Wall Street Zen upgraded shares of SunCoke Energy (NYSE:SXC – Free Report) from a hold rating to a buy rating in a report issued on Saturday morning.
Separately, Weiss Ratings upgraded SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SunCoke Energy has a consensus rating of “Reduce” and an average target price of $9.00.
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SunCoke Energy Trading Up 0.1%
SunCoke Energy (NYSE:SXC – Get Free Report) last issued its earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The company had revenue of $475.30 million during the quarter, compared to analyst estimates of $445.20 million. During the same quarter last year, the firm earned $0.02 EPS. The business’s revenue was up 9.5% on a year-over-year basis. On average, analysts anticipate that SunCoke Energy will post 0.32 earnings per share for the current fiscal year.
SunCoke Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Monday, August 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.48 dividend on an annualized basis and a yield of 5.1%. SunCoke Energy’s dividend payout ratio (DPR) is currently -75.00%.
Hedge Funds Weigh In On SunCoke Energy
A number of hedge funds and other institutional investors have recently bought and sold shares of SXC. EverSource Wealth Advisors LLC lifted its holdings in shares of SunCoke Energy by 544.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock worth $26,000 after purchasing an additional 2,528 shares during the last quarter. Farther Finance Advisors LLC grew its stake in SunCoke Energy by 69.4% during the 4th quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock worth $28,000 after buying an additional 1,569 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in SunCoke Energy during the 2nd quarter worth $29,000. Signaturefd LLC grew its stake in SunCoke Energy by 44.9% during the 4th quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock worth $31,000 after buying an additional 1,318 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in SunCoke Energy by 176.2% in the second quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock worth $48,000 after buying an additional 3,582 shares during the period. 90.45% of the stock is currently owned by institutional investors and hedge funds.
SunCoke Energy Company Profile
SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.
The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.
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