SunCoke Energy Partners LP (NYSE:SXCP) – Analysts at B. Riley raised their Q2 2018 EPS estimates for SunCoke Energy Partners in a note issued to investors on Tuesday. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings of $0.31 per share for the quarter, up from their previous estimate of $0.29. B. Riley also issued estimates for SunCoke Energy Partners’ Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.72 EPS and FY2020 earnings at $2.13 EPS.
SXCP has been the subject of a number of other research reports. Zacks Investment Research cut SunCoke Energy Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. ValuEngine raised SunCoke Energy Partners from a “hold” rating to a “buy” rating in a research report on Friday, December 1st.
SunCoke Energy Partners (SXCP) opened at $19.55 on Wednesday. SunCoke Energy Partners has a fifty-two week low of $13.50 and a fifty-two week high of $21.95. The stock has a market capitalization of $887.56, a price-to-earnings ratio of -9.92 and a beta of 1.38. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.75 and a quick ratio of 0.72.
SunCoke Energy Partners (NYSE:SXCP) last announced its quarterly earnings results on Wednesday, January 31st. The energy company reported ($0.81) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($1.48). SunCoke Energy Partners had a negative net margin of 2.28% and a positive return on equity of 14.22%. The company had revenue of $235.40 million during the quarter, compared to analysts’ expectations of $251.15 million.
Several institutional investors have recently bought and sold shares of SXCP. Russell Investments Group Ltd. acquired a new stake in shares of SunCoke Energy Partners in the 3rd quarter worth $263,000. Jane Street Group LLC acquired a new stake in SunCoke Energy Partners during the 3rd quarter worth about $280,000. Arrowstreet Capital Limited Partnership lifted its position in SunCoke Energy Partners by 10.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 120,530 shares of the energy company’s stock worth $2,103,000 after acquiring an additional 11,300 shares during the period. Geode Capital Management LLC acquired a new stake in SunCoke Energy Partners during the 4th quarter worth about $994,000. Finally, Renaissance Technologies LLC lifted its position in SunCoke Energy Partners by 2,066.9% during the 4th quarter. Renaissance Technologies LLC now owns 331,542 shares of the energy company’s stock worth $5,785,000 after acquiring an additional 316,242 shares during the period. 11.46% of the stock is owned by hedge funds and other institutional investors.
In other SunCoke Energy Partners news, major shareholder Sun Coal & Coke Llc acquired 56,355 shares of the stock in a transaction dated Monday, December 18th. The stock was purchased at an average price of $17.10 per share, with a total value of $963,670.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders bought a total of 399,414 shares of company stock valued at $6,937,042 in the last three months.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were given a $0.594 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 12.15%. SunCoke Energy Partners’s payout ratio is -120.81%.
About SunCoke Energy Partners
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).