SunCoke Energy Partners (SXCP) Upgraded at ValuEngine

SunCoke Energy Partners (NYSE:SXCP) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

SXCP has been the topic of several other research reports. Zacks Investment Research raised SunCoke Energy Partners from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Wednesday, November 8th. BidaskClub raised SunCoke Energy Partners from a “hold” rating to a “buy” rating in a report on Thursday, October 12th. Finally, B. Riley reissued a “buy” rating on shares of SunCoke Energy Partners in a report on Wednesday, November 1st.

Shares of SunCoke Energy Partners (NYSE:SXCP) traded up $0.05 during trading hours on Friday, hitting $17.20. The stock had a trading volume of 270,629 shares, compared to its average volume of 211,223. SunCoke Energy Partners has a one year low of $13.50 and a one year high of $21.95. The firm has a market cap of $792.76, a price-to-earnings ratio of 9.48 and a beta of 1.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.38 and a quick ratio of 0.67.

SunCoke Energy Partners (NYSE:SXCP) last announced its quarterly earnings data on Thursday, October 26th. The energy company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.22. SunCoke Energy Partners had a positive return on equity of 15.35% and a negative net margin of 9.04%. The company had revenue of $214.00 million for the quarter, compared to analyst estimates of $212.95 million. During the same quarter last year, the firm earned $0.42 EPS. SunCoke Energy Partners’s revenue for the quarter was up 15.4% compared to the same quarter last year. equities research analysts anticipate that SunCoke Energy Partners will post -1.94 EPS for the current fiscal year.

In related news, major shareholder Sun Coal & Coke Llc purchased 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average price of $17.18 per share, with a total value of $515,400.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders purchased 814,852 shares of company stock worth $14,129,410.

Hedge funds have recently made changes to their positions in the stock. UBS Group AG boosted its stake in SunCoke Energy Partners by 93.4% in the 1st quarter. UBS Group AG now owns 8,329 shares of the energy company’s stock valued at $128,000 after buying an additional 4,023 shares in the last quarter. Virtu KCG Holdings LLC bought a new position in SunCoke Energy Partners in the 2nd quarter valued at $180,000. Sheaff Brock Investment Advisors LLC raised its position in SunCoke Energy Partners by 7.8% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 11,100 shares of the energy company’s stock valued at $195,000 after purchasing an additional 800 shares during the last quarter. Sei Investments Co. bought a new position in SunCoke Energy Partners in the 2nd quarter valued at $206,000. Finally, Creative Planning raised its position in SunCoke Energy Partners by 15.5% in the 2nd quarter. Creative Planning now owns 12,817 shares of the energy company’s stock valued at $225,000 after purchasing an additional 1,717 shares during the last quarter. 13.56% of the stock is currently owned by institutional investors and hedge funds.

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SunCoke Energy Partners Company Profile

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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