Insider Buying: Frederick A. Henderson Purchases 1,000 Shares of SunCoke Energy Partners Stock (SXCP)
SunCoke Energy Partners (NASDAQ:SXCP) CEO Frederick A. Henderson purchased 1,000 shares of the company’s stock on the open market in a transaction dated Monday, June 2nd. The stock was purchased at an average cost of $28.85 per share, with a total value of $28,850.00. Following the acquisition, the chief executive officer now directly owns 15,000 shares of the company’s stock, valued at approximately $432,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
SunCoke Energy Partners (NASDAQ:SXCP) traded up 0.63% during mid-day trading on Monday, hitting $28.83. 46,953 shares of the company’s stock traded hands. SunCoke Energy Partners has a 52 week low of $21.02 and a 52 week high of $32.02. The stock has a 50-day moving average of $29.02 and a 200-day moving average of $28.63. The company has a market cap of $905.9 million and a P/E ratio of 15.45.
SunCoke Energy Partners (NASDAQ:SXCP) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.57 by $0.16. The company had revenue of $161.40 million for the quarter, compared to the consensus estimate of $174.00 million. During the same quarter last year, the company posted $0.37 earnings per share. SunCoke Energy Partners’s revenue was down 12.7% compared to the same quarter last year. Analysts expect that SunCoke Energy Partners will post $2.08 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Brean Capital cut their price target on shares of SunCoke Energy Partners from $36.00 to $34.00 in a research note on Tuesday, April 29th. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of SunCoke Energy Partners in a research note on Tuesday, April 22nd. They now have a $28.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of SunCoke Energy Partners from $30.00 to $35.00 in a research note on Wednesday, March 12th. They now have an “equal weight” rating on the stock. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. SunCoke Energy Partners currently has an average rating of “Hold” and an average target price of $31.65.
SunCoke Energy Partners, L.P. manufactures coke, which is used in the blast furnace production of steel.
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