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

by · The Cerbat Gem

Wall Street Zen upgraded shares of SunCoke Energy (NYSE:SXC – Free Report) from a hold rating to a buy rating in a report released on Sunday morning,Wall Street Zen reports.

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

Check Out Our Latest Report on SXC

SunCoke Energy Trading Up 1.3%

NYSE SXC opened at $10.20 on Friday. SunCoke Energy has a 52 week low of $5.51 and a 52 week high of $10.68. The firm has a 50 day moving average of $9.77 and a two-hundred day moving average of $8.56. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $865.35 million, a PE ratio of -15.93 and a beta of 1.01.

SunCoke Energy (NYSE:SXC – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. The company had revenue of $475.30 million for the quarter, compared to analyst estimates of $445.20 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. As a group, research analysts expect that SunCoke Energy will post 0.32 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Monday, August 17th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Monday, August 17th. SunCoke Energy’s payout ratio is presently -75.00%.

Institutional Trading of SunCoke Energy

Institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc increased its holdings in shares of SunCoke Energy by 126.3% in the 2nd quarter. IFP Advisors Inc now owns 3,259 shares of the energy company’s stock valued at $26,000 after acquiring an additional 1,819 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in SunCoke Energy during the second quarter worth $29,000. Freestone Grove Partners LP bought a new position in SunCoke Energy during the second quarter worth $29,000. Integrated Wealth Concepts LLC bought a new position in SunCoke Energy during the second quarter worth $45,000. Finally, Farther Finance Advisors LLC boosted its holdings in SunCoke Energy by 30.2% in the third quarter. Farther Finance Advisors LLC now owns 6,050 shares of the energy company’s stock worth $57,000 after purchasing an additional 1,405 shares during the period. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Company Profile

(Get Free Report)

SunCoke Energy, Inc is an independent producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company operates cokemaking facilities in the United States and supplies coke primarily to integrated steel producers under long-term commercial arrangements.

SunCoke’s operations use coal as a raw material and employ heat-recovery technology that captures energy generated during the cokemaking process to produce electricity. In addition to coke production, the company provides coal-handling, storage, transloading and terminal services through its logistics operations, supporting the movement of coal and other bulk materials for industrial customers.

SunCoke Energy was formed from the cokemaking operations of Sunoco and became an independent, publicly traded company in 2012.

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