Zacks Investment Research cut shares of SunCoke Energy, Inc. (NYSE:SXC) from a hold rating to a sell rating in a research note published on Tuesday morning.
According to Zacks, “SunCoke Energy, Inc is a producer of metallurgical coke in the Americas. The Company acquires, owns, and operates the coke making and coal mining operations. Its coke making facilities are in the United States and Brazil. “
Separately, FBR & Co reiterated an outperform rating and issued a $11.00 price target (up from $9.00) on shares of SunCoke Energy in a research note on Friday, October 21st.
SunCoke Energy (NYSE:SXC) opened at 9.09 on Tuesday. The stock has a market capitalization of $583.84 million, a PE ratio of 41.32 and a beta of 1.22. The stock’s 50 day moving average price is $10.92 and its 200-day moving average price is $9.26. SunCoke Energy has a 52-week low of $2.90 and a 52-week high of $13.14.
SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.04. SunCoke Energy had a net margin of 1.18% and a return on equity of 3.51%. The business earned $325.60 million during the quarter, compared to analysts’ expectations of $456.90 million. During the same quarter last year, the business posted $0.30 earnings per share. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. On average, equities analysts expect that SunCoke Energy will post ($0.01) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. raised its position in shares of SunCoke Energy by 1.5% in the third quarter. Eqis Capital Management Inc. now owns 15,063 shares of the company’s stock worth $121,000 after buying an additional 224 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of SunCoke Energy by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 14,190 shares of the company’s stock worth $114,000 after buying an additional 240 shares in the last quarter. Smith Asset Management Group LP raised its position in shares of SunCoke Energy by 2.7% in the third quarter. Smith Asset Management Group LP now owns 16,150 shares of the company’s stock worth $130,000 after buying an additional 420 shares in the last quarter. Arizona State Retirement System raised its position in shares of SunCoke Energy by 1.5% in the second quarter. Arizona State Retirement System now owns 33,330 shares of the company’s stock worth $194,000 after buying an additional 500 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of SunCoke Energy by 2.2% in the second quarter. Thrivent Financial for Lutherans now owns 30,757 shares of the company’s stock worth $179,000 after buying an additional 660 shares in the last quarter. 84.41% of the stock is currently owned by institutional investors and hedge funds.
SunCoke Energy Company Profile
SunCoke Energy, Inc is an independent producer of coke in the Americas. The Company also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s segments include Domestic Coke, Brazil Coke, India Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell, Indiana Harbor, Haverhill, Granite City and Middletown cokemaking and heat recovery operations located in Vansant, Virginia; East Chicago, Indiana; Franklin Furnace, Ohio; Granite City, Illinois, and Middletown, Ohio, respectively.
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