SunCoke Energy Partners, L.P. (SXCP) Scheduled to Post Quarterly Earnings on Wednesday
SunCoke Energy Partners, L.P. (NYSE:SXCP) will be issuing its quarterly earnings data before the market opens on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.
SunCoke Energy Partners, L.P. (NYSE:SXCP) last announced its quarterly earnings results on Thursday, July 27th. The energy company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). SunCoke Energy Partners, L.P. had a negative net margin of 9.52% and a positive return on equity of 14.02%. The firm had revenue of $200.60 million for the quarter, compared to the consensus estimate of $212.25 million. During the same period in the previous year, the company posted $0.23 earnings per share. SunCoke Energy Partners, L.P.’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts expect SunCoke Energy Partners, L.P. to post $-1.91 EPS for the current fiscal year and $1.66 EPS for the next fiscal year.
SunCoke Energy Partners, L.P. (NYSE SXCP) opened at 17.50 on Wednesday. The company’s 50-day moving average price is $17.08 and its 200-day moving average price is $17.03. SunCoke Energy Partners, L.P. has a 52 week low of $13.50 and a 52 week high of $21.95. The company’s market capitalization is $808.90 million.
Several equities research analysts have commented on SXCP shares. ValuEngine upgraded SunCoke Energy Partners, L.P. from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered SunCoke Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, BidaskClub lowered SunCoke Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th.
In other news, major shareholder Sun Coal & Coke Llc acquired 44,996 shares of the business’s stock in a transaction on Monday, August 28th. The stock was bought at an average cost of $17.24 per share, for a total transaction of $775,731.04. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have acquired 509,555 shares of company stock valued at $8,709,544.
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About SunCoke Energy Partners, L.P.
SunCoke Energy Partners, L.P. is engaged in the production of coke used in the blast furnace production of steel. As of December 31, 2016, the Company owned a 98% interest in Haverhill Coke Company LLC (Haverhill), Middletown Coke Company, LLC (Middletown), and Gateway Energy and Coke Company, LLC (Granite City).
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