SunCoke Energy Partners, L.P. (SXCP) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of SunCoke Energy Partners, L.P. (NYSE:SXCP) from a hold rating to a sell rating in a research report report published on Tuesday, June 27th.

According to Zacks, “SunCoke Energy Partners L.P. manufactures metallurgical coke used in the blast furnace production of steel. SunCoke Energy Partners, L.P. is based in Lisle, Illinois. “

Separately, ValuEngine raised shares of SunCoke Energy Partners, L.P. from a buy rating to a strong-buy rating in a research report on Wednesday, May 31st.

SunCoke Energy Partners, L.P. (SXCP) opened at 18.05 on Tuesday. The firm’s market cap is $834.27 million. SunCoke Energy Partners, L.P. has a 12 month low of $12.07 and a 12 month high of $21.95. The firm has a 50 day moving average of $16.93 and a 200-day moving average of $17.23.

SunCoke Energy Partners, L.P. (NYSE:SXCP) last posted its quarterly earnings results on Thursday, April 20th. The energy company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.19. The business had revenue of $195.60 million during the quarter, compared to analyst estimates of $232.25 million. SunCoke Energy Partners, L.P. had a negative net margin of 6.40% and a positive return on equity of 13.94%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. On average, equities research analysts forecast that SunCoke Energy Partners, L.P. will post ($0.38) earnings per share for the current year.

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In other SunCoke Energy Partners, L.P. news, major shareholder Sun Coal & Coke Llc acquired 46,198 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were purchased at an average price of $17.02 per share, with a total value of $786,289.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have purchased 1,788,327 shares of company stock worth $30,232,142.

A number of institutional investors have recently made changes to their positions in SXCP. Gendell Jeffrey L increased its position in shares of SunCoke Energy Partners, L.P. by 259.6% in the first quarter. Gendell Jeffrey L now owns 863,511 shares of the energy company’s stock valued at $13,255,000 after buying an additional 623,399 shares during the period. Morgan Stanley increased its position in shares of SunCoke Energy Partners, L.P. by 12.7% in the first quarter. Morgan Stanley now owns 4,169,812 shares of the energy company’s stock valued at $64,008,000 after buying an additional 468,527 shares during the period. Tocqueville Asset Management L.P. increased its position in shares of SunCoke Energy Partners, L.P. by 49.2% in the first quarter. Tocqueville Asset Management L.P. now owns 277,244 shares of the energy company’s stock valued at $4,256,000 after buying an additional 91,400 shares during the period. Van ECK Associates Corp increased its position in shares of SunCoke Energy Partners, L.P. by 49.3% in the first quarter. Van ECK Associates Corp now owns 274,038 shares of the energy company’s stock valued at $4,206,000 after buying an additional 90,485 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of SunCoke Energy Partners, L.P. during the fourth quarter valued at approximately $1,608,000. Institutional investors own 28.11% of the company’s stock.

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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