SunCoke Energy (NYSE:SXC) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of SunCoke Energy (NYSE:SXC) from a hold rating to a buy rating in a research note released on Saturday.

Separately, Weiss Ratings raised shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $9.00.

SunCoke Energy Price Performance

SXC opened at $9.38 on Friday. The business has a fifty day moving average of $8.71 and a 200 day moving average of $7.62. The stock has a market cap of $795.83 million, a P/E ratio of -14.65 and a beta of 0.98. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07. SunCoke Energy has a 52-week low of $5.51 and a 52-week high of $9.92.

SunCoke Energy (NYSE:SXC) last released its earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The business had revenue of $475.30 million for the quarter, compared to analyst estimates of $445.20 million. During the same quarter last year, the firm posted $0.02 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that SunCoke Energy will post 0.32 EPS for the current year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.48 annualized dividend and a yield of 5.1%. SunCoke Energy’s dividend payout ratio is -75.00%.

Institutional Investors Weigh In On SunCoke Energy

A number of institutional investors and hedge funds have recently bought and sold shares of SXC. EverSource Wealth Advisors LLC increased its stake in shares of SunCoke Energy by 544.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock valued at $26,000 after buying an additional 2,528 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of SunCoke Energy in the second quarter valued at about $29,000. Farther Finance Advisors LLC lifted its stake in SunCoke Energy by 69.4% in the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock worth $28,000 after acquiring an additional 1,569 shares during the period. Signaturefd LLC lifted its stake in SunCoke Energy by 44.9% in the fourth quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,318 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in SunCoke Energy by 176.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock worth $48,000 after acquiring an additional 3,582 shares in the last quarter. 90.45% of the stock is owned by institutional investors.

About SunCoke Energy

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high?quality, low?sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.