Zacks Investment Research downgraded shares of SunCoke Energy Partners (NYSE:SXCP) from a buy rating to a hold rating in a report released on Tuesday, January 2nd.
According to Zacks, “SunCoke Energy Partners L.P. manufactures metallurgical coke used in the blast furnace production of steel. SunCoke Energy Partners, L.P. is based in Lisle, Illinois. “
Several other research firms also recently commented on SXCP. B. Riley reiterated a buy rating on shares of SunCoke Energy Partners in a research report on Wednesday, November 1st. ValuEngine downgraded shares of SunCoke Energy Partners from a buy rating to a hold rating in a research report on Thursday, November 9th. Finally, BidaskClub upgraded shares of SunCoke Energy Partners from a hold rating to a buy rating in a research report on Thursday, October 12th.
Shares of SunCoke Energy Partners (NYSE SXCP) opened at $19.45 on Tuesday. SunCoke Energy Partners has a 12-month low of $13.50 and a 12-month high of $20.25. The firm has a market cap of $908.32, a P/E ratio of 10.86 and a beta of 1.29. The company has a current ratio of 1.38, a quick ratio of 0.67 and a debt-to-equity ratio of 1.50.
SunCoke Energy Partners (NYSE:SXCP) last released its quarterly earnings results on Thursday, October 26th. The energy company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.23 by $0.22. SunCoke Energy Partners had a negative net margin of 9.04% and a positive return on equity of 15.35%. The firm had revenue of $214.00 million during the quarter, compared to the consensus estimate of $212.95 million. During the same quarter in the prior year, the firm earned $0.42 EPS. SunCoke Energy Partners’s revenue for the quarter was up 15.4% on a year-over-year basis. research analysts expect that SunCoke Energy Partners will post -1.94 earnings per share for the current fiscal year.
In other SunCoke Energy Partners news, major shareholder Sun Coal & Coke Llc purchased 8,800 shares of SunCoke Energy Partners stock in a transaction that occurred on Tuesday, October 17th. The stock was purchased at an average price of $17.77 per share, for a total transaction of $156,376.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In the last quarter, insiders purchased 962,354 shares of company stock valued at $16,744,468.
A number of institutional investors and hedge funds have recently made changes to their positions in SXCP. Virtu KCG Holdings LLC acquired a new position in SunCoke Energy Partners in the 2nd quarter valued at $180,000. Sheaff Brock Investment Advisors LLC increased its stake in SunCoke Energy Partners by 7.8% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 11,100 shares of the energy company’s stock valued at $195,000 after buying an additional 800 shares during the period. Sei Investments Co. acquired a new position in SunCoke Energy Partners in the 2nd quarter valued at $206,000. Russell Investments Group Ltd. acquired a new position in SunCoke Energy Partners in the 3rd quarter valued at $263,000. Finally, Jane Street Group LLC acquired a new position in SunCoke Energy Partners in the 3rd quarter valued at $280,000. 13.28% of the stock is currently owned by institutional investors.
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About SunCoke Energy Partners
SunCoke Energy Partners, L.P. is engaged in the production of coke used in the blast furnace production of steel. As of December 31, 2016, the Company owned a 98% interest in Haverhill Coke Company LLC (Haverhill), Middletown Coke Company, LLC (Middletown), and Gateway Energy and Coke Company, LLC (Granite City).
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