SunCoke Energy (SXC) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of SunCoke Energy (NYSE:SXC) from a hold rating to a buy rating in a research note issued to investors on Saturday. The brokerage currently has $12.00 price target 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. “

NYSE:SXC opened at $11.16 on Friday. SunCoke Energy has a 52 week low of $9.38 and a 52 week high of $14.32. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.65 and a quick ratio of 1.13. The company has a market cap of $720.65 million, a P/E ratio of 39.86 and a beta of 0.95.



SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, October 25th. The energy company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.17. SunCoke Energy had a net margin of 10.99% and a return on equity of 5.00%. The company had revenue of $364.50 million during the quarter, compared to analysts’ expectations of $330.25 million. As a group, equities analysts anticipate that SunCoke Energy will post 0.28 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in shares of SunCoke Energy by 1.7% in the first quarter. Wells Fargo & Company MN now owns 503,417 shares of the energy company’s stock worth $5,417,000 after buying an additional 8,221 shares during the last quarter. BlackRock Inc. raised its holdings in shares of SunCoke Energy by 0.8% in the first quarter. BlackRock Inc. now owns 8,509,105 shares of the energy company’s stock worth $91,557,000 after buying an additional 64,109 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of SunCoke Energy in the first quarter worth $175,000. Hartford Investment Management Co. purchased a new position in shares of SunCoke Energy in the second quarter worth $301,000. Finally, Acadian Asset Management LLC raised its holdings in shares of SunCoke Energy by 203.0% in the second quarter. Acadian Asset Management LLC now owns 404,181 shares of the energy company’s stock worth $5,417,000 after buying an additional 270,776 shares during the last quarter. 89.22% of the stock is owned by institutional investors.

About SunCoke Energy

SunCoke Energy, Inc operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.

Further Reading: Return on Equity (ROE)

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