SunCoke Energy Partners LP (SXCP)’s Stock Is Sell After Today’s Significant Decline

August 11, 2017 - By Michael Collier

Investors sentiment increased to 1.75 in 2016 Q4. Its up 1.21, from 0.54 in 2016Q3. It improved, as 6 investors sold SunCoke Energy Partners LP shares while 10 reduced holdings. 17 funds opened positions while 11 raised stakes. 8.94 million shares or 56.59% more from 5.71 million shares in 2016Q3 were reported.
Glg Ptnrs Ltd Partnership owns 448,520 shares. Guggenheim Llc stated it has 303,218 shares. Rafferty Asset Management stated it has 0.13% in SunCoke Energy Partners LP (NYSE:SXCP). Morgan Stanley, New York-based fund reported 3.70 million shares. Alps reported 29,634 shares or 0% of all its holdings. Gsa Cap Prns Llp holds 20,722 shares. Cetera Advisor Network Ltd Liability Co has invested 0.03% in SunCoke Energy Partners LP (NYSE:SXCP). Arrow Advisors Limited Liability Corp reported 58,852 shares stake. Acadian Asset Mgmt Ltd invested in 0.02% or 231,808 shares. Wells Fargo & Mn has 0% invested in SunCoke Energy Partners LP (NYSE:SXCP) for 6,493 shares. Invesco Ltd stated it has 0% of its portfolio in SunCoke Energy Partners LP (NYSE:SXCP). Jpmorgan Chase & Commerce invested in 0% or 5,000 shares. Marshall Wace Limited Liability Partnership owns 0.01% invested in SunCoke Energy Partners LP (NYSE:SXCP) for 83,540 shares. Deutsche Savings Bank Ag has 371,566 shares for 0.01% of their portfolio. Sphinx Trading Ltd Partnership invested in 0.38% or 10,000 shares.

Since May 15, 2017, it had 1 insider buy, and 0 selling transactions for $2.15 million activity.

The stock of SunCoke Energy Partners LP (NYSE:SXCP) is a huge mover today! About 236,136 shares traded or 9.21% up from the average. SunCoke Energy Partners LP (NYSE:SXCP) has risen 51.79% since August 11, 2016 and is uptrending. It has outperformed by 35.09% the S&P500.
The move comes after 8 months negative chart setup for the $776.56M company. It was reported on Aug, 11 by Barchart.com. We have $15.46 PT which if reached, will make NYSE:SXCP worth $62.12M less.

SunCoke Energy Partners LP (NYSE:SXCP) Ratings Coverage

Among 4 analysts covering SunCoke Energy Partners (NYSE:SXCP), 2 have Buy rating, 2 Sell and 0 Hold. Therefore 50% are positive. SunCoke Energy Partners had 6 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, September 18 by FBR Capital. Barclays Capital downgraded SunCoke Energy Partners LP (NYSE:SXCP) on Monday, January 11 to “Underweight” rating. The firm has “Underperform” rating given on Wednesday, December 9 by Bank of America. The stock of SunCoke Energy Partners LP (NYSE:SXCP) earned “Outperform” rating by FBR Capital on Friday, October 21.

More notable recent SunCoke Energy Partners LP (NYSE:SXCP) news were published by: Prnewswire.com which released: “SunCoke Energy Partners, LP Announces Second Quarter 2017 Earnings Date” on July 06, 2017, also Seekingalpha.com with their article: “SunCoke Energy Partners: Surprisingly, The 14.1% Yield Is Sustainable” published on June 19, 2017, Prnewswire.com published: “SunCoke Energy Partners, LP Announces Pricing Of Downsized Private $630 …” on May 19, 2017. More interesting news about SunCoke Energy Partners LP (NYSE:SXCP) were released by: Nasdaq.com and their article: “SunCoke Energy Partners, LP (SXCP) Ex-Dividend Date Scheduled for February 13 …” published on February 10, 2017 as well as Prnewswire.com‘s news article titled: “SunCoke Energy Partners, LP Issues Statement On MLP Qualifying Income Status” with publication date: January 20, 2017.

SunCoke Energy Partners, L.P. is engaged in the production of coke used in the blast furnace production of steel. The company has market cap of $776.56 million. As of December 31, 2016, the Company owned a 98% interest in Haverhill Coke Company LLC , Middletown Coke Company, LLC (Middletown), and Gateway Energy and Coke Company, LLC (Granite City). It currently has negative earnings. The Company’s divisions include Domestic Coke, which consists of the Haverhill, Middletown and Granite City cokemaking and heat recovery activities located in Franklin Furnace, Ohio; Middletown, Ohio, and Granite City, Illinois, respectively, and Coal Logistics, which consists of the Company’s Convent Marine Terminal, Kanawha River Terminals, LLC and SunCoke Lake Terminal, LLC (Lake Terminal) coal handling and/or mixing service activities in Convent, Louisiana; Ceredo and Belle, West Virginia, and East Chicago, Indiana, respectively.

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