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 Thursday.
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. “
Several other analysts also recently weighed in on SXCP. ValuEngine downgraded shares of SunCoke Energy Partners from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 20th. B. Riley reaffirmed a “buy” rating and set a $20.00 price target on shares of SunCoke Energy Partners in a research note on Friday, November 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. SunCoke Energy Partners currently has a consensus rating of “Hold” and an average target price of $18.25.
SunCoke Energy Partners (NYSE:SXCP) last posted its quarterly earnings results on Thursday, October 25th. The energy company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.09). SunCoke Energy Partners had a net margin of 16.37% and a return on equity of 13.19%. The company had revenue of $224.10 million for the quarter, compared to the consensus estimate of $221.28 million. On average, sell-side analysts predict that SunCoke Energy Partners will post 1.31 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. Blair William & Co. IL bought a new stake in shares of SunCoke Energy Partners during the third quarter valued at approximately $198,000. Arrow Investment Advisors LLC raised its stake in shares of 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 valued at $494,000 after acquiring an additional 5,976 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of SunCoke Energy Partners by 45.4% during the third quarter. Acadian Asset Management LLC now owns 162,167 shares of the energy company’s stock valued at $2,473,000 after acquiring an additional 50,598 shares in the last quarter. NEXT Financial Group Inc bought a new stake in shares of SunCoke Energy Partners during the third quarter valued at approximately $137,000. Finally, Van ECK Associates Corp raised its stake in SunCoke Energy Partners by 10.9% in the second 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 in the last quarter. 8.10% 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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