Zacks Investment Research downgraded shares of SunCoke Energy Partners (NYSE:SXCP) from a buy rating to a hold rating in a research report sent to investors on Saturday.
According to Zacks, “SunCoke Energy Partners L.P. manufactures metallurgical coke used in the blast furnace production of steel. SunCoke Energy Partners, L.P. is based in Lisle, Illinois. “
Other equities research analysts have also issued reports about the company. TheStreet raised SunCoke Energy Partners from a c rating to a b- rating in a research report on Friday, July 13th. ValuEngine raised SunCoke Energy Partners from a sell rating to a hold rating in a research report on Friday, August 10th. Finally, JPMorgan Chase & Co. reduced their price target on SunCoke Energy Partners from $21.00 to $20.00 and set a neutral rating for the company in a research report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. SunCoke Energy Partners presently has a consensus rating of Hold and an average target price of $19.75.
SunCoke Energy Partners (NYSE:SXCP) last issued its earnings results 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 firm had revenue of $224.10 million for the quarter, compared to the consensus estimate of $221.28 million. SunCoke Energy Partners had a net margin of 16.37% and a return on equity of 13.16%. On average, research analysts expect that SunCoke Energy Partners will post 1.51 earnings per share for the current year.
The business also recently declared 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 annualized dividend and a dividend yield of 11.17%. The ex-dividend date is Wednesday, November 14th. SunCoke Energy Partners’s payout ratio is 96.97%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NEXT Financial Group Inc purchased a new position in SunCoke Energy Partners during the 3rd quarter worth $137,000. Van ECK Associates Corp grew its stake 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 worth $2,327,000 after buying an additional 15,217 shares during the last quarter. GSA Capital Partners LLP purchased a new position in SunCoke Energy Partners during the 2nd quarter worth $961,000. Acadian Asset Management LLC grew its stake in SunCoke Energy Partners by 416.3% during the 2nd quarter. Acadian Asset Management LLC now owns 111,569 shares of the energy company’s stock worth $1,674,000 after buying an additional 89,959 shares during the last quarter. Finally, Guggenheim Capital LLC grew its stake in SunCoke Energy Partners by 538.3% during the 1st quarter. Guggenheim Capital LLC now owns 226,117 shares of the energy company’s stock worth $4,025,000 after buying an additional 190,692 shares during the last quarter. 9.63% of the stock is owned by hedge funds and other 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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