Clarkson Capital upgraded shares of SunCoke Energy (NYSE:SXC) from a neutral rating to a buy rating in a research note published on Friday, February 9th, Marketbeat Ratings reports.
Several other research firms also recently weighed in on SXC. B. Riley reiterated a buy rating on shares of SunCoke Energy in a research note on Wednesday, November 1st. Zacks Investment Research upgraded SunCoke Energy from a hold rating to a strong-buy rating and set a $13.00 target price on the stock in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $11.00.
Shares of SunCoke Energy (NYSE SXC) opened at $10.80 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.12 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $697.06, a price-to-earnings ratio of 40.00 and a beta of 1.16. SunCoke Energy has a 1 year low of $7.66 and a 1 year high of $13.43.
SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Wednesday, January 31st. The energy company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). SunCoke Energy had a return on equity of 3.13% and a net margin of 9.19%. The company had revenue of $359.60 million during the quarter, compared to the consensus estimate of $353.60 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. equities research analysts predict that SunCoke Energy will post 0.12 earnings per share for the current year.
In other SunCoke Energy news, insider Phillip Michael Hardesty sold 4,444 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $11.37, for a total transaction of $50,528.28. Following the transaction, the insider now owns 70,161 shares in the company, valued at $797,730.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.85% of the company’s stock.
A number of institutional investors have recently modified their holdings of SXC. BlackRock Inc. boosted its position in shares of SunCoke Energy by 2.4% during the fourth quarter. BlackRock Inc. now owns 8,444,996 shares of the energy company’s stock worth $101,256,000 after buying an additional 193,985 shares during the period. Vanguard Group Inc. boosted its position in shares of SunCoke Energy by 1.7% during the second quarter. Vanguard Group Inc. now owns 4,936,265 shares of the energy company’s stock worth $53,804,000 after buying an additional 82,674 shares during the period. Boston Partners boosted its holdings in SunCoke Energy by 28.5% in the fourth quarter. Boston Partners now owns 4,594,984 shares of the energy company’s stock valued at $55,094,000 after purchasing an additional 1,019,796 shares during the period. Renaissance Technologies LLC boosted its holdings in SunCoke Energy by 18.8% in the fourth quarter. Renaissance Technologies LLC now owns 2,640,521 shares of the energy company’s stock valued at $31,660,000 after purchasing an additional 418,561 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in SunCoke Energy by 81.3% in the third quarter. JPMorgan Chase & Co. now owns 1,711,619 shares of the energy company’s stock valued at $15,353,000 after purchasing an additional 767,312 shares during the period. Institutional investors own 93.91% of the company’s stock.
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About SunCoke Energy
SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.
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