Stock On Watch: What’s Ahead for SunCoke Energy Partners LP After Today’s Significant Decline?

Stock On Watch: What's Ahead for SunCoke Energy Partners LP After Today's Significant Decline?

The stock of SunCoke Energy Partners LP (NYSE:SXCP) is a huge mover today! About 577,486 shares traded hands or 25.21% up from the average. SunCoke Energy Partners LP (NYSE:SXCP) has risen 151.76% since April 14, 2016 and is uptrending. It has outperformed by 147.07% the S&P500.
The move comes after 7 months negative chart setup for the $934.06M company. It was reported on Nov, 16 by Barchart.com. We have $19.18 PT which if reached, will make NYSE:SXCP worth $56.04M less.

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 6 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, September 18 by FBR Capital. The company was maintained on Friday, October 21 by FBR Capital. The stock of SunCoke Energy Partners LP (NYSE:SXCP) has “Underweight” rating given on Monday, January 11 by Barclays Capital. As per Wednesday, December 9, the company rating was downgraded by Bank of America.

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 Q2 2016. Its down 0.27, from 1.13 in 2016Q1. The ratio turned negative, 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.
Manufacturers Life Insur Communications The has 0% invested in the company for 721 shares. California Public Employees Retirement Systems owns 32,500 shares or 0% of their US portfolio. Wells Fargo & Com Mn holds 0% or 11,289 shares in its portfolio. Royal Bank Of Canada has 0% invested in the company for 950 shares. Ladenburg Thalmann last reported 745 shares in the company. The Florida-based Camarda Advisors Ltd Liability Corporation has invested 0% in SunCoke Energy Partners LP (NYSE:SXCP). Gsa Cap Prtnrs Llp holds 0.05% of its portfolio in SunCoke Energy Partners LP (NYSE:SXCP) for 87,908 shares. Walleye Trading Limited Liability holds 10,250 shares or 0% of its portfolio. The Maryland-based Arrow Investment Advsr Limited Com has invested 0.22% in SunCoke Energy Partners LP (NYSE:SXCP). Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Financial Bank Of America De accumulated 25,296 shares or 0% of the stock. Goldman Sachs Grp Inc holds 136,821 shares or 0% of its portfolio. Pnc Service Gp last reported 4,803 shares in the company. Lpl Financial Limited Liability Company has invested 0% of its portfolio in SunCoke Energy Partners LP (NYSE:SXCP). Ing Groep Nv last reported 43,141 shares in the company.

More recent SunCoke Energy Partners LP (NYSE:SXCP) news were published by: Fool.com which released: “Why Teck Resources Limited, CNX Coal Resources LP, and SunCoke Energy Partners …” on November 09, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: SunCoke Energy Partners, Terra Nitrogen and …” on November 08, 2016. Nasdaq.com‘s news article titled: “SunCoke Energy Partners, L.P. (SXCP) Ex-Dividend Date Scheduled for November …” with publication date: November 09, 2016 was also an interesting one.

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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