SunCoke Energy (NYSE:SXC) Rating Increased to Buy at Zacks Investment Research

SunCoke Energy (NYSE:SXC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports. The brokerage currently has a $9.50 price target on the energy company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 8.32% from the stock’s current price.

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, ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th.



SXC opened at $8.77 on Friday. SunCoke Energy has a 12-month low of $7.29 and a 12-month high of $13.96. The company has a quick ratio of 1.08, a current ratio of 1.78 and a debt-to-equity ratio of 1.21. The stock’s fifty day moving average price is $8.00. The company has a market cap of $557.27 million, a P/E ratio of 21.93 and a beta of 1.24.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Wednesday, April 24th. The energy company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $391.30 million for the quarter, compared to the consensus estimate of $357.85 million. SunCoke Energy had a return on equity of 4.01% and a net margin of 1.83%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 EPS. On average, equities analysts forecast that SunCoke Energy will post 0.72 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. purchased a new stake in SunCoke Energy in the first quarter valued at about $26,000. Bank of Montreal Can raised its stake in SunCoke Energy by 31.2% in the first quarter. Bank of Montreal Can now owns 6,521 shares of the energy company’s stock valued at $55,000 after buying an additional 1,552 shares during the last quarter. Quantamental Technologies LLC raised its stake in SunCoke Energy by 1,354.8% in the first quarter. Quantamental Technologies LLC now owns 6,765 shares of the energy company’s stock valued at $57,000 after buying an additional 6,300 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in SunCoke Energy by 1,779.2% in the first quarter. BNP Paribas Arbitrage SA now owns 14,263 shares of the energy company’s stock valued at $121,000 after buying an additional 13,504 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in SunCoke Energy in the first quarter valued at about $163,000. Institutional investors own 93.32% of the company’s stock.

SunCoke Energy Company Profile

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.

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