The stock of SunCoke Energy Partners LP (NYSE:SXCP) hit a new 52-week high and has $23.49 target or 54.00% above today’s $15.25 share price. The 9 months bullish chart indicates low risk for the $723.37M company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $23.49 price target is reached, the company will be worth $390.62 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 98,810 shares traded hands. SunCoke Energy Partners LP (NYSE:SXCP) has risen 85.63% since March 14, 2016 and is uptrending. It has outperformed by 80.02% the S&P500.
Analysts await SunCoke Energy Partners LP (NYSE:SXCP) to report earnings on October, 25. They expect $0.44 EPS, up 2.33% or $0.01 from last year’s $0.43 per share. SXCP’s profit will be $20.87 million for 8.66 P/E if the $0.44 EPS becomes a reality. After $0.23 actual EPS reported by SunCoke Energy Partners LP for the previous quarter, Wall Street now forecasts 91.30% EPS growth.
SunCoke Energy Partners LP (NYSE:SXCP) Ratings Coverage
Out of 4 analysts covering SunCoke Energy Partners (NYSE:SXCP), 2 rate it a “Buy”, 2 “Sell”, while 0 “Hold”. This means 50% are positive. SunCoke Energy Partners has been the topic of 5 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Wednesday, December 9, the company rating was downgraded by Bank of America. The company was downgraded on Monday, January 11 by Barclays Capital. The rating was initiated by FBR Capital on Friday, September 18 with “Outperform”.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.86 in 2016 Q2. Its down 0.27, from 1.13 in 2016Q1. The ratio dropped, as 9 funds sold all SunCoke Energy Partners LP shares owned while 13 reduced positions. 9 funds bought stakes while 10 increased positions. They now own 6.26 million shares or 12.52% less from 7.15 million shares in 2016Q1.
Next Inc holds 1,625 shares or 0.01% of its portfolio. Kcg Hldg Incorporated has 0% invested in the company for 13,147 shares. California Public Employees Retirement reported 32,500 shares or 0% of all its holdings. Tower Rech Capital Limited Liability Co (Trc) holds 0% or 1,100 shares in its portfolio. Walleye Trading Ltd Limited Liability Company last reported 10,250 shares in the company. Citadel Advsr Ltd Liability Corporation owns 19,264 shares or 0% of their US portfolio. Gilman Hill Asset Ltd Limited Liability Company has 0.11% invested in the company for 24,951 shares. Adams Asset Advsrs Limited Liability Com has 0.92% invested in the company for 497,480 shares. Wells Fargo And Mn accumulated 11,289 shares or 0% of the stock. Geode Capital Mgmt Ltd Company holds 30,261 shares or 0% of its portfolio. Tocqueville Asset L P holds 0.03% or 185,844 shares in its portfolio. Citigroup Inc owns 969 shares or 0% of their US portfolio. Bank & Trust Of America De has 25,296 shares for 0% of their US portfolio. Duff & Phelps Invest Mgmt reported 47,450 shares or 0.01% of all its holdings. Moreover, Gendell Jeffrey L has 0.51% invested in SunCoke Energy Partners LP (NYSE:SXCP) for 229,078 shares.
More notable recent SunCoke Energy Partners LP (NYSE:SXCP) news were published by: Marketwatch.com which released: “SunCoke Energy Partners LP” on January 18, 2013, also Businesswire.com with their article: “SunCoke Energy Partners, L.P. Announces Third Quarter 2016 Earnings Date” published on September 29, 2016, Businesswire.com published: “SunCoke Energy Partners, L.P. to Expand Coal Logistics Business with …” on July 21, 2015. More interesting news about SunCoke Energy Partners LP (NYSE:SXCP) were released by: Seekingalpha.com and their article: “SunCoke Energy Partners LP: Is The Yield Too Good To Be True?” published on October 23, 2015 as well as Businesswire.com‘s news article titled: “SunCoke Energy Partners, L.P. Announces Its Restricted 7.375% Senior Notes Due …” with publication date: May 11, 2016.
SXCP Company Profile
SunCoke Energy Partners, L.P., incorporated on July 30, 2012, is engaged primarily in producing coke used in the blast furnace production of steel. The Firm also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s divisions include Domestic Coke, Coal Logistics, and Corporate and Other. The Company’s cokemaking ovens utilize heat recovery technology designed to combust the coal’s volatile components liberated during the cokemaking process and use the resulting heat to create steam or electricity for sale.
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