SunCoke Energy Partners LP Draws Bearish Options Activity Today

 SunCoke Energy Partners LP Draws Bearish Options Activity Today

In today’s session SunCoke Energy Partners LP (SXCP) recorded an unusually high (261) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious SXCP decrease. With 261 contracts traded and 2124 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: SXCP161118P00015000 closed last at: $1.15 or 11.5% down. About 38,087 shares traded hands. SunCoke Energy Partners LP (NYSE:SXCP) has risen 79.33% since March 11, 2016 and is uptrending. It has outperformed by 73.88% the S&P500.

Analysts await SunCoke Energy Partners LP (NYSE:SXCP) to report earnings on October, 25. They expect $0.44 earnings per share, up 2.33% or $0.01 from last year’s $0.43 per share. SXCP’s profit will be $20.13M for 8.72 P/E if the $0.44 EPS becomes a reality. After $0.23 actual earnings per share 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. $25 is the highest target while $7 is the lowest. The $16.33 average target is 6.45% above today’s ($15.34) stock price. SunCoke Energy Partners has been the topic of 5 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by Barclays Capital on Monday, January 11 to “Underweight”. The firm has “Underperform” rating given on Wednesday, December 9 by Bank of America. FBR Capital initiated it with “Outperform” rating and $22 target price in Friday, September 18 report.

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 is 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.
Adams Asset Advsr Lc holds 497,480 shares or 0.92% of its portfolio. Ing Groep Nv accumulated 43,141 shares or 0.01% of the stock. Manufacturers Life Ins The has invested 0% of its portfolio in SunCoke Energy Partners LP (NYSE:SXCP). Citadel Advsrs Ltd Liability Company has invested 0% of its portfolio in SunCoke Energy Partners LP (NYSE:SXCP). The New York-based Tocqueville Asset Management L P has invested 0.03% in SunCoke Energy Partners LP (NYSE:SXCP). Moreover, Ladenburg Thalmann Services Inc has 0% invested in SunCoke Energy Partners LP (NYSE:SXCP) for 745 shares. Moreover, Lpl Lc has 0% invested in SunCoke Energy Partners LP (NYSE:SXCP) for 11,529 shares. Moreover, Pnc Services Grp has 0% invested in SunCoke Energy Partners LP (NYSE:SXCP) for 4,803 shares. Wells Fargo Company Mn owns 11,289 shares or 0% of their US portfolio. Goldman Sachs Gp has 0% invested in the company for 136,821 shares. The North Carolina-based Natl Bank Of America De has invested 0% in SunCoke Energy Partners LP (NYSE:SXCP). Camarda Fincl Advsr Ltd Liability Corp accumulated 0% or 200 shares. Kayne Anderson Capital Limited Partnership, a California-based fund reported 1.09M shares. Bb&T Securities Limited Liability Corp accumulated 10,865 shares or 0% of the stock. Morgan Stanley owns 3.27 million shares or 0.01% of their US portfolio.

SunCoke Energy Partners, L.P. is engaged primarily in producing coke used in the blast furnace production of steel. The company has a market cap of $701.89 million. The Firm also provides coal handling and/or mixing services at its Coal Logistics terminals. It has a 7.72 P/E ratio. The Company’s divisions include Domestic Coke, Coal Logistics, and Corporate and Other.

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.

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. to Expand Coal Logistics Business with …” published on July 21, 2015, Seekingalpha.com published: “SunCoke Energy Partners LP: Is The Yield Too Good To Be True?” on October 23, 2015. More interesting news about SunCoke Energy Partners LP (NYSE:SXCP) were released by: Businesswire.com and their article: “SunCoke Energy Partners, L.P. Announces Its Restricted 7.375% Senior Notes Due …” published on May 11, 2016 as well as Businesswire.com‘s news article titled: “SunCoke Energy Partners, L.P. Announces Second Quarter 2016 Results” with publication date: July 28, 2016.

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