SunCoke Energy Partners, L.P. (NYSE:SXCP) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of SunCoke Energy Partners, L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub raised shares of SunCoke Energy Partners, L.P. from a “hold” rating to a “buy” rating in a report on Thursday, October 12th.

Shares of SunCoke Energy Partners, L.P. (SXCP) remained flat at $17.80 during mid-day trading on Friday. 146,173 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $17.18 and its 200 day moving average price is $17.14. SunCoke Energy Partners, L.P. has a 52 week low of $13.50 and a 52 week high of $21.95. The stock’s market cap is $822.79 million.

SunCoke Energy Partners, L.P. (NYSE:SXCP) last posted its quarterly earnings data on Thursday, July 27th. The energy company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.08). The company had revenue of $200.60 million for the quarter, compared to analysts’ expectations of $212.25 million. SunCoke Energy Partners, L.P. had a negative net margin of 9.52% and a positive return on equity of 14.02%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. Equities analysts forecast that SunCoke Energy Partners, L.P. will post ($1.91) EPS for the current fiscal year.

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In other SunCoke Energy Partners, L.P. news, major shareholder Sun Coal & Coke Llc purchased 7,900 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The shares were purchased at an average cost of $17.78 per share, with a total value of $140,462.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders bought 578,215 shares of company stock worth $9,919,223.

Several large investors have recently bought and sold shares of the company. Adams Asset Advisors LLC lifted its stake in shares of SunCoke Energy Partners, L.P. by 36.0% in the third quarter. Adams Asset Advisors LLC now owns 56,695 shares of the energy company’s stock worth $975,000 after buying an additional 15,000 shares in the last quarter. Virtu KCG Holdings LLC purchased a new position in shares of SunCoke Energy Partners, L.P. in the second quarter worth about $180,000. Advisor Group Inc. lifted its stake in shares of SunCoke Energy Partners, L.P. by 8.0% in the second quarter. Advisor Group Inc. now owns 34,946 shares of the energy company’s stock worth $613,000 after buying an additional 2,595 shares in the last quarter. Citigroup Inc. lifted its stake in shares of SunCoke Energy Partners, L.P. by 29.6% in the second quarter. Citigroup Inc. now owns 30,398 shares of the energy company’s stock worth $534,000 after buying an additional 6,938 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its stake in shares of SunCoke Energy Partners, L.P. by 11.6% in the second quarter. GSA Capital Partners LLP now owns 116,938 shares of the energy company’s stock worth $2,052,000 after buying an additional 12,138 shares in the last quarter. 15.71% of the stock is currently owned by hedge funds and other institutional investors.

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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