Economy

SunCoke Energy Partners, LP (NYSE:SXCP) Updated Broker Ratings

Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. It increased, as 6 investors sold SunCoke Energy Partners LP shares while 10 reduced holdings. Vertex One Asset Mgmt holds 1.01% of its portfolio in SunCoke Energy Partners LP (NYSE:SXCP) for 311,530 shares. Following the completion of the purchase, the insider now directly owns 40,973 shares of the company's stock, valued at approximately $331,061.84. Finally, Rafferty Asset Management LLC boosted its position in shares of SunCoke Energy Partners, L.P.by 34.7% in the first quarter.

SunCoke Energy Partners, L.P.is engaged in the production of coke used in the blast furnace production of steel. The stock was purchased at an average cost of $17.57 per share, with a total value of $853,041.07.

SunCoke Energy, Inc.is a producer of coke in the Americas.

With the recent stock price activity, investors may be trying to gauge which way the stock is going to trend heading into the second half of the year. The Company acquires, owns, and operates the coke making and coal mining operations. Also Fool.com published the news titled: "Is There Any Growth Left for SunCoke Energy, Inc. and SunCoke Energy Partners ..." on January 23, 2017. The stock was sold at an average price of $11.01, for a total transaction of $2,368,878.57. FBR Capital maintained SunCoke Energy Partners LP (NYSE:SXCP) on Friday, October 21 with "Outperform" rating. Moreover, Sphinx Trading Limited Partnership has 0.38% invested in SunCoke Energy Partners LP (NYSE:SXCP). Avalon Advisors Llc sold 39,932 shares as At&T Inc Cmn (T)'s stock declined 7.81%.

Shares of the company are trading at $18.05 which is marginally over $16.93, the stock's 50 day moving average and slightly over the 200 day moving average of $17.23. The company has a market cap of $691.43 million, a PE ratio of 35.95 and a beta of 1.28.

SunCoke Energy Partners, L.P. had its "underperform" rating reiterated by analysts at Bank of America Merrill Lynch. The energy company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.10) by $0.12. The firm had revenue of $309.70 million for the quarter, compared to analysts' expectations of $410.60 million. The business's revenue was down.5% compared to the same quarter past year. They expect $0.74 earnings per share, up 2.78% or $0.02 from last year's $0.72 per share. On average, analysts anticipate that SunCoke Energy will post ($0.03) EPS for the current year. The firm earned "Overweight" rating on Monday, April 18 by Barclays Capital.

Since May 15, 2017, it had 1 buy, and 0 insider sales for $2.15 million activity. The consensus recommendation provided by covering analysts is presently 2.30. The ex-dividend date is Friday, August 11th. On average, analysts predict that SunCoke Energy Partners, L.P. will post ($0.40) EPS for the current year.

COPYRIGHT VIOLATION WARNING: "Insider Buying: SunCoke Energy Partners, L.P. (SXCP) Major Shareholder Purchases 12,691 Shares of Stock" was originally posted by BNB Daily and is owned by of BNB Daily. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of worldwide copyright and trademark laws. The legal version of this article can be read at https://stocknewstimes.com/2017/07/19/suncoke-energy-inc-sxc-upgraded-to-buy-by-zacks-investment-research.html.

Sell-side analysts that regularly cover the stock have offered price targets and recommendations on SunCoke Energy Partners, L.P. (NYSE:SXCP).

Separately, ValuEngine cut SunCoke Energy Partners, L.P. from a "strong-buy" rating to a "buy" rating in a research report on Monday.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SunCoke Energy Partners, L.P. has a payout ratio of -172.5% indicating that the company can not now cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Renaissance Technologies LLC boosted its position in SunCoke Energy by 24.2% in the fourth quarter. Tocqueville Asset Management L.P. boosted its stake in SunCoke Energy Partners, L.P.by 49.2% in the first quarter. Gendell Jeffrey L now owns 863,511 shares of the energy company's stock valued at $13,255,000 after buying an additional 623,399 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of SunCoke Energy Partners, L.P.by 49.3% in the first quarter. Eqis Capital Management Inc. now owns 20,062 shares of the energy company's stock valued at $219,000 after buying an additional 1,190 shares in the last quarter. As of December 31, 2016, the Company owned a 98% interest in Haverhill Coke Company LLC, Middletown Coke Company, LLC (Middletown), and Gateway Energy and Coke Company, LLC (Granite City).



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