SunCoke Energy (NYSE:SXC) Stock Bumped Up to Buy by Wall Street Zen

Key Points

• Wall Street Zen upgraded SunCoke Energy from “hold” to “buy,” while Weiss Ratings moved the stock from “sell” to “hold.” Despite these changes, analysts’ average rating remains “Hold,” with a consensus price target of $9.00.
• SunCoke Energy reported quarterly EPS of $0.15, beating the $0.08 consensus estimate, while revenue of $475.3 million exceeded expectations and rose 9.5% year over year.
• SXC opened at $9.95, near its 52-week high of $10.68, and institutional investors own approximately 90.45% of the company’s outstanding shares.

SunCoke Energy (NYSE:SXC - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings raised shares of SunCoke Energy from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $9.00.

SunCoke Energy Price Performance

NYSE SXC opened at $9.95 on Friday. The company has a 50 day simple moving average of $9.71 and a 200-day simple moving average of $8.49. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.25 and a quick ratio of 1.37. The firm has a market capitalization of $844.81 million, a price-to-earnings ratio of -15.55 and a beta of 1.01. SunCoke Energy has a 52-week low of $5.51 and a 52-week high of $10.68.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.07. The company had revenue of $475.30 million for the quarter, compared to the consensus estimate of $445.20 million. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. The company's revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 EPS. Equities research analysts predict that SunCoke Energy will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of SunCoke Energy

Several institutional investors and hedge funds have recently bought and sold shares of SXC. Farther Finance Advisors LLC boosted its stake in shares of SunCoke Energy by 30.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,050 shares of the energy company's stock worth $57,000 after acquiring an additional 1,405 shares during the period. Engineers Gate Manager LP increased its holdings in shares of SunCoke Energy by 40.4% in the second quarter. Engineers Gate Manager LP now owns 141,958 shares of the energy company's stock valued at $1,143,000 after purchasing an additional 40,837 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of SunCoke Energy in the second quarter valued at $45,000. 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. Finally, Squarepoint Ops LLC raised its position in shares of SunCoke Energy by 0.6% in the second quarter. Squarepoint Ops LLC now owns 487,204 shares of the energy company's stock valued at $3,922,000 after purchasing an additional 3,007 shares during the period. Institutional investors own 90.45% of the company's stock.

About SunCoke Energy

SunCoke Energy, Inc is an independent producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company operates cokemaking facilities in the United States and supplies coke primarily to integrated steel producers under long-term commercial arrangements.

SunCoke's operations use coal as a raw material and employ heat-recovery technology that captures energy generated during the cokemaking process to produce electricity. In addition to coke production, the company provides coal-handling, storage, transloading and terminal services through its logistics operations, supporting the movement of coal and other bulk materials for industrial customers.

SunCoke Energy was formed from the cokemaking operations of Sunoco and became an independent, publicly traded company in 2012.

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