SunCoke Energy Partners (SXCP) Hits New 1-Year Low at $13.73

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SunCoke Energy Partners LP (NYSE:SXCP) shares hit a new 52-week low on Wednesday . The stock traded as low as $13.73 and last traded at $13.77, with a volume of 8040 shares. The stock had previously closed at $14.05.

Several research analysts have commented on SXCP shares. ValuEngine raised shares of SunCoke Energy Partners from a “sell” rating to a “hold” rating in a report on Friday, August 10th. JPMorgan Chase & Co. dropped their price objective on shares of SunCoke Energy Partners from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, July 27th. Zacks Investment Research raised shares of SunCoke Energy Partners from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, October 18th. Finally, TheStreet raised shares of SunCoke Energy Partners from a “c” rating to a “b-” rating in a report on Friday, July 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. SunCoke Energy Partners currently has a consensus rating of “Hold” and an average price target of $19.75.

The firm has a market cap of $662.43 million, a P/E ratio of 8.18 and a beta of 1.37. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.65 and a current ratio of 1.31.

SunCoke Energy Partners (NYSE:SXCP) last released its quarterly earnings data on Thursday, October 25th. The energy company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.09). SunCoke Energy Partners had a net margin of 16.37% and a return on equity of 13.19%. The company had revenue of $224.10 million for the quarter, compared to the consensus estimate of $221.28 million. Equities analysts anticipate that SunCoke Energy Partners LP will post 1.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.56%. The ex-dividend date is Wednesday, November 14th. SunCoke Energy Partners’s dividend payout ratio (DPR) is presently 96.97%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SXCP. Guggenheim Capital LLC raised its position in shares of SunCoke Energy Partners by 538.3% during the 1st quarter. Guggenheim Capital LLC now owns 226,117 shares of the energy company’s stock valued at $4,025,000 after buying an additional 190,692 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of SunCoke Energy Partners by 45.4% during the 3rd quarter. Acadian Asset Management LLC now owns 162,167 shares of the energy company’s stock valued at $2,473,000 after buying an additional 50,598 shares in the last quarter. Van ECK Associates Corp raised its position in shares of SunCoke Energy Partners by 10.9% during the 2nd quarter. Van ECK Associates Corp now owns 155,134 shares of the energy company’s stock valued at $2,327,000 after buying an additional 15,217 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of SunCoke Energy Partners during the 2nd quarter valued at about $961,000. Finally, NEXT Financial Group Inc purchased a new stake in shares of SunCoke Energy Partners during the 3rd quarter valued at about $137,000. 9.63% of the stock is owned by institutional investors and hedge funds.

About SunCoke Energy Partners (NYSE:SXCP)

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.

Further Reading: Book Value Per Share – BVPS

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