SunCoke Energy (NYSE:SXC) Stock Rating Upgraded by Zacks Investment Research

SunCoke Energy (NYSE:SXC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

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 raised their price target on shares of SunCoke Energy from $7.00 to $8.00 in a research note on Tuesday, August 4th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. SunCoke Energy presently has an average rating of “Hold” and a consensus target price of $7.25.

Shares of SXC stock traded up $0.10 during trading hours on Wednesday, hitting $3.48. 1,378 shares of the company were exchanged, compared to its average volume of 924,243. The firm has a fifty day simple moving average of $3.32 and a 200 day simple moving average of $3.31. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 1.49. SunCoke Energy has a 52-week low of $2.33 and a 52-week high of $7.32. The stock has a market capitalization of $279.76 million, a price-to-earnings ratio of -2.02 and a beta of 0.90.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Monday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.16. SunCoke Energy had a negative net margin of 10.05% and a positive return on equity of 4.17%. The company had revenue of $338.00 million during the quarter, compared to analyst estimates of $335.80 million. Sell-side analysts anticipate that SunCoke Energy will post 0.05 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank boosted its holdings in SunCoke Energy by 4.3% in the 2nd quarter. Comerica Bank now owns 87,190 shares of the energy company’s stock worth $271,000 after buying an additional 3,564 shares during the period. First Trust Advisors LP boosted its holdings in SunCoke Energy by 2.6% in the 2nd quarter. First Trust Advisors LP now owns 165,944 shares of the energy company’s stock worth $491,000 after buying an additional 4,271 shares during the period. PNC Financial Services Group Inc. boosted its holdings in SunCoke Energy by 113.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,011 shares of the energy company’s stock worth $35,000 after buying an additional 4,782 shares during the period. SG Americas Securities LLC boosted its holdings in SunCoke Energy by 28.9% in the 1st quarter. SG Americas Securities LLC now owns 29,533 shares of the energy company’s stock worth $114,000 after buying an additional 6,617 shares during the period. Finally, Rhumbline Advisers boosted its holdings in SunCoke Energy by 2.8% in the 1st quarter. Rhumbline Advisers now owns 288,941 shares of the energy company’s stock worth $1,112,000 after buying an additional 7,754 shares during the period. 84.07% 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.

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