SunCoke Energy (NYSE:SXC) Stock Rating Lowered by Wall Street Zen

SunCoke Energy (NYSE:SXC) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of SunCoke Energy in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $9.00.

SunCoke Energy Price Performance

Shares of SXC stock opened at $9.88 on Friday. The stock’s fifty day simple moving average is $9.61 and its 200 day simple moving average is $8.37. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.25 and a quick ratio of 1.37. The firm has a market cap of $838.95 million, a price-to-earnings ratio of -15.44 and a beta of 1.01. SunCoke Energy has a one year low of $5.51 and a one year high of $10.68.

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

Institutional Trading of SunCoke Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in SXC. BlackRock Inc. bought a new stake in SunCoke Energy during the 2nd quarter worth about $72,643,000. Dimensional Fund Advisors LP lifted its position in shares of SunCoke Energy by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 5,410,182 shares of the energy company’s stock worth $35,222,000 after purchasing an additional 68,996 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of SunCoke Energy during the second quarter valued at approximately $7,359,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of SunCoke Energy in the second quarter valued at approximately $6,614,000. Finally, Readystate Asset Management LP bought a new position in SunCoke Energy in the 2nd quarter worth approximately $5,038,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Company Profile

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.