SunCoke Energy Partners LP (NYSE:SXCP) declared a quarterly dividend on Monday, January 28th, NASDAQ reports. Stockholders of record on Friday, February 15th will be given a dividend of 0.40 per share by the energy company on Friday, March 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.87%. The ex-dividend date is Thursday, February 14th.

SunCoke Energy Partners has decreased its dividend payment by an average of 7.8% per year over the last three years and has increased its dividend every year for the last 3 years. SunCoke Energy Partners has a dividend payout ratio of 100.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect SunCoke Energy Partners to earn $2.07 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 77.3%.

Shares of SunCoke Energy Partners stock traded down $0.22 during trading hours on Friday, reaching $14.72. The company had a trading volume of 366,759 shares, compared to its average volume of 219,875. SunCoke Energy Partners has a one year low of $9.61 and a one year high of $19.80. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.31 and a quick ratio of 0.65. The firm has a market capitalization of $690.63 million, a P/E ratio of 12.07 and a beta of 1.61.

SunCoke Energy Partners (NYSE:SXCP) last posted its quarterly earnings results on Tuesday, February 5th. The energy company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.09). The company had revenue of $224.60 million during the quarter, compared to the consensus estimate of $220.05 million. SunCoke Energy Partners had a return on equity of 9.47% and a net margin of 6.45%. Sell-side analysts expect that SunCoke Energy Partners will post 1.59 earnings per share for the current fiscal year.

Several research firms recently issued reports on SXCP. B. Riley reissued a “buy” rating and set a $20.00 price objective on shares of SunCoke Energy Partners in a research note on Friday, November 9th. ValuEngine lowered SunCoke Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, November 23rd. Finally, Zacks Investment Research raised SunCoke Energy Partners from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Saturday, January 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.50.

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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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Dividend History for SunCoke Energy Partners (NYSE:SXCP)

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