SunCoke Energy Partners LP (NYSE:SXCP) declared a quarterly dividend on Monday, January 28th, NASDAQ reports. Investors of record on Friday, February 15th will be paid a dividend of 0.40 per share by the energy company on Friday, March 1st. This represents a $1.60 annualized dividend and a dividend yield of 10.80%. The ex-dividend date is Thursday, February 14th.
SunCoke Energy Partners has decreased its dividend payment by an average of 7.8% annually over the last three years and has raised its dividend every year for the last 3 years. SunCoke Energy Partners has a payout ratio of 100.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect SunCoke Energy Partners to earn $2.07 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 77.3%.
Shares of SunCoke Energy Partners stock opened at $14.82 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.31 and a quick ratio of 0.65. SunCoke Energy Partners has a 1 year low of $9.61 and a 1 year high of $19.80. The firm has a market cap of $682.31 million, a P/E ratio of 12.15 and a beta of 1.61.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of SunCoke Energy Partners from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Saturday, January 5th. B. Riley reaffirmed a “buy” rating and issued a $20.00 price objective on shares of SunCoke Energy Partners in a report on Friday, November 9th. Finally, ValuEngine raised shares of SunCoke Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.50.
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About SunCoke Energy Partners
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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