SunCoke Energy Partners (SXCP) Rating Lowered to Hold at Zacks Investment Research

SunCoke Energy Partners (NYSE:SXCP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

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 analysts have also recently weighed in on SXCP. BidaskClub cut SunCoke Energy Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. ValuEngine cut SunCoke Energy Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 20th. Finally, B. Riley restated a “buy” rating on shares of SunCoke Energy Partners in a research note on Wednesday, November 1st.

Shares of SunCoke Energy Partners (SXCP) traded down $0.15 during midday trading on Tuesday, hitting $17.60. The stock had a trading volume of 193,698 shares, compared to its average volume of 214,412. The firm has a market capitalization of $813.58, a PE ratio of -9.51 and a beta of 1.28. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.67 and a current ratio of 1.38. SunCoke Energy Partners has a twelve month low of $13.50 and a twelve month high of $20.70.

SunCoke Energy Partners (NYSE:SXCP) last announced its quarterly earnings data on Thursday, October 26th. The energy company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.22. The business had revenue of $214.00 million for the quarter, compared to analysts’ expectations of $212.95 million. SunCoke Energy Partners had a positive return on equity of 15.35% and a negative net margin of 9.04%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the firm earned $0.42 earnings per share. sell-side analysts expect that SunCoke Energy Partners will post -1.94 earnings per share for the current fiscal year.

In other news, major shareholder Sun Coal & Coke Llc acquired 16,525 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were bought at an average price of $17.54 per share, with a total value of $289,848.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders acquired 928,923 shares of company stock worth $16,137,709.

Several hedge funds have recently modified their holdings of the business. Arrow Investment Advisors LLC grew its holdings in shares of SunCoke Energy Partners by 0.3% during the second quarter. Arrow Investment Advisors LLC now owns 46,751 shares of the energy company’s stock worth $820,000 after purchasing an additional 161 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in shares of SunCoke Energy Partners by 7.8% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 11,100 shares of the energy company’s stock worth $195,000 after purchasing an additional 800 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of SunCoke Energy Partners by 8.0% during the second quarter. Advisor Group Inc. now owns 34,946 shares of the energy company’s stock worth $613,000 after buying an additional 2,595 shares during the last quarter. Citigroup Inc. grew its holdings in shares of SunCoke Energy Partners by 29.6% during the second quarter. Citigroup Inc. now owns 30,398 shares of the energy company’s stock worth $534,000 after buying an additional 6,938 shares during the last quarter. Finally, Virtu KCG Holdings LLC purchased a new position in shares of SunCoke Energy Partners during the second quarter worth about $180,000. 13.28% of the stock is currently owned by institutional investors.

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About SunCoke Energy Partners

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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