SunCoke Energy (NYSE:SXC) Issues Earnings Results, Beats Expectations By $0.12 EPS

SunCoke Energy (NYSE:SXC) released its earnings results on Tuesday. The energy company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12, Zacks reports. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The business had revenue of $487.00 million for the quarter, compared to the consensus estimate of $349.30 million.

SunCoke Energy Price Performance

Shares of NYSE:SXC traded down $1.01 during trading on Tuesday, reaching $7.24. The stock had a trading volume of 939,471 shares, compared to its average volume of 948,246. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.61 and a quick ratio of 1.45. The business’s 50-day moving average price is $8.01 and its 200 day moving average price is $8.26. SunCoke Energy has a 52 week low of $7.18 and a 52 week high of $12.82. The stock has a market capitalization of $612.56 million, a PE ratio of 8.45 and a beta of 1.07.

Institutional Trading of SunCoke Energy

Several institutional investors and hedge funds have recently made changes to their positions in SXC. Invesco Ltd. raised its position in shares of SunCoke Energy by 72.0% during the 2nd quarter. Invesco Ltd. now owns 1,445,764 shares of the energy company’s stock valued at $12,419,000 after acquiring an additional 605,366 shares during the last quarter. Bank of America Corp DE raised its position in shares of SunCoke Energy by 90.6% during the 2nd quarter. Bank of America Corp DE now owns 774,212 shares of the energy company’s stock valued at $6,650,000 after acquiring an additional 368,065 shares during the last quarter. AQR Capital Management LLC raised its position in shares of SunCoke Energy by 53.7% during the 2nd quarter. AQR Capital Management LLC now owns 563,450 shares of the energy company’s stock valued at $4,840,000 after acquiring an additional 196,913 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of SunCoke Energy by 20.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,058,125 shares of the energy company’s stock valued at $9,089,000 after buying an additional 177,078 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of SunCoke Energy by 25.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 595,146 shares of the energy company’s stock valued at $5,112,000 after buying an additional 120,892 shares in the last quarter. Institutional investors own 90.45% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of SunCoke Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, SunCoke Energy currently has an average rating of “Moderate Buy” and an average target price of $13.00.

SunCoke Energy Company Profile

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. 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.