Zacks Investment Research downgraded shares of SunCoke Energy (NYSE:SXC) from a strong-buy rating to a hold rating in a research note released on Wednesday, December 27th.
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. “
Separately, B. Riley reiterated a buy rating on shares of SunCoke Energy in a report on Wednesday, November 1st.
SunCoke Energy (NYSE SXC) opened at $13.05 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.58 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $839.84, a price-to-earnings ratio of 163.13 and a beta of 1.30. SunCoke Energy has a twelve month low of $7.66 and a twelve month high of $13.43.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Thursday, October 26th. The energy company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.26. The company had revenue of $339.00 million during the quarter, compared to the consensus estimate of $344.40 million. SunCoke Energy had a return on equity of 4.60% and a net margin of 0.42%. SunCoke Energy’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. equities research analysts anticipate that SunCoke Energy will post -0.16 earnings per share for the current fiscal year.
In other news, insider Phillip Michael Hardesty sold 4,444 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $11.37, for a total transaction of $50,528.28. Following the completion of the sale, the insider now directly owns 70,161 shares in the company, valued at approximately $797,730.57. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.85% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in SXC. Fox Run Management L.L.C. acquired a new stake in shares of SunCoke Energy during the 3rd quarter worth $124,000. Quantbot Technologies LP acquired a new stake in shares of SunCoke Energy during the 3rd quarter worth $142,000. Piedmont Investment Advisors LLC acquired a new stake in shares of SunCoke Energy during the 2nd quarter worth $152,000. Crossmark Global Holdings Inc. acquired a new stake in shares of SunCoke Energy during the 3rd quarter worth $155,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of SunCoke Energy during the 2nd quarter worth $198,000. Institutional investors and hedge funds own 90.86% of the company’s stock.
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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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