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

SunCoke Energy (NYSE:SXC – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Wall Street Zen reports.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of 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 objective on shares of SunCoke Energy from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Monday. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, SunCoke Energy currently has a consensus rating of “Hold” and an average price target of $11.00.

Get Our Latest Analysis on SXC

SunCoke Energy Trading Down 7.3%

NYSE SXC opened at $9.69 on Wednesday. The firm has a 50 day simple moving average of $10.04 and a 200-day simple moving average of $8.34. 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 has a one year low of $5.51 and a one year high of $11.60. The firm has a market cap of $822.06 million, a price-to-earnings ratio of -14.90 and a beta of 0.94.

SunCoke Energy (NYSE:SXC – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The energy company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.14. The company had revenue of $485.90 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 EPS. Equities research analysts anticipate that SunCoke Energy will post 0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On SunCoke Energy

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

SunCoke Energy Company Profile

(Get Free Report)

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.

Further Reading

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