SunCoke Energy (NYSE:SXC) Given New $10.00 Price Target at B. Riley

SunCoke Energy (NYSE:SXC) had its price objective dropped by equities research analysts at B. Riley from $11.00 to $10.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the energy company’s stock. B. Riley’s target price indicates a potential upside of 44.82% from the company’s current price.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SunCoke Energy in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, SunCoke Energy currently has a consensus rating of “Hold” and a consensus price target of $10.00.

SunCoke Energy Price Performance

Shares of NYSE SXC traded up $0.10 during midday trading on Wednesday, hitting $6.91. 143,403 shares of the company’s stock were exchanged, compared to its average volume of 969,922. The company has a current ratio of 2.61, a quick ratio of 1.45 and a debt-to-equity ratio of 0.70. The business’s fifty day moving average price is $7.92 and its two-hundred day moving average price is $8.15. The company has a market cap of $584.62 million, a price-to-earnings ratio of 8.03 and a beta of 1.08. SunCoke Energy has a 12-month low of $6.57 and a 12-month high of $12.82.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Tuesday, November 4th. The energy company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.12. The company had revenue of $487.00 million during the quarter, compared to analyst estimates of $349.30 million. SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. As a group, research analysts forecast that SunCoke Energy will post 0.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other SunCoke Energy news, Director Ratta Ralph M. Della, Jr. acquired 7,288 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were purchased at an average cost of $6.86 per share, for a total transaction of $49,995.68. Following the transaction, the director owned 86,293 shares in the company, valued at $591,969.98. This represents a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.49% of the company’s stock.

Institutional Trading of SunCoke Energy

Several large investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of SunCoke Energy by 7.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,733 shares of the energy company’s stock worth $187,000 after purchasing an additional 1,547 shares during the period. Legal & General Group Plc grew its holdings in shares of SunCoke Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 223,115 shares of the energy company’s stock worth $1,917,000 after acquiring an additional 1,560 shares during the period. GAMMA Investing LLC lifted its stake in shares of SunCoke Energy by 41.8% in the 2nd quarter. GAMMA Investing LLC now owns 5,330 shares of the energy company’s stock valued at $46,000 after purchasing an additional 1,571 shares during the period. Allworth Financial LP boosted its position in shares of SunCoke Energy by 80.6% during the second quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Quarry LP boosted its stake in SunCoke Energy by 16.5% during the first quarter. Quarry LP now owns 13,611 shares of the energy company’s stock worth $125,000 after acquiring an additional 1,923 shares in the last quarter. Institutional investors own 90.45% of the company’s stock.

About SunCoke Energy

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.