SunCoke Energy Partners LP Announces Quarterly Dividend of $0.52 (SXCP)
SunCoke Energy Partners (NASDAQ:SXCP) announced a quarterly dividend on Monday, July 21st, Stock Ratings Network reports. Investors of record on Friday, August 15th will be paid a dividend of 0.515 per share on Friday, August 29th. This represents a $2.06 annualized dividend and a dividend yield of 6.73%.
A number of analysts have recently weighed in on SXCP shares. Analysts at Zacks downgraded shares of SunCoke Energy Partners from a “neutral” rating to an “underperform” rating in a research note on Thursday. They now have a $28.90 price target on the stock. On a related note, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of SunCoke Energy Partners in a research note on Monday, July 14th. They now have a $30.00 price target on the stock, up previously from $28.00. Finally, 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.98.
Shares of SunCoke Energy Partners (NASDAQ:SXCP) remained flat at $30.62 during during mid-day trading trading on Monday. The stock had a trading volume of 23,375 shares. SunCoke Energy Partners has a 52-week low of $22.10 and a 52-week high of $32.02. The stock’s 50-day moving average is $30.20 and its 200-day moving average is $29.4. The company has a market cap of $962.2 million and a price-to-earnings ratio of 16.52.
SunCoke Energy Partners (NASDAQ:SXCP) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. Analysts expect that SunCoke Energy Partners will post $2.02 EPS for the current fiscal year.
SunCoke Energy Partners, L.P. manufactures coke, which is used in the blast furnace production of steel.
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