SunCoke Energy Partners LP Upgraded by Credit Suisse to Outperform (SXCP)
SunCoke Energy Partners LP (NASDAQ:SXCP) was upgraded by equities research analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
Shares of SunCoke Energy Partners LP (NASDAQ:SXCP) traded up 0.84% on Friday, hitting $28.88. 57,480 shares of the company’s stock traded hands. SunCoke Energy Partners LP has a 1-year low of $19.35 and a 1-year high of $29.92. The stock has a 50-day moving average of $27.07 and a 200-day moving average of $25.3. The company has a market cap of $907.5 million and a price-to-earnings ratio of 16.50.
SunCoke Energy Partners LP (NASDAQ:SXCP) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.01. The company had revenue of $172.70 million for the quarter, compared to the consensus estimate of $171.58 million. On average, analysts predict that SunCoke Energy Partners LP will post $2.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of 0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 6.58%. The ex-dividend date of this dividend is Wednesday, February 12th. This is a boost from SunCoke Energy Partners LP’s previous quarterly dividend of $0.43.
Separately, analysts at Zacks downgraded shares of SunCoke Energy Partners LP from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $29.60 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. SunCoke Energy Partners LP presently has an average rating of “Buy” and an average price target of $25.72.
SunCoke Energy Partners, L.P. (NASDAQ:SXCP) is a limited partnership formed to acquire an interest in two coke making operations of its sponsor, SunCoke Energy, Inc (SunCoke) in Ohio.
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