SunCoke Energy Partners, L.P. (SXCP) Downgraded by BidaskClub to “Sell”

BidaskClub downgraded shares of SunCoke Energy Partners, L.P. (NYSE:SXCP) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

A number of other research analysts have also issued reports on the stock. ValuEngine upgraded shares of SunCoke Energy Partners, L.P. from a buy rating to a strong-buy rating in a research report on Wednesday, May 31st. Zacks Investment Research upgraded shares of SunCoke Energy Partners, L.P. from a sell rating to a hold rating in a research report on Friday, May 19th.

Shares of SunCoke Energy Partners, L.P. (NYSE:SXCP) opened at 16.80 on Tuesday. The company’s market cap is $776.55 million. SunCoke Energy Partners, L.P. has a 1-year low of $13.50 and a 1-year high of $21.95. The company has a 50 day moving average of $17.51 and a 200 day moving average of $16.85.

SunCoke Energy Partners, L.P. (NYSE:SXCP) last announced its earnings results on Thursday, July 27th. The energy company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.08). SunCoke Energy Partners, L.P. had a positive return on equity of 14.02% and a negative net margin of 9.52%. The business had revenue of $200.60 million for the quarter, compared to analyst estimates of $212.25 million. During the same quarter in the previous year, the company earned $0.23 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities analysts expect that SunCoke Energy Partners, L.P. will post ($1.91) earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were given a dividend of $0.594 per share. The ex-dividend date was Friday, August 11th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 14.14%. SunCoke Energy Partners, L.P.’s payout ratio is presently -127.27%.

In other SunCoke Energy Partners, L.P. news, major shareholder Sun Coal & Coke Llc bought 35,838 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $16.70 per share, for a total transaction of $598,494.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have acquired 682,463 shares of company stock worth $11,754,332.

Several institutional investors have recently modified their holdings of the company. Morgan Stanley lifted its holdings in shares of SunCoke Energy Partners, L.P. by 12.7% during the 1st quarter. Morgan Stanley now owns 4,169,812 shares of the energy company’s stock worth $64,008,000 after acquiring an additional 468,527 shares during the period. Gendell Jeffrey L lifted its holdings in shares of SunCoke Energy Partners, L.P. by 259.6% during the 1st quarter. Gendell Jeffrey L now owns 863,511 shares of the energy company’s stock worth $13,255,000 after acquiring an additional 623,399 shares during the period. Van ECK Associates Corp lifted its holdings in shares of SunCoke Energy Partners, L.P. by 49.3% during the 1st quarter. Van ECK Associates Corp now owns 274,038 shares of the energy company’s stock worth $4,206,000 after acquiring an additional 90,485 shares during the period. Rafferty Asset Management LLC lifted its holdings in shares of SunCoke Energy Partners, L.P. by 34.7% during the 1st quarter. Rafferty Asset Management LLC now owns 200,268 shares of the energy company’s stock worth $3,074,000 after acquiring an additional 51,559 shares during the period. Finally, Eaton Vance Management bought a new stake in shares of SunCoke Energy Partners, L.P. during the 2nd quarter worth approximately $2,982,000. 15.71% of the stock is owned by institutional investors.

SunCoke Energy Partners, L.P. Company Profile

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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