Zacks Investment Research lowered shares of SunCoke Energy (NYSE:SXC) from a strong-buy rating to a hold rating in a research report 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 reissued a buy rating on shares of SunCoke Energy in a research note on Wednesday, November 1st.
Shares of SunCoke Energy (NYSE SXC) opened at $13.05 on Wednesday. SunCoke Energy has a one year low of $7.66 and a one year high of $13.43. The company has a current ratio of 1.58, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $843.70, a P/E ratio of 163.13 and a beta of 1.30.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Thursday, October 26th. The energy company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.26. SunCoke Energy had a return on equity of 4.60% and a net margin of 0.42%. The firm had revenue of $339.00 million during the quarter, compared to analyst estimates of $344.40 million. During the same period last year, the company earned $0.10 EPS. SunCoke Energy’s quarterly revenue was up 15.3% compared to the same quarter last year. analysts anticipate that SunCoke Energy will post -0.16 earnings per share for the current fiscal year.
In related news, insider Phillip Michael Hardesty sold 4,444 shares of the firm’s 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. Following the completion of the sale, the insider now directly owns 70,161 shares of the company’s stock, valued at approximately $797,730.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.85% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its position in SunCoke Energy by 1,463.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 19,230 shares of the energy company’s stock valued at $231,000 after purchasing an additional 18,000 shares in the last quarter. GSA Capital Partners LLP raised its position in SunCoke Energy by 112.1% during the 3rd quarter. GSA Capital Partners LLP now owns 77,968 shares of the energy company’s stock valued at $713,000 after purchasing an additional 41,204 shares in the last quarter. Engineers Gate Manager LP bought a new stake in SunCoke Energy during the 3rd quarter valued at $331,000. Pinebridge Investments L.P. raised its position in SunCoke Energy by 768.2% during the 3rd quarter. Pinebridge Investments L.P. now owns 73,554 shares of the energy company’s stock valued at $672,000 after purchasing an additional 65,082 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in SunCoke Energy by 2.3% during the 3rd quarter. Wells Fargo & Company MN now owns 552,012 shares of the energy company’s stock valued at $5,047,000 after purchasing an additional 12,212 shares in the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.
About SunCoke Energy
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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