B. Riley upgraded shares of SunCoke Energy (NYSE:SXC) from a neutral rating to a buy rating in a research note issued to investors on Thursday, BenzingaRatingsTable reports. They currently have $8.00 price objective on the energy company’s stock.
Several other brokerages also recently issued reports on SXC. TheStreet downgraded shares of SunCoke Energy from a c- rating to a d rating in a research note on Tuesday, November 5th. Zacks Investment Research upgraded SunCoke Energy from a sell rating to a hold rating in a research note on Thursday, November 7th. Finally, ValuEngine upgraded SunCoke Energy from a sell rating to a hold rating in a research note on Wednesday, October 2nd.
NYSE SXC traded up $0.14 on Thursday, hitting $5.55. 1,826,800 shares of the stock were exchanged, compared to its average volume of 934,286. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.73 and a quick ratio of 0.88. The business’s fifty day moving average is $5.44 and its 200 day moving average is $6.76. SunCoke Energy has a 52 week low of $4.55 and a 52 week high of $11.36. The company has a market capitalization of $469.35 million, a PE ratio of 13.88 and a beta of 1.28.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Tuesday, November 5th. The energy company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $404.30 million during the quarter, compared to the consensus estimate of $359.05 million. SunCoke Energy had a negative net margin of 9.48% and a positive return on equity of 3.89%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. Analysts predict that SunCoke Energy will post 0.34 EPS for the current fiscal year.
The firm also recently declared an annual dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, November 18th. SunCoke Energy’s dividend payout ratio is 15.00%.
In related news, Director James E. Sweetnam acquired 5,300 shares of SunCoke Energy stock in a transaction on Tuesday, November 19th. The stock was purchased at an average cost of $4.98 per share, with a total value of $26,394.00. Company insiders own 1.46% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System boosted its holdings in shares of SunCoke Energy by 38.4% during the second quarter. Arizona State Retirement System now owns 138,286 shares of the energy company’s stock worth $1,228,000 after acquiring an additional 38,391 shares during the period. Creative Planning acquired a new stake in SunCoke Energy during the 2nd quarter worth approximately $165,000. Municipal Employees Retirement System of Michigan boosted its stake in SunCoke Energy by 4.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 134,320 shares of the energy company’s stock valued at $1,193,000 after purchasing an additional 5,170 shares during the period. Swiss National Bank grew its holdings in SunCoke Energy by 13.4% in the 2nd quarter. Swiss National Bank now owns 120,450 shares of the energy company’s stock valued at $1,070,000 after buying an additional 14,200 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in SunCoke Energy by 19.4% in the 2nd quarter. Van ECK Associates Corp now owns 50,281 shares of the energy company’s stock valued at $446,000 after buying an additional 8,159 shares in the last quarter. 86.37% of the stock is currently owned by hedge funds and other institutional investors.
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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