SunCoke Energy Partners (SXCP) Rating Reiterated by B. Riley
B. Riley reaffirmed their buy rating on shares of SunCoke Energy Partners (NYSE:SXCP) in a research note published on Friday morning. B. Riley also issued estimates for SunCoke Energy Partners’ FY2018 earnings at $1.32 EPS.
A number of other analysts also recently weighed in on the stock. ValuEngine raised shares of SunCoke Energy Partners from a sell rating to a hold rating in a research report on Thursday, November 1st. Zacks Investment Research downgraded shares of SunCoke Energy Partners from a buy rating to a hold rating in a research report on Saturday, October 27th. JPMorgan Chase & Co. reduced their target price on shares of SunCoke Energy Partners from $21.00 to $20.00 and set a neutral rating on the stock in a research report on Friday, July 27th. Finally, TheStreet raised shares of SunCoke Energy Partners from a c rating to a b- rating in a research report on Friday, July 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. SunCoke Energy Partners has an average rating of Hold and a consensus price target of $19.75.
Shares of NYSE:SXCP traded down $0.08 during midday trading on Friday, reaching $14.28. The company’s stock had a trading volume of 118,847 shares, compared to its average volume of 152,607. The company has a market capitalization of $678.61 million, a PE ratio of 86.35 and a beta of 1.33. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.31 and a quick ratio of 0.65. SunCoke Energy Partners has a 12-month low of $13.36 and a 12-month high of $21.95.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.20%. The ex-dividend date of this dividend is Wednesday, November 14th. SunCoke Energy Partners’s dividend payout ratio is presently 96.97%.
A number of hedge funds have recently made changes to their positions in the stock. Arrow Investment Advisors LLC grew its position in SunCoke Energy Partners by 22.6% during the 3rd quarter. Arrow Investment Advisors LLC now owns 32,364 shares of the energy company’s stock valued at $494,000 after purchasing an additional 5,976 shares during the last quarter. Acadian Asset Management LLC grew its position in SunCoke Energy Partners by 45.4% during the 3rd quarter. Acadian Asset Management LLC now owns 162,167 shares of the energy company’s stock valued at $2,473,000 after purchasing an additional 50,598 shares during the last quarter. NEXT Financial Group Inc purchased a new stake in SunCoke Energy Partners during the 3rd quarter valued at about $137,000. Van ECK Associates Corp grew its position in SunCoke Energy Partners by 10.9% during the 2nd quarter. Van ECK Associates Corp now owns 155,134 shares of the energy company’s stock valued at $2,327,000 after purchasing an additional 15,217 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in SunCoke Energy Partners during the 2nd quarter valued at about $961,000. 9.63% of the stock is currently owned by institutional investors.
SunCoke Energy Partners Company Profile
SunCoke Energy Partners, L.P., a master limited partnership, produces and sells coke used in the blast furnace production of steel in the United States. It operates through two segments, Domestic Coke and Logistics. The company also provides metallurgical and thermal coal mixing and handling terminal services, as well as operates Convent Marine Terminal, an export terminal in the United States Gulf Coast located in Convent, Louisiana.
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