SunCoke Energy’s (SXC) “Buy” Rating Reaffirmed at Benchmark

Benchmark restated their buy rating on shares of SunCoke Energy (NYSE:SXC) in a research note released on Tuesday,Benzinga reports. They currently have a $13.00 price target on the energy company’s stock.

Separately, StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

SunCoke Energy Stock Performance

Shares of NYSE:SXC opened at $12.33 on Tuesday. SunCoke Energy has a 1 year low of $7.47 and a 1 year high of $12.50. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27. The business’s 50 day moving average price is $8.72 and its 200-day moving average price is $9.54. The firm has a market capitalization of $1.04 billion, a PE ratio of 12.33 and a beta of 1.02.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.14. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The company had revenue of $490.10 million during the quarter, compared to analysts’ expectations of $412.70 million. During the same quarter in the prior year, the company earned $0.08 EPS. SunCoke Energy’s revenue was down 5.8% compared to the same quarter last year. As a group, equities research analysts expect that SunCoke Energy will post 0.94 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.48 annualized dividend and a yield of 3.89%. SunCoke Energy’s payout ratio is 48.00%.

Institutional Trading of SunCoke Energy

Institutional investors have recently made changes to their positions in the company. nVerses Capital LLC grew its position in SunCoke Energy by 488.9% in the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after acquiring an additional 4,400 shares during the period. Innealta Capital LLC acquired a new stake in shares of SunCoke Energy during the 2nd quarter worth about $70,000. Optas LLC purchased a new stake in SunCoke Energy in the 3rd quarter valued at about $88,000. Algert Global LLC acquired a new position in SunCoke Energy in the second quarter valued at about $107,000. Finally, Retirement Investment Advisors Inc. purchased a new position in SunCoke Energy during the second quarter worth about $110,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.

About SunCoke Energy

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. 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.