Some Traders See Unusual Bullish Options Activity in SunCoke Energy Partners LP

 Some Traders See Unusual Bullish Options Activity in SunCoke Energy Partners LP

In today’s session SunCoke Energy Partners LP (SXCP) registered an unusually high (649) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SXCP increase. With 649 contracts traded and 10324 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SXCP161118C00017500 closed last at: $1.45 or 38.1% up. About 362,426 shares traded hands or 10.21% up from the average. SunCoke Energy Partners LP (NYSE:SXCP) has risen 138.76% since April 7, 2016 and is uptrending. It has outperformed by 133.97% 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. $25 is the highest target while $7 is the lowest. The $15.33 average target is -19.32% below today’s ($19) stock price. SunCoke Energy Partners has been the topic of 6 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, October 21 by FBR Capital. Barclays Capital downgraded SunCoke Energy Partners LP (NYSE:SXCP) on Monday, January 11 to “Underweight” rating. The firm has “Underperform” rating by Bank of America given on Wednesday, December 9. The firm earned “Outperform” rating on Friday, September 18 by FBR Capital.

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 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.
Citadel Advsr Ltd Liability Corp last reported 19,264 shares in the company. Arrow Advsrs Ltd Company, a Maryland-based fund reported 92,004 shares. Royal State Bank Of Canada, a Ontario – Canada-based fund reported 950 shares. Gilman Hill Asset owns 24,951 shares or 0.11% of their US portfolio. California Public Employees Retirement Sys holds 0% or 32,500 shares in its portfolio. Bnp Paribas Arbitrage holds 0% or 61 shares in its portfolio. Morgan Stanley reported 3.27M shares or 0.01% of all its holdings. Goldman Sachs Group Inc owns 136,821 shares or 0% of their US portfolio. Camarda Lc holds 0% of its portfolio in SunCoke Energy Partners LP (NYSE:SXCP) for 200 shares. Wells Fargo & Com Mn holds 11,289 shares or 0% of its portfolio. Barclays Pcl reported 76 shares or 0% of all its holdings. Gendell Jeffrey L has 229,078 shares for 0.51% of their US portfolio. Guggenheim Limited Liability Co owns 44,505 shares or 0% of their US portfolio. Kayne Anderson Cap Lp holds 0.13% of its portfolio in SunCoke Energy Partners LP (NYSE:SXCP) for 1.09 million shares. Walleye Trading Ltd Liability accumulated 10,250 shares or 0% of the stock.

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 $859.01 million. The Firm also provides coal handling and/or mixing services at its Coal Logistics terminals. It has a 9.49 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: Forbes.com which released: “Ex-Dividend Reminder: SunCoke Energy Partners, Terra Nitrogen and …” on November 08, 2016, also Finance.Yahoo.com with their article: “Robbins Arroyo LLP: Acquisition of SunCoke Energy Partners, L.P. (SXCP) by …” published on November 01, 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.

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