Zacks Investment Research upgraded shares of SunCoke Energy Partners (NYSE:SXCP) from a hold rating to a buy rating in a research note issued to investors on Friday. They currently have $17.00 price objective on the energy company’s stock.
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. “
A number of other equities analysts have also issued reports on the stock. B. Riley reaffirmed a buy rating and set a $20.00 target price on shares of SunCoke Energy Partners in a research report on Friday, November 9th. ValuEngine lowered shares of SunCoke Energy Partners from a hold rating to a sell rating in a research report on Friday, November 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $19.50.
SunCoke Energy Partners (NYSE:SXCP) last announced its earnings results on Tuesday, February 5th. The energy company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.09). SunCoke Energy Partners had a return on equity of 9.47% and a net margin of 6.45%. The company had revenue of $224.60 million for the quarter, compared to the consensus estimate of $220.05 million. Analysts predict that SunCoke Energy Partners will post 1.59 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, February 14th. This represents a $1.60 dividend on an annualized basis and a yield of 10.87%. SunCoke Energy Partners’s dividend payout ratio is currently 131.15%.
Institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc boosted its stake in SunCoke Energy Partners by 1,451.0% during the fourth quarter. IFP Advisors Inc now owns 3,102 shares of the energy company’s stock worth $32,000 after buying an additional 2,902 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in SunCoke Energy Partners during the third quarter worth $137,000. Blair William & Co. IL acquired a new stake in SunCoke Energy Partners during the third quarter worth $198,000. Arrow Investment Advisors LLC boosted its stake in SunCoke Energy Partners by 22.6% during the third quarter. Arrow Investment Advisors LLC now owns 32,364 shares of the energy company’s stock worth $494,000 after buying an additional 5,976 shares in the last quarter. Finally, Wiley BROS. Aintree Capital LLC acquired a new stake in SunCoke Energy Partners during the fourth quarter worth $716,000. Hedge funds and other institutional investors own 8.11% of the company’s stock.
About SunCoke Energy Partners
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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