SunCoke Energy Partners (SXCP) Given “Buy” Rating at B. Riley

B. Riley restated their buy rating on shares of SunCoke Energy Partners (NYSE:SXCP) in a report published on Friday morning. B. Riley also issued estimates for SunCoke Energy Partners’ FY2018 earnings at $1.32 EPS.

A number of other equities research analysts have also weighed in on SXCP. TheStreet upgraded shares of SunCoke Energy Partners from a c rating to a b- rating in a report on Friday, July 13th. JPMorgan Chase & Co. lowered their price objective on shares of SunCoke Energy Partners from $21.00 to $20.00 and set a neutral rating for the company in a report on Friday, July 27th. ValuEngine upgraded shares of SunCoke Energy Partners from a sell rating to a hold rating in a report on Friday, August 10th. Finally, Zacks Investment Research upgraded shares of SunCoke Energy Partners from a hold rating to a buy rating and set a $17.00 price objective for the company in a report on Thursday, October 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. SunCoke Energy Partners has a consensus rating of Hold and an average price target of $19.75.

Shares of SXCP traded down $0.08 during mid-day 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 firm has a market cap of $678.61 million, a price-to-earnings ratio of 86.35 and a beta of 1.33. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.65 and a current ratio of 1.31. SunCoke Energy Partners has a 52 week low of $13.36 and a 52 week high of $21.95.

SunCoke Energy Partners (NYSE:SXCP) last announced its quarterly earnings data on Thursday, October 25th. The energy company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.09). The business had revenue of $224.10 million during the quarter, compared to the consensus estimate of $221.28 million. SunCoke Energy Partners had a return on equity of 13.19% and a net margin of 16.37%. As a group, equities research analysts predict that SunCoke Energy Partners will post 1.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.20%. SunCoke Energy Partners’s payout ratio is 96.97%.

A number of large investors have recently bought and sold shares of the stock. Arrow Investment Advisors LLC raised its holdings 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 buying an additional 5,976 shares during the last quarter. NEXT Financial Group Inc bought a new stake in SunCoke Energy Partners during the 3rd quarter valued at $137,000. Van ECK Associates Corp raised its holdings 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 buying an additional 15,217 shares during the last quarter. Acadian Asset Management LLC raised its holdings 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 buying an additional 50,598 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in SunCoke Energy Partners during the 2nd quarter valued at $961,000. Institutional investors own 9.63% of the company’s stock.

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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