SunCoke Energy Partners, L.P. (NYSE:SXCP) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday.

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, FBR & Co upped their target price on shares of SunCoke Energy Partners, L.P. from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, October 21st.

SunCoke Energy Partners, L.P. (NYSE:SXCP) opened at 17.60 on Wednesday. SunCoke Energy Partners, L.P. has a 12 month low of $5.90 and a 12 month high of $21.95. The firm has a 50-day moving average price of $18.61 and a 200 day moving average price of $17.11. The company has a market cap of $813.38 million, a P/E ratio of 8.51 and a beta of 1.29.

SunCoke Energy Partners, L.P. (NYSE:SXCP) last posted its earnings results on Thursday, January 26th. The company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.02 by $0.24. The business earned $218.30 million during the quarter, compared to the consensus estimate of $298.80 million. SunCoke Energy Partners, L.P. had a net margin of 15.27% and a return on equity of 15.91%. The business’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. Equities research analysts predict that SunCoke Energy Partners, L.P. will post $1.60 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be paid a dividend of $0.594 per share. The ex-dividend date is Monday, February 13th. This represents a $2.38 annualized dividend and a yield of 13.50%. SunCoke Energy Partners, L.P.’s dividend payout ratio is 114.98%.

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Hedge funds have recently modified their holdings of the company. GLG Partners LP purchased a new stake in shares of SunCoke Energy Partners, L.P. during the fourth quarter valued at $8,634,000. Vivaldi Asset Management LLC purchased a new stake in shares of SunCoke Energy Partners, L.P. during the fourth quarter valued at $6,139,000. Vertex One Asset Management Inc. purchased a new stake in shares of SunCoke Energy Partners, L.P. during the fourth quarter valued at $5,997,000. Tocqueville Asset Management L.P. purchased a new stake in shares of SunCoke Energy Partners, L.P. during the second quarter valued at $2,007,000. Finally, Van ECK Associates Corp purchased a new stake in shares of SunCoke Energy Partners, L.P. during the fourth quarter valued at $3,533,000. 12.29% of the stock is currently owned by hedge funds and other institutional investors.

About SunCoke Energy Partners, L.P.

SunCoke Energy Partners, L.P. is engaged primarily in producing coke used in the blast furnace production of steel. The Company also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s segments include Domestic Coke, Coal Logistics, and Corporate and Other. Its Domestic Coke segment consists of the Haverhill Coke Company LLC, Middletown Coke Company, LLC and Gateway Energy and Coke Company, LLC cokemaking and heat recovery operations in Franklin Furnace, Ohio; Middletown, Ohio, and Granite City, Illinois, respectively.

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