SunCoke Energy's (SXC) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• SunCoke Energy's stock maintained a "hold (C)" rating issued by Weiss Ratings, indicating a cautious outlook from analysts.
• Despite reporting a 0.02 EPS, which missed the consensus estimate of $0.15, SunCoke's revenue of $434.1 million surpassed expectations and was only down 7.8% year-over-year.
• Institutional investors own 90.45% of SunCoke Energy's stock, with significant increases in stakes from major investors like LSV Asset Management and Bank of America Corp DE.

SunCoke Energy (NYSE:SXC - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

SunCoke Energy Stock Up 0.9%

SXC stock traded up $0.08 during trading on Wednesday, hitting $8.51. 831,569 shares of the company's stock were exchanged, compared to its average volume of 823,174. The company has a current ratio of 2.61, a quick ratio of 1.45 and a debt-to-equity ratio of 0.70. SunCoke Energy has a 52-week low of $7.18 and a 52-week high of $12.82. The business has a 50-day moving average price of $7.80 and a two-hundred day moving average price of $8.37. The stock has a market capitalization of $720.54 million, a price-to-earnings ratio of 9.90 and a beta of 1.07.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.13). SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The company had revenue of $434.10 million for the quarter, compared to analysts' expectations of $348.05 million. During the same quarter last year, the company earned $0.25 EPS. SunCoke Energy's revenue for the quarter was down 7.8% compared to the same quarter last year. As a group, equities research analysts expect that SunCoke Energy will post 0.71 EPS for the current year.

Institutional Trading of SunCoke Energy

Large investors have recently bought and sold shares of the company. LSV Asset Management boosted its stake in shares of SunCoke Energy by 35.1% during the first quarter. LSV Asset Management now owns 2,994,312 shares of the energy company's stock valued at $27,548,000 after acquiring an additional 777,807 shares during the last quarter. Invesco Ltd. boosted its stake in shares of SunCoke Energy by 72.0% during the second quarter. Invesco Ltd. now owns 1,445,764 shares of the energy company's stock valued at $12,419,000 after acquiring an additional 605,366 shares during the last quarter. Norges Bank acquired a new stake in shares of SunCoke Energy during the second quarter valued at $4,579,000. Bank of America Corp DE boosted its stake in shares of SunCoke Energy by 90.6% during the second quarter. Bank of America Corp DE now owns 774,212 shares of the energy company's stock valued at $6,650,000 after acquiring an additional 368,065 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in SunCoke Energy by 58.4% during the first quarter. Cubist Systematic Strategies LLC now owns 860,970 shares of the energy company's stock worth $7,921,000 after buying an additional 317,502 shares during the period. Institutional investors and hedge funds own 90.45% of the company's stock.

SunCoke Energy Company Profile

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.

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