SunCoke Energy (NYSE:SXC) Stock Rating Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of SunCoke Energy (NYSE:SXC) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning,Wall Street Zen reports.

Other analysts have also recently issued reports about the company. Weiss Ratings upgraded SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. B. Riley Financial raised their price target on shares of SunCoke Energy from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.00.

SunCoke Energy Stock Performance

NYSE SXC opened at $10.44 on Wednesday. The firm’s fifty day moving average price is $10.05 and its two-hundred day moving average price is $8.33. The stock has a market cap of $885.67 million, a PE ratio of -16.05 and a beta of 0.94. SunCoke Energy has a fifty-two week low of $5.51 and a fifty-two week high of $11.60. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.26 and a current ratio of 2.03.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Tuesday, October 27th. The energy company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.14. The company had revenue of $485.90 million during the quarter, compared to analysts’ expectations of $456.55 million. SunCoke Energy had a positive return on equity of 5.68% and a negative net margin of 2.91%. SunCoke Energy’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. On average, equities analysts expect that SunCoke Energy will post 0.45 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 17th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, November 17th. SunCoke Energy’s dividend payout ratio is currently -73.85%.

Institutional Investors Weigh In On SunCoke Energy

Several large investors have recently modified their holdings of SXC. Allspring Global Investments Holdings LLC lifted its stake in shares of SunCoke Energy by 4.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 43,221 shares of the energy company’s stock valued at $421,000 after purchasing an additional 1,724 shares during the period. Brighton Jones LLC increased its holdings in SunCoke Energy by 33.8% in the third quarter. Brighton Jones LLC now owns 15,412 shares of the energy company’s stock worth $145,000 after purchasing an additional 3,895 shares in the last quarter. CenterBook Partners LP bought a new position in shares of SunCoke Energy during the 3rd quarter worth approximately $280,000. Vise Technologies Inc. acquired a new stake in shares of SunCoke Energy during the 3rd quarter worth approximately $120,000. Finally, VestGen Advisors LLC acquired a new stake in shares of SunCoke Energy during the 3rd quarter worth approximately $145,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

About SunCoke Energy

SunCoke Energy, Inc (NYSE:SXC) is a producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company converts coal into coke through high-temperature processing and captures the resulting heat to generate energy, which can support its facilities and be sold to customers.

SunCoke operates coke-making facilities and related coal-handling, storage and logistics assets, primarily serving integrated steel producers in the United States. Its operations are designed to provide customers with a consistent supply of coke while also generating electricity and recovering other byproducts from the coke-production process.

The company was separated from Sunoco and became a publicly traded company in 2011.