Price Action to Note: SunCoke Energy Partners LP Surges to 52-Week High, Is Now Top Performer

Price Action to Note: SunCoke Energy Partners LP Surges to 52 Week High, Is Now Top Performer

The stock of SunCoke Energy Partners LP (NYSE:SXCP) hit a new 52-week high and has $26.65 target or 41.00% above today’s $18.90 share price. The 5 months bullish chart indicates low risk for the $873.43 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $26.65 price target is reached, the company will be worth $358.11 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 239,539 shares traded hands. SunCoke Energy Partners LP (NYSE:SXCP) has risen 151.71% since April 5, 2016 and is uptrending. It has outperformed by 149.75% 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. FBR Capital initiated SunCoke Energy Partners LP (NYSE:SXCP) rating on Friday, September 18. FBR Capital has “Outperform” rating and $22 price target. The rating was maintained by FBR Capital on Friday, October 21 with “Outperform”. The stock of SunCoke Energy Partners LP (NYSE:SXCP) earned “Underperform” rating by Bank of America on Wednesday, December 9. The stock has “Underweight” rating given by Barclays Capital on Monday, January 11.

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 2016 Q2. Its down 0.27, from 1.13 in 2016Q1. The ratio worsened, 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.
Geode Capital Ltd Liability Com has invested 0% of its portfolio in SunCoke Energy Partners LP (NYSE:SXCP). Camarda Finance Ltd Company holds 0% or 200 shares in its portfolio. Gendell Jeffrey L owns 229,078 shares or 0.51% of their US portfolio. Cetera Advisor Ntwk Lc last reported 0.02% of its portfolio in the stock. Royal Bancorp Of Canada owns 950 shares or 0% of their US portfolio. The California-based Lpl Limited Liability Company has invested 0% in SunCoke Energy Partners LP (NYSE:SXCP). Andalusian Cap Partners Lp reported 102,953 shares or 2.45% of all its holdings. Arrow Inv Advsr Lc last reported 0.22% of its portfolio in the stock. Tower Limited Co (Trc) holds 0% or 1,100 shares in its portfolio. Allianz Asset Mngmt Ag holds 0% of its portfolio in SunCoke Energy Partners LP (NYSE:SXCP) for 28,210 shares. Citigroup has 0% invested in the company for 969 shares. Morgan Stanley has 3.27M shares for 0.01% of their US portfolio. Manufacturers Life The accumulated 721 shares or 0% of the stock. Nantahala Cap Mgmt Lc accumulated 97,375 shares or 0.11% of the stock. Guggenheim Capital Limited Liability Company last reported 44,505 shares in the company.

More notable recent SunCoke Energy Partners LP (NYSE:SXCP) news were published by: Businesswire.com which released: “Robbins Arroyo LLP: Acquisition of SunCoke Energy Partners, L.P. (SXCP) by …” on November 01, 2016, also Seekingalpha.com with their article: “An Analysis Of The Proposed Purchase Of SunCoke Energy Partners By SunCoke …” published on November 07, 2016, Reuters.com published: “BRIEF-Suncoke Energy Partners LP says receives proposal to buy its publi…” on October 31, 2016. More interesting news about SunCoke Energy Partners LP (NYSE:SXCP) were released by: Businesswire.com and their article: “SunCoke Energy Partners, L.P. to Expand Coal Logistics Business with …” published on July 21, 2015 as well as Businesswire.com‘s news article titled: “SunCoke Energy Partners, L.P. Announces Third Quarter 2016 Results” with publication date: October 20, 2016.

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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