SunCoke Energy (NYSE:SXC) Stock Bumped Down to Hold by Wall Street Zen

Key Points

• Wall Street Zen downgraded SunCoke Energy from “buy” to “hold.” The analyst consensus is also “hold,” with an average price target of $11.
• SunCoke reported quarterly EPS of $0.25, beating the $0.11 estimate, and revenue of $485.9 million, above expectations. Revenue was down 0.2% year over year.
• The stock was reported down 3.9%, opening at $10.76; its 52-week range was $5.51 to $11.60.

SunCoke Energy (NYSE:SXC - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday, Wall Street Zen reports.

A number of other research analysts also recently commented on the stock. Weiss Ratings raised shares of SunCoke Energy from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, October 6th. B. Riley Financial upped their target price on shares of SunCoke Energy from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Monday. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $11.00.

SunCoke Energy Trading Down 3.9%

SunCoke Energy stock opened at $10.76 on Wednesday. The firm has a 50-day moving average of $10.03 and a 200-day moving average of $8.32. SunCoke Energy has a one year low of $5.51 and a one year high of $11.60. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.03 and a quick ratio of 1.26. The company has a market cap of $912.88 million, a price-to-earnings ratio of -16.55 and a beta of 0.94.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The energy company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.14. SunCoke Energy had a positive return on equity of 5.68% and a negative net margin of 2.91%. The firm had revenue of $485.90 million for the quarter, compared to analyst estimates of $456.55 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The business's quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts expect that SunCoke Energy will post 0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SunCoke Energy

Several hedge funds have recently added to or reduced their stakes in SXC. Farther Finance Advisors LLC boosted its position in SunCoke Energy by 30.2% during the third quarter. Farther Finance Advisors LLC now owns 6,050 shares of the energy company's stock worth $57,000 after purchasing an additional 1,405 shares during the period. Royal Bank of Canada raised its position in shares of SunCoke Energy by 20.3% in the first quarter. Royal Bank of Canada now owns 8,437 shares of the energy company's stock valued at $55,000 after purchasing an additional 1,422 shares during the period. IFP Advisors Inc raised its position in shares of SunCoke Energy by 126.3% in the second quarter. IFP Advisors Inc now owns 3,259 shares of the energy company's stock valued at $26,000 after purchasing an additional 1,819 shares during the period. Squarepoint Ops LLC lifted its stake in shares of SunCoke Energy by 0.6% during the 2nd quarter. Squarepoint Ops LLC now owns 487,204 shares of the energy company's stock worth $3,922,000 after buying an additional 3,007 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of SunCoke Energy during the 2nd quarter worth about $29,000. Institutional investors and hedge funds 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.

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