ValuEngine Lowers SunCoke Energy Partners, L.P. (SXCP) to Hold

ValuEngine cut shares of SunCoke Energy Partners, L.P. (NYSE:SXCP) from a buy rating to a hold rating in a report published on Thursday morning.

Several other equities research analysts also recently weighed in on the company. B. Riley reissued a buy rating on shares of SunCoke Energy Partners, L.P. in a report on Wednesday, November 1st. Zacks Investment Research raised SunCoke Energy Partners, L.P. from a hold rating to a buy rating and set a $20.00 price target for the company in a report on Wednesday. Finally, BidaskClub raised SunCoke Energy Partners, L.P. from a hold rating to a buy rating in a report on Thursday, October 12th.

Shares of SunCoke Energy Partners, L.P. (SXCP) traded down $0.05 during midday trading on Thursday, reaching $17.70. The company’s stock had a trading volume of 211,300 shares, compared to its average volume of 169,629. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.67 and a current ratio of 1.38. The firm has a market capitalization of $818.18, a P/E ratio of 9.78 and a beta of 1.31. SunCoke Energy Partners, L.P. has a fifty-two week low of $13.50 and a fifty-two week high of $21.95.

SunCoke Energy Partners, L.P. (NYSE:SXCP) last issued its quarterly earnings results on Thursday, October 26th. The energy company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.22. The business had revenue of $214.00 million during the quarter, compared to the consensus estimate of $212.95 million. SunCoke Energy Partners, L.P. had a positive return on equity of 15.35% and a negative net margin of 9.04%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. analysts expect that SunCoke Energy Partners, L.P. will post -1.94 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a dividend of $0.594 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 13.42%. The ex-dividend date of this dividend is Tuesday, November 14th. SunCoke Energy Partners, L.P.’s dividend payout ratio (DPR) is -129.35%.

In other news, major shareholder Sun Coal & Coke Llc bought 28,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average price of $17.89 per share, with a total value of $504,498.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 734,879 shares of company stock valued at $12,722,798 in the last ninety days.

Institutional investors have recently added to or reduced their stakes in the stock. Eaton Vance Management acquired a new stake in shares of SunCoke Energy Partners, L.P. during the second quarter worth about $2,982,000. Adams Asset Advisors LLC raised its position in SunCoke Energy Partners, L.P. by 36.0% during the third 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 in the last quarter. Alpha Cubed Investments LLC purchased a new position in SunCoke Energy Partners, L.P. during the second quarter valued at approximately $292,000. Marshall Wace North America L.P. purchased a new position in SunCoke Energy Partners, L.P. during the second quarter valued at approximately $910,000. Finally, California Public Employees Retirement System raised its position in SunCoke Energy Partners, L.P. by 16.5% during the first quarter. California Public Employees Retirement System now owns 67,700 shares of the energy company’s stock valued at $1,039,000 after acquiring an additional 9,600 shares in the last quarter. 15.60% of the stock is owned by hedge funds and other institutional investors.

About SunCoke Energy Partners, L.P.

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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