Wall Street analysts forecast that SunCoke Energy Partners LP (NYSE:SXCP) will report sales of $251.15 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for SunCoke Energy Partners’ earnings, with estimates ranging from $236.90 million to $265.40 million. SunCoke Energy Partners reported sales of $218.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 15%. The company is expected to issue its next earnings results before the market opens on Wednesday, January 31st.
According to Zacks, analysts expect that SunCoke Energy Partners will report full year sales of $251.15 million for the current fiscal year, with estimates ranging from $847.10 million to $875.60 million. For the next year, analysts expect that the business will report sales of $889.98 million per share, with estimates ranging from $883.16 million to $896.80 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow SunCoke Energy Partners.
SunCoke Energy Partners (NYSE:SXCP) last released its earnings results on Thursday, October 26th. The energy company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.22. The company had revenue of $214.00 million during the quarter, compared to analysts’ expectations of $212.95 million. SunCoke Energy Partners had a negative net margin of 9.04% and a positive return on equity of 15.35%. SunCoke Energy Partners’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period last year, the business earned $0.42 EPS.
A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of SunCoke Energy Partners from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, November 8th. B. Riley reiterated a “buy” rating on shares of SunCoke Energy Partners in a research note on Wednesday, November 1st. ValuEngine cut shares of SunCoke Energy Partners from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, BidaskClub upgraded shares of SunCoke Energy Partners from a “hold” rating to a “buy” rating in a research note on Thursday, October 12th.
In related news, major shareholder Sun Coal & Coke Llc bought 19,524 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was bought at an average cost of $17.67 per share, for a total transaction of $344,989.08. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders purchased a total of 918,049 shares of company stock valued at $15,961,506 over the last quarter.
A number of hedge funds and other institutional investors have recently made changes to their positions in SXCP. Jane Street Group LLC acquired a new stake in SunCoke Energy Partners during the 3rd quarter valued at approximately $280,000. Russell Investments Group Ltd. acquired a new stake in SunCoke Energy Partners during the 3rd quarter valued at approximately $263,000. Adams Asset Advisors LLC lifted its stake in SunCoke Energy Partners by 36.0% during the 3rd quarter. Adams Asset Advisors LLC now owns 56,695 shares of the energy company’s stock valued at $975,000 after acquiring an additional 15,000 shares during the period. GSA Capital Partners LLP lifted its stake in SunCoke Energy Partners by 11.6% during the 2nd quarter. GSA Capital Partners LLP now owns 116,938 shares of the energy company’s stock valued at $2,052,000 after acquiring an additional 12,138 shares during the period. Finally, Virtu KCG Holdings LLC acquired a new stake in SunCoke Energy Partners during the 2nd quarter valued at approximately $180,000. Institutional investors and hedge funds own 13.28% of the company’s stock.
Shares of SunCoke Energy Partners (NYSE:SXCP) opened at $19.35 on Wednesday. The company has a market cap of $899.08, a P/E ratio of -10.52 and a beta of 1.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.38 and a quick ratio of 0.67. SunCoke Energy Partners has a 12 month low of $13.50 and a 12 month high of $20.20.
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SunCoke Energy Partners Company Profile
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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