SunCoke Energy Partners (SXCP) Lowered to Strong Sell at ValuEngine

SunCoke Energy Partners (NYSE:SXCP) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Monday.

A number of other research firms have also weighed in on SXCP. Seaport Global Securities initiated coverage on SunCoke Energy Partners in a research note on Tuesday, April 3rd. They issued a “buy” rating and a $21.00 target price on the stock. Zacks Investment Research upgraded SunCoke Energy Partners from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a research note on Saturday, February 3rd. Finally, B. Riley reduced their target price on SunCoke Energy Partners from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, April 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.67.

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NYSE:SXCP remained flat at $$15.85 during midday trading on Monday. The company had a trading volume of 151,020 shares, compared to its average volume of 216,451. SunCoke Energy Partners has a one year low of $14.55 and a one year high of $21.95. The stock has a market cap of $732.70 million, a price-to-earnings ratio of 9.61 and a beta of 1.40. The company has a quick ratio of 0.83, a current ratio of 1.54 and a debt-to-equity ratio of 1.34.

SunCoke Energy Partners (NYSE:SXCP) last released its quarterly earnings results on Thursday, April 26th. The energy company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.05). SunCoke Energy Partners had a net margin of 14.13% and a return on equity of 12.90%. The company had revenue of $214.80 million for the quarter, compared to analysts’ expectations of $205.57 million. analysts anticipate that SunCoke Energy Partners will post 1.63 earnings per share for the current fiscal year.

In other SunCoke Energy Partners news, major shareholder Sun Coal & Coke Llc bought 43,300 shares of SunCoke Energy Partners stock in a transaction on Wednesday, March 28th. The shares were acquired at an average price of $17.88 per share, for a total transaction of $774,204.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 98,208 shares of company stock worth $1,759,713.

Institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in shares of SunCoke Energy Partners during the 3rd quarter worth $263,000. Geode Capital Management LLC bought a new position in shares of SunCoke Energy Partners during the 4th quarter worth $994,000. Arrowstreet Capital Limited Partnership grew its position in shares of SunCoke Energy Partners by 10.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 120,530 shares of the energy company’s stock worth $2,103,000 after buying an additional 11,300 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of SunCoke Energy Partners by 2,066.9% during the 4th quarter. Renaissance Technologies LLC now owns 331,542 shares of the energy company’s stock worth $5,785,000 after buying an additional 316,242 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of SunCoke Energy Partners by 2,546.4% during the 4th quarter. Deutsche Bank AG now owns 404,897 shares of the energy company’s stock worth $7,065,000 after buying an additional 389,597 shares in the last quarter. 11.51% of the stock is currently owned by institutional investors and hedge funds.

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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