SunCoke Energy (NYSE:SXC) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded SunCoke Energy from “buy” to “hold,” while Weiss Ratings separately upgraded it from “sell” to “hold.” Analysts’ consensus is “Hold,” with an average price target of $9.00.
• SunCoke shares opened at $10.25, near their 52-week high of $10.68. The company reported quarterly EPS of $0.15, beating estimates of $0.08, while revenue rose 9.5% year over year to $475.3 million.
• Institutional investors own approximately 90.45% of SunCoke’s shares, with several firms recently increasing their positions.

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

Separately, Weiss Ratings raised SunCoke Energy from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, October 6th. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, SunCoke Energy presently has an average rating of "Hold" and an average target price of $9.00.

SunCoke Energy Trading Up 0.0%

Shares of SXC stock opened at $10.25 on Monday. The firm's 50-day simple moving average is $9.81 and its 200-day simple moving average is $8.64. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.25 and a quick ratio of 1.37. SunCoke Energy has a 1-year low of $5.51 and a 1-year high of $10.68. The firm has a market cap of $870.36 million, a P/E ratio of -16.02 and a beta of 1.01.

SunCoke Energy (NYSE:SXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share 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 analyst estimates of $445.20 million. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. SunCoke Energy's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business earned $0.02 EPS. As a group, equities analysts forecast that SunCoke Energy will post 0.32 EPS for the current year.

Institutional Investors Weigh In On SunCoke Energy

Institutional investors have recently bought and sold shares of the business. Fortitude Family Office LLC lifted its position in SunCoke Energy by 9,788.5% during the 3rd quarter. Fortitude Family Office LLC now owns 6,032 shares of the energy company's stock worth $57,000 after acquiring an additional 5,971 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in SunCoke Energy by 30.2% in 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 boosted its holdings in SunCoke Energy by 40.4% in the 2nd quarter. Engineers Gate Manager LP now owns 141,958 shares of the energy company's stock worth $1,143,000 after acquiring an additional 40,837 shares during the period. Integrated Wealth Concepts LLC purchased a new position in SunCoke Energy in the 2nd quarter worth approximately $45,000. Finally, IFP Advisors Inc grew its position in 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 acquiring an additional 1,819 shares in the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Company Profile

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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