics Partners LP Announces First Quarter 2016 Results” on May 05, 2016. More interesting news about Arc Logistics Partners LP (NYSE:ARCX) were released by: Marketwatch.com and their article: “Arc Logistics Partners LP” published on November 20, 2013 as well as Globenewswire.com‘s news article titled: “Arc Logistics Partners LP Completes Its Acquisition of Four Refined Products …” with publication date: January 14, 2016.
ARCX Company Profile
Arc Logistics Partners LP, incorporated on July 29, 2013, owns, operates, develops and acquires a portfolio of complementary energy logistics assets. The Firm is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. It is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets. It offers storage and throughput services fees, and ancillary services fees. The Firm operates through terminal and transloading facilities segment.
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