SunCoke Energy (NYSE:SXC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “SunCoke Energy, Inc is a producer of metallurgical coke in the Americas. The Company acquires, owns, and operates the coke making and coal mining operations. Its coke making facilities are in the United States and Brazil. “
Other equities analysts have also recently issued reports about the company. ValuEngine raised SunCoke Energy from a “sell” rating to a “hold” rating in a research note on Friday, April 27th. B. Riley decreased their price target on SunCoke Energy from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, April 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. SunCoke Energy currently has an average rating of “Hold” and an average target price of $14.00.
SunCoke Energy stock traded down $0.20 during trading hours on Friday, reaching $11.21. The company had a trading volume of 245,157 shares, compared to its average volume of 385,689. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.86 and a quick ratio of 1.25. The stock has a market capitalization of $738.55 million, a P/E ratio of 22.37 and a beta of 0.98. SunCoke Energy has a 12-month low of $8.20 and a 12-month high of $14.32.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, July 26th. The energy company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. The business had revenue of $367.00 million for the quarter, compared to analysts’ expectations of $313.95 million. SunCoke Energy had a return on equity of 5.36% and a net margin of 11.19%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.38) EPS. sell-side analysts expect that SunCoke Energy will post 0.28 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Globeflex Capital L P grew its position in shares of SunCoke Energy by 549.1% in the 2nd quarter. Globeflex Capital L P now owns 15,688 shares of the energy company’s stock worth $210,000 after buying an additional 13,271 shares during the last quarter. Legal & General Group Plc grew its position in shares of SunCoke Energy by 7.6% in the 2nd quarter. Legal & General Group Plc now owns 128,262 shares of the energy company’s stock worth $1,712,000 after buying an additional 9,073 shares during the last quarter. BlackRock Inc. grew its position in shares of SunCoke Energy by 8.3% in the 2nd quarter. BlackRock Inc. now owns 9,215,417 shares of the energy company’s stock worth $123,487,000 after buying an additional 706,312 shares during the last quarter. Pinebridge Investments L.P. grew its position in shares of SunCoke Energy by 17.7% in the 2nd quarter. Pinebridge Investments L.P. now owns 116,521 shares of the energy company’s stock worth $1,561,000 after buying an additional 17,539 shares during the last quarter. Finally, Spark Investment Management LLC bought a new stake in shares of SunCoke Energy in the 2nd quarter worth approximately $1,921,000. Hedge funds and other institutional investors own 90.68% of the company’s stock.
SunCoke Energy Company Profile
SunCoke Energy, Inc operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.
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