SunCoke Energy (NYSE:SXC) Stock Rating Upgraded 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 the upgrades, the overall analyst consensus remains “Hold,” with a $9.00 price target.
• SunCoke shares opened at $9.80, compared with a 52-week range of $5.51 to $10.68. The company reported quarterly earnings of $0.15 per share, beating estimates of $0.08, while revenue rose 9.5% year over year to $475.3 million.
• Institutional investors own 90.45% of the stock, with several funds adding positions recently. SunCoke produces metallurgical coke and generates energy for steelmaking customers through its coke-processing operations.

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 research note issued on Tuesday, Wall Street Zen reports.

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

SunCoke Energy Stock Performance

Shares of SXC stock opened at $9.80 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 2.25. The firm has a market cap of $832.08 million, a price-to-earnings ratio of -15.32 and a beta of 1.01. The firm's 50-day simple moving average is $9.86 and its two-hundred day simple moving average is $8.23. 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 quarterly earnings data on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. The business 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 firm earned $0.02 earnings per share. As a group, equities analysts forecast that SunCoke Energy will post 0.32 earnings per share for the current year.

Institutional Trading of SunCoke Energy

A number of hedge funds have recently bought and sold shares of SXC. IFP Advisors Inc raised its stake in SunCoke Energy by 126.3% during the 2nd quarter. IFP Advisors Inc now owns 3,259 shares of the energy company's stock worth $26,000 after acquiring an additional 1,819 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of SunCoke Energy during the 2nd quarter valued at approximately $29,000. Freestone Grove Partners LP bought a new position in SunCoke Energy during the second quarter valued at $29,000. Integrated Wealth Concepts LLC bought a new position in shares of SunCoke Energy in the 2nd quarter valued at about $45,000. Finally, Fortitude Family Office LLC lifted its stake in shares of SunCoke Energy by 9,788.5% in the 3rd quarter. Fortitude Family Office LLC now owns 6,032 shares of the energy company's stock valued at $57,000 after purchasing an additional 5,971 shares during the last quarter. Hedge funds and other institutional investors 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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