SunCoke Energy Partners’ (SXCP) Buy Rating Reaffirmed at B. Riley

SunCoke Energy Partners (NYSE:SXCP)‘s stock had its “buy” rating restated by stock analysts at B. Riley in a research report issued to clients and investors on Friday. B. Riley also issued estimates for SunCoke Energy Partners’ FY2018 earnings at $1.32 EPS.

Other research analysts have also issued research reports about the company. ValuEngine raised SunCoke Energy Partners from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Zacks Investment Research upgraded SunCoke Energy Partners from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, October 18th. TheStreet upgraded SunCoke Energy Partners from a “c” rating to a “b-” rating in a research note on Friday, July 13th. Finally, JPMorgan Chase & Co. lowered their target price on SunCoke Energy Partners from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, July 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.75.

SXCP opened at $14.28 on Friday. The company has a market cap of $667.98 million, a price-to-earnings ratio of 8.65 and a beta of 1.33. SunCoke Energy Partners has a 52 week low of $13.36 and a 52 week high of $21.95. The company has a current ratio of 1.31, a quick ratio of 0.65 and a debt-to-equity ratio of 1.31.

SunCoke Energy Partners (NYSE:SXCP) last released its quarterly earnings results on Thursday, October 25th. The energy company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.09). The firm had revenue of $224.10 million for the quarter, compared to analyst estimates of $221.28 million. SunCoke Energy Partners had a return on equity of 13.19% and a net margin of 16.37%. Equities analysts predict that SunCoke Energy Partners will post 1.39 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in SXCP. Adams Asset Advisors LLC grew its stake in shares of SunCoke Energy Partners by 8.7% in the 4th quarter. Adams Asset Advisors LLC now owns 497,480 shares of the energy company’s stock valued at $3,706,000 after purchasing an additional 39,931 shares during the last quarter. HITE Hedge Asset Management LLC boosted its stake in shares of SunCoke Energy Partners by 52.8% in the fourth quarter. HITE Hedge Asset Management LLC now owns 120,418 shares of the energy company’s stock valued at $897,000 after buying an additional 41,600 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of SunCoke Energy Partners in the fourth quarter valued at approximately $1,540,000. ING Groep NV purchased a new stake in shares of SunCoke Energy Partners in the first quarter valued at approximately $638,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of SunCoke Energy Partners by 15.7% in the first quarter. Goldman Sachs Group Inc. now owns 254,632 shares of the energy company’s stock valued at $1,882,000 after buying an additional 34,466 shares in the last quarter. Institutional investors own 9.63% of the company’s stock.

About SunCoke Energy Partners

SunCoke Energy Partners, L.P., a master limited partnership, produces and sells coke used in the blast furnace production of steel in the United States. It operates through two segments, Domestic Coke and Logistics. The company also provides metallurgical and thermal coal mixing and handling terminal services, as well as operates Convent Marine Terminal, an export terminal in the United States Gulf Coast located in Convent, Louisiana.

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