SunCoke Energy (SXC) Rating Increased to Strong-Buy at Zacks Investment Research

SunCoke Energy (NYSE:SXC) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Saturday, November 18th. The brokerage currently has a $12.00 target price on the energy company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 9.49% from the stock’s previous close.

According to Zacks, “SunCoke Energy, Inc is a producer of metallurgical coke in the Americas. The Company acquires, owns, and operates the coke making and coal mining operations. Its coke making facilities are in the United States and Brazil. “

Other equities research analysts have also issued reports about the stock. B. Riley reiterated a “buy” rating on shares of SunCoke Energy in a report on Wednesday, November 1st. BidaskClub raised shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, TheStreet downgraded shares of SunCoke Energy from a “c-” rating to a “d+” rating in a research report on Friday, August 4th.

Shares of SunCoke Energy (NYSE SXC) traded down $0.41 during trading hours on Friday, reaching $10.96. 369,591 shares of the company traded hands, compared to its average volume of 688,217. The stock has a market capitalization of $705.34, a PE ratio of 29.20 and a beta of 1.30. SunCoke Energy has a 12 month low of $7.66 and a 12 month high of $13.14. The company has a current ratio of 1.58, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, October 26th. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.26. The business had revenue of $339.00 million during the quarter, compared to analyst estimates of $344.40 million. SunCoke Energy had a net margin of 0.42% and a return on equity of 4.60%. SunCoke Energy’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 earnings per share. equities analysts anticipate that SunCoke Energy will post -0.16 earnings per share for the current year.

In other news, Director James E. Sweetnam sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $8.76, for a total value of $175,200.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $87,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Phillip Michael Hardesty sold 4,444 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $11.37, for a total transaction of $50,528.28. The disclosure for this sale can be found here. Insiders have sold a total of 36,159 shares of company stock worth $332,218 over the last three months. 3.85% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in SXC. UBS Asset Management Americas Inc. increased its holdings in SunCoke Energy by 97.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 24,259 shares of the energy company’s stock worth $217,000 after acquiring an additional 11,962 shares in the last quarter. Wellington Management Group LLP grew its holdings in SunCoke Energy by 1.9% during the 1st quarter. Wellington Management Group LLP now owns 40,364 shares of the energy company’s stock valued at $362,000 after buying an additional 763 shares in the last quarter. Legal & General Group Plc grew its holdings in SunCoke Energy by 1.7% during the 1st quarter. Legal & General Group Plc now owns 107,060 shares of the energy company’s stock valued at $959,000 after buying an additional 1,744 shares in the last quarter. Vanguard Group Inc. grew its holdings in SunCoke Energy by 25.9% during the 1st quarter. Vanguard Group Inc. now owns 4,853,591 shares of the energy company’s stock valued at $43,488,000 after buying an additional 999,209 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in SunCoke Energy by 11.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 802,052 shares of the energy company’s stock valued at $7,187,000 after buying an additional 81,492 shares in the last quarter. 90.96% of the stock is owned by institutional investors.

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SunCoke Energy Company Profile

SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.

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