Arc Logistics Partners LP (ARCX) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Aug 5, 2016.
Arc Logistics Partners LP closed down -0.01 points or -0.06% at $15.62 with 66,402 shares getting traded on Thursday. Post opening the session at $15.63, the shares hit an intraday low of $15.32 and an intraday high of $15.73 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.