SunCoke Energy (NYSE:SXC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SunCoke Energy (NYSE:SXC) from a hold rating to a buy rating in a research note published on Tuesday,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, SunCoke Energy currently has an average rating of “Hold” and an average target price of $9.00.

SunCoke Energy Price Performance

Shares of NYSE:SXC opened at $11.03 on Tuesday. The firm has a market capitalization of $936.31 million, a PE ratio of -16.97 and a beta of 1.01. SunCoke Energy has a 1-year low of $5.51 and a 1-year high of $11.12. The business’s 50 day moving average is $9.94 and its 200-day moving average is $8.28. The company has a current ratio of 2.03, a quick ratio of 1.37 and a debt-to-equity ratio of 0.96.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Tuesday, October 27th. The energy company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.14. The firm had revenue of $485.90 million for the quarter, compared to the consensus estimate of $456.55 million. SunCoke Energy had a negative net margin of 2.91% and a positive return on equity of 5.68%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 earnings per share. Sell-side analysts predict that SunCoke Energy will post 0.32 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $0.48 annualized dividend and a yield of 4.4%. SunCoke Energy’s dividend payout ratio is currently -75.00%.

Institutional Investors Weigh In On SunCoke Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in SunCoke Energy in the 2nd quarter valued at $72,643,000. Dimensional Fund Advisors LP boosted its position in SunCoke Energy by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 5,410,182 shares of the energy company’s stock worth $35,222,000 after purchasing an additional 68,996 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of SunCoke Energy in the second quarter valued at $7,359,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of SunCoke Energy in the second quarter valued at $6,614,000. Finally, Readystate Asset Management LP acquired a new position in shares of SunCoke Energy in the second quarter valued at $5,038,000. Institutional investors own 90.45% of the company’s stock.

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.