SunCoke Energy (NYSE:SXC) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of SunCoke Energy (NYSE:SXC) from a buy rating to a hold rating in a report issued on Monday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, October 6th. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat, SunCoke Energy has a consensus rating of “Hold” and a consensus target price of $9.00.

SunCoke Energy Price Performance

SXC stock opened at $9.87 on Monday. The company has a fifty day moving average price of $9.85 and a 200-day moving average price of $8.71. The company has a market capitalization of $837.34 million, a P/E ratio of -15.41 and a beta of 1.01. SunCoke Energy has a 52-week low of $5.51 and a 52-week high of $10.68. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 2.25.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, July 30th. The energy company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. The company had revenue of $475.30 million for the quarter, compared to analysts’ expectations of $445.20 million. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. SunCoke Energy’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 earnings per share. As a group, equities analysts expect that SunCoke Energy will post 0.32 EPS for the current year.

SunCoke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th were given a dividend of $0.12 per share. The ex-dividend date was Monday, August 17th. This represents a $0.48 annualized dividend and a dividend yield of 4.9%. SunCoke Energy’s dividend payout ratio is -75.00%.

Hedge Funds Weigh In On SunCoke Energy

A number of hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in SunCoke Energy by 193.3% in the third quarter. Nisa Investment Advisors LLC now owns 11,288 shares of the energy company’s stock valued at $106,000 after buying an additional 7,440 shares during the period. CWA Asset Management Group LLC boosted its holdings in shares of SunCoke Energy by 14.3% during the 3rd quarter. CWA Asset Management Group LLC now owns 291,253 shares of the energy company’s stock worth $2,747,000 after buying an additional 36,422 shares in the last quarter. Fortitude Family Office LLC grew its position in shares of SunCoke Energy by 9,788.5% during the 3rd quarter. Fortitude Family Office LLC now owns 6,032 shares of the energy company’s stock worth $57,000 after buying an additional 5,971 shares during the period. Farther Finance Advisors LLC grew its position in shares of SunCoke Energy by 30.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,050 shares of the energy company’s stock worth $57,000 after buying an additional 1,405 shares during the period. Finally, Engineers Gate Manager LP grew its position in shares of SunCoke Energy by 40.4% during the 2nd quarter. Engineers Gate Manager LP now owns 141,958 shares of the energy company’s stock worth $1,143,000 after buying an additional 40,837 shares during the period. Institutional investors own 90.45% of the company’s stock.

About SunCoke Energy

SunCoke Energy, Inc (NYSE:SXC) is a producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company converts coal into coke through high-temperature processing and captures the resulting heat to generate energy, which can support its facilities and be sold to customers.

SunCoke operates coke-making facilities and related coal-handling, storage and logistics assets, primarily serving integrated steel producers in the United States. Its operations are designed to provide customers with a consistent supply of coke while also generating electricity and recovering other byproducts from the coke-production process.

The company was separated from Sunoco and became a publicly traded company in 2011.