The stock of SunCoke Energy Partners LP (NYSE:SXCP) hit a new 52-week high and has $23.91 target or 37.00% above today’s $17.45 share price. The 7 months bullish chart indicates low risk for the $811.21M company. The 1-year high was reported on Oct, 31 by Barchart.com. If the $23.91 price target is reached, the company will be worth $300.15 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 440,207 shares traded hands or 115.81% up from the average. SunCoke Energy Partners LP (NYSE:SXCP) has risen 141.45% since March 29, 2016 and is uptrending. It has outperformed by 137.98% the S&P500.
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. As per Wednesday, December 9, the company rating was downgraded by Bank of America. The stock of SunCoke Energy Partners LP (NYSE:SXCP) has “Underweight” rating given on Monday, January 11 by Barclays Capital. The stock of SunCoke Energy Partners LP (NYSE:SXCP) has “Outperform” rating given on Friday, September 18 by FBR Capital. FBR Capital maintained SunCoke Energy Partners LP (NYSE:SXCP) on Friday, October 21 with “Outperform” rating.
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.
Royal National Bank & Trust Of Canada last reported 0% of its portfolio in the stock. Gilman Hill Asset Management Ltd Llc holds 0.11% or 24,951 shares in its portfolio. Renaissance holds 0% or 23,955 shares in its portfolio. Geode Capital Limited Liability Com accumulated 0% or 30,261 shares. Kayne Anderson Cap Advisors Limited Partnership has 0.13% invested in the company for 1.09M shares. Camarda Finance Advsr Ltd Liability Corp has 0% invested in the company for 200 shares. Andalusian Limited Partnership, a Connecticut-based fund reported 102,953 shares. Jpmorgan Chase Com holds 0% or 22,767 shares in its portfolio. Cetera Advisor has 0.02% invested in the company for 30,183 shares. Tocqueville Asset L P, a New York-based fund reported 185,844 shares. Barclays Public Ltd Liability last reported 76 shares in the company. The Germany-based Deutsche Bank & Trust Ag has invested 0% in SunCoke Energy Partners LP (NYSE:SXCP). Manufacturers Life The accumulated 721 shares or 0% of the stock. Gendell Jeffrey L has 229,078 shares for 0.51% of their US portfolio. Tower Capital Lc (Trc) holds 0% or 1,100 shares in its portfolio.
More notable recent SunCoke Energy Partners LP (NYSE:SXCP) news were published by: Reuters.com which released: “BRIEF-Suncoke Energy Partners LP says receives proposal to buy its publi…” on October 31, 2016, also Businesswire.com with their article: “SunCoke Energy Partners, L.P. Announces Receipt of Proposal to Purchase Its …” published on October 31, 2016, Businesswire.com published: “SunCoke Energy Partners, L.P. Announces Third Quarter 2016 Results” on October 20, 2016. More interesting news about SunCoke Energy Partners LP (NYSE:SXCP) were released by: Marketwatch.com and their article: “SunCoke Energy Partners LP” published on January 18, 2013 as well as Businesswire.com‘s news article titled: “SunCoke Energy Partners, L.P. to Expand Coal Logistics Business with …” with publication date: July 21, 2015.
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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