SunCoke Energy Partners LP Now Covered by Analysts at Brean Capital (SXCP)
Stock analysts at Brean Capital started coverage on shares of SunCoke Energy Partners LP (NASDAQ:SXCP) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $36.00 price target on the stock. Brean Capital’s target price points to a potential upside of 22.45% from the company’s current price.
SunCoke Energy Partners LP (NASDAQ:SXCP) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the 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.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of 0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 6.46%. The ex-dividend date is Wednesday, February 12th. This is a boost from SunCoke Energy Partners LP’s previous quarterly dividend of $0.43.
SXCP has been the subject of a number of other recent research reports. Analysts at Credit Suisse upgraded shares of SunCoke Energy Partners LP from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, January 31st. 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $27.43.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.