Zacks Investment Research upgraded shares of SunCoke Energy (NYSE:SXC) from a hold rating to a buy rating in a research report sent to investors on Friday, February 9th. Zacks Investment Research currently has $11.00 target price on the energy company’s stock.
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 research analysts have also recently issued research reports about the stock. Clarkson Capital upgraded shares of SunCoke Energy from a neutral rating to a buy rating in a report on Friday, February 9th. B. Riley restated a buy rating on shares of SunCoke Energy in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating and three have given a buy rating to the company. The company has an average rating of Buy and an average target price of $11.00.
Shares of SunCoke Energy (SXC) traded up $0.19 on Friday, reaching $10.80. 748,292 shares of the company traded hands, compared to its average volume of 875,558. SunCoke Energy has a 12-month low of $7.66 and a 12-month high of $13.43. The company has a market cap of $697.06, a P/E ratio of 40.00 and a beta of 1.16. The company has a quick ratio of 1.12, a current ratio of 1.74 and a debt-to-equity ratio of 1.31.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Wednesday, January 31st. The energy company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). SunCoke Energy had a net margin of 9.19% and a return on equity of 3.13%. The business had revenue of $359.60 million during the quarter, compared to analyst estimates of $353.60 million. During the same quarter in the prior year, the company earned $0.26 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. equities research analysts forecast that SunCoke Energy will post 0.12 EPS for the current year.
In other SunCoke Energy news, insider Phillip Michael Hardesty sold 4,444 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $11.37, for a total value of $50,528.28. Following the completion of the sale, the insider now owns 70,161 shares in the company, valued at $797,730.57. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.85% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. UBS Asset Management Americas Inc. lifted its stake in shares of SunCoke Energy by 1.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 24,492 shares of the energy company’s stock worth $267,000 after buying an additional 233 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of SunCoke Energy by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,357 shares of the energy company’s stock worth $549,000 after buying an additional 615 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of SunCoke Energy by 7.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 38,687 shares of the energy company’s stock worth $422,000 after buying an additional 2,710 shares during the last quarter. Northern Trust Corp lifted its stake in shares of SunCoke Energy by 0.6% during the 2nd quarter. Northern Trust Corp now owns 764,495 shares of the energy company’s stock worth $8,334,000 after buying an additional 4,675 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in shares of SunCoke Energy by 21.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 27,498 shares of the energy company’s stock worth $251,000 after buying an additional 4,866 shares during the last quarter. Hedge funds and other institutional investors own 92.94% 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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