SunCoke Energy Partners LP Announces Quarterly Dividend of $0.59 (SXCP)
SunCoke Energy Partners LP (NYSE:SXCP) announced a quarterly dividend on Wednesday, October 19th. Investors of record on Tuesday, November 15th will be given a dividend of 0.594 per share on Thursday, December 1st. This represents a $2.38 dividend on an annualized basis and a yield of 14.44%. The ex-dividend date of this dividend is Thursday, November 10th.
SunCoke Energy Partners (NYSE:SXCP) traded up 5.11% during mid-day trading on Wednesday, reaching $16.45. 408,089 shares of the company were exchanged. The company’s 50 day moving average price is $14.76 and its 200-day moving average price is $12.69. The stock has a market capitalization of $760.15 million, a price-to-earnings ratio of 8.26 and a beta of 1.19. SunCoke Energy Partners has a 12-month low of $5.16 and a 12-month high of $16.45.
SunCoke Energy Partners (NYSE:SXCP) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.19. The business had revenue of $181.40 million for the quarter, compared to analysts’ expectations of $185.40 million. The firm’s revenue was down 12.6% on a year-over-year basis. On average, equities research analysts forecast that SunCoke Energy Partners will post $1.76 earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut shares of SunCoke Energy Partners from a “buy” rating to a “hold” rating in a research note on Saturday.
Several hedge funds have recently bought and sold shares of SXCP. Citadel Advisors LLC bought a new stake in SunCoke Energy Partners during the second quarter worth about $208,000. KCG Holdings Inc. bought a new stake in SunCoke Energy Partners during the second quarter worth about $142,000. Allianz Asset Management AG bought a new stake in SunCoke Energy Partners during the second quarter worth about $305,000. Finally, JPMorgan Chase & Co. boosted its stake in SunCoke Energy Partners by 279.5% in the second quarter. JPMorgan Chase & Co. now owns 22,767 shares of the company’s stock worth $246,000 after buying an additional 16,767 shares in the last quarter.
SunCoke Energy Partners Company Profile
SunCoke Energy Partners, L.P. is engaged primarily in producing coke used in the blast furnace production of steel. The Company also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s segments include Domestic Coke, Coal Logistics, and Corporate and Other. Its Domestic Coke segment consists of the Haverhill Coke Company LLC, Middletown Coke Company, LLC and Gateway Energy and Coke Company, LLC cokemaking and heat recovery operations in Franklin Furnace, Ohio; Middletown, Ohio, and Granite City, Illinois, respectively.
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