SunCoke Energy Partners (NYSE:SXCP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage presently has a $17.00 price objective on the energy company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 11.48% from the stock’s previous close.

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. “

SXCP has been the subject of a number of other research reports. JPMorgan Chase & Co. lowered their price objective on SunCoke Energy Partners from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, July 27th. TheStreet raised SunCoke Energy Partners from a “c” rating to a “b-” rating in a research report on Friday, July 13th. Finally, ValuEngine cut SunCoke Energy Partners from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.75.

Shares of NYSE SXCP opened at $15.25 on Thursday. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 1.35. The firm has a market cap of $704.96 million, a price-to-earnings ratio of 9.24 and a beta of 1.37. SunCoke Energy Partners has a 12-month low of $14.70 and a 12-month high of $21.95.

SunCoke Energy Partners (NYSE:SXCP) last posted its quarterly earnings data on Thursday, July 26th. The energy company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.08. The firm had revenue of $228.60 million during the quarter, compared to analysts’ expectations of $208.03 million. SunCoke Energy Partners had a return on equity of 14.77% and a net margin of 17.37%. As a group, equities research analysts expect that SunCoke Energy Partners will post 1.59 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. Guggenheim Capital LLC raised its stake in SunCoke Energy Partners by 538.3% in the 1st quarter. Guggenheim Capital LLC now owns 226,117 shares of the energy company’s stock worth $4,025,000 after acquiring an additional 190,692 shares during the last quarter. Acadian Asset Management LLC raised its stake in SunCoke Energy Partners by 416.3% in the 2nd quarter. Acadian Asset Management LLC now owns 111,569 shares of the energy company’s stock worth $1,674,000 after acquiring an additional 89,959 shares during the last quarter. GSA Capital Partners LLP purchased a new position in SunCoke Energy Partners in the 2nd quarter worth $961,000. Van ECK Associates Corp raised its stake in SunCoke Energy Partners by 10.9% in the 2nd quarter. Van ECK Associates Corp now owns 155,134 shares of the energy company’s stock worth $2,327,000 after acquiring an additional 15,217 shares during the last quarter. Finally, NEXT Financial Group Inc purchased a new position in SunCoke Energy Partners in the 1st quarter worth $182,000. 9.61% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Partners Company Profile

SunCoke Energy Partners, L.P., a master limited partnership, produces and sells coke used in the blast furnace production of steel in the United States. It operates through two segments, Domestic Coke and Logistics. The company also provides metallurgical and thermal coal mixing and handling terminal services, as well as operates Convent Marine Terminal, an export terminal in the United States Gulf Coast located in Convent, Louisiana.

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