Somewhat Favorable News Coverage Somewhat Unlikely to Affect SunCoke Energy Partners (SXCP) Share Price
Headlines about SunCoke Energy Partners (NYSE:SXCP) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. SunCoke Energy Partners earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 46.9919762985166 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- $193.16 Million in Sales Expected for SunCoke Energy Partners LP (SXCP) This Quarter (americanbankingnews.com)
- Analysis: Granite City, US Steel restarts may disrupt US met coke balance (hellenicshippingnews.com)
- FY2018 EPS Estimates for SunCoke Energy Partners LP Increased by Analyst (SXCP) (americanbankingnews.com)
- Q2 2018 EPS Estimates for SunCoke Energy Partners LP Increased by B. Riley (SXCP) (americanbankingnews.com)
A number of research firms recently weighed in on SXCP. ValuEngine upgraded SunCoke Energy Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded SunCoke Energy Partners from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research report on Saturday, February 3rd.
SunCoke Energy Partners (NYSE:SXCP) last released its quarterly earnings results on Wednesday, January 31st. The energy company reported ($0.81) earnings per share 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 analyst estimates of $251.15 million. research analysts expect that SunCoke Energy Partners will post 1.63 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors 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 12.18%. SunCoke Energy Partners’s dividend payout ratio (DPR) is -120.81%.
In related news, major shareholder Sun Coal & Coke Llc purchased 7,854 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $17.97 per share, for a total transaction of $141,136.38. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 339,938 shares of company stock valued at $5,924,401 in the last quarter.
SunCoke Energy Partners Company Profile
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).
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