SunCoke Energy (NYSE:SXC) Raised to “Buy” at Wall Street Zen

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

Separately, Weiss Ratings upgraded shares of SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. Two analysts have rated the stock with a Hold rating. According to MarketBeat, SunCoke Energy presently has an average rating of “Hold” and a consensus target price of $9.00.

Get Our Latest Analysis on SunCoke Energy

SunCoke Energy Trading Up 1.2%

Shares of NYSE SXC opened at $10.06 on Friday. SunCoke Energy has a 1 year low of $5.51 and a 1 year high of $10.68. The stock has a market cap of $854.23 million, a P/E ratio of -15.72 and a beta of 1.01. The firm has a 50-day moving average of $9.75 and a 200 day moving average of $8.54. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.25 and a quick ratio of 1.37.

SunCoke Energy (NYSE:SXC – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. The business had revenue of $475.30 million for the quarter, compared to analyst estimates of $445.20 million. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. SunCoke Energy’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 earnings per share. As a group, sell-side analysts expect that SunCoke Energy will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On SunCoke Energy

A number of institutional investors have recently modified their holdings of SXC. Farther Finance Advisors LLC raised its position in shares of SunCoke Energy by 30.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,050 shares of the energy company’s stock worth $57,000 after purchasing an additional 1,405 shares during the last quarter. Engineers Gate Manager LP boosted its stake in SunCoke Energy by 40.4% in the 2nd quarter. Engineers Gate Manager LP now owns 141,958 shares of the energy company’s stock worth $1,143,000 after purchasing an additional 40,837 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in SunCoke Energy in the 2nd quarter worth about $45,000. IFP Advisors Inc grew its position in SunCoke Energy by 126.3% during the 2nd quarter. IFP Advisors Inc now owns 3,259 shares of the energy company’s stock valued at $26,000 after purchasing an additional 1,819 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in SunCoke Energy by 0.6% during the 2nd quarter. Squarepoint Ops LLC now owns 487,204 shares of the energy company’s stock valued at $3,922,000 after purchasing an additional 3,007 shares during the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.

About SunCoke Energy

(Get Free Report)

SunCoke Energy, Inc is an independent producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company operates cokemaking facilities in the United States and supplies coke primarily to integrated steel producers under long-term commercial arrangements.

SunCoke’s operations use coal as a raw material and employ heat-recovery technology that captures energy generated during the cokemaking process to produce electricity. In addition to coke production, the company provides coal-handling, storage, transloading and terminal services through its logistics operations, supporting the movement of coal and other bulk materials for industrial customers.

SunCoke Energy was formed from the cokemaking operations of Sunoco and became an independent, publicly traded company in 2012.

Further Reading

Receive News & Ratings for SunCoke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCoke Energy and related companies with MarketBeat.com's FREE daily email newsletter.