Zacks Investment Research downgraded shares of SunCoke Energy Partners (NYSE:SXCP) from a buy rating to a hold rating in a research note 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 analysts have also commented on SXCP. B. Riley reaffirmed a buy rating on shares of SunCoke Energy Partners in a report on Wednesday, November 1st. BidaskClub raised shares of SunCoke Energy Partners from a sell rating to a hold rating in a report on Tuesday, September 26th. Finally, ValuEngine lowered shares of SunCoke Energy Partners from a buy rating to a hold rating in a report on Thursday, November 9th.
Shares of SunCoke Energy Partners (NYSE:SXCP) traded up $0.10 during mid-day trading on Tuesday, reaching $21.70. 163,490 shares of the company’s stock traded hands, compared to its average volume of 251,321. The firm has a market cap of $1,000.00, a price-to-earnings ratio of -11.73 and a beta of 1.28. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.67 and a current ratio of 1.38. SunCoke Energy Partners has a 52 week low of $13.50 and a 52 week high of $21.95.
SunCoke Energy Partners (NYSE:SXCP) last announced its quarterly earnings data on Thursday, October 26th. The energy company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.22. SunCoke Energy Partners had a net margin of 10.89% and a return on equity of 16.38%. The company had revenue of $214.00 million during the quarter, compared to analyst estimates of $212.95 million. During the same period last year, the business earned $0.42 EPS. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. equities research analysts predict that SunCoke Energy Partners will post -1.94 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a $0.594 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $2.38 annualized dividend and a yield of 10.95%. SunCoke Energy Partners’s dividend payout ratio is presently -128.65%.
In other news, major shareholder Sun Coal & Coke Llc acquired 11,900 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average cost of $17.90 per share, for a total transaction of $213,010.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 875,988 shares of company stock worth $15,212,047.
Several hedge funds have recently added to or reduced their stakes in SXCP. Sei Investments Co. bought a new stake in shares of SunCoke Energy Partners during the 2nd quarter worth about $206,000. Marshall Wace North America L.P. bought a new stake in shares of SunCoke Energy Partners during the 2nd quarter worth about $910,000. Quinn Opportunity Partners LLC bought a new stake in shares of SunCoke Energy Partners during the 2nd quarter worth about $381,000. Sheaff Brock Investment Advisors LLC raised its position in shares of SunCoke Energy Partners by 7.8% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 11,100 shares of the energy company’s stock worth $195,000 after buying an additional 800 shares in the last quarter. Finally, Eaton Vance Management bought a new stake in shares of SunCoke Energy Partners during the 2nd quarter worth about $2,982,000. Institutional investors own 13.26% of the company’s stock.
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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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