SunCoke Energy (SXC) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of SunCoke Energy (NYSE:SXC) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Several other brokerages have also issued reports on SXC. Zacks Investment Research lowered SunCoke Energy from a strong-buy rating to a hold rating in a research report on Wednesday, December 27th. B. Riley boosted their target price on SunCoke Energy from $14.00 to $15.00 and gave the company a buy rating in a research report on Tuesday, March 6th. Clarkson Capital upgraded SunCoke Energy from a neutral rating to a buy rating in a research report on Friday, February 9th. Finally, Seaport Global Securities initiated coverage on SunCoke Energy in a research report on Tuesday, April 3rd. They set a buy rating and a $13.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $13.00.

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Shares of NYSE:SXC opened at $10.53 on Friday. SunCoke Energy has a 1 year low of $7.66 and a 1 year high of $13.43. The company has a market cap of $679.64, a price-to-earnings ratio of 39.00 and a beta of 1.13. The company has a quick ratio of 1.12, a current ratio of 1.74 and a debt-to-equity ratio of 1.31.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Wednesday, January 31st. The energy company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). SunCoke Energy had a net margin of 9.19% and a return on equity of 3.13%. The business had revenue of $359.60 million for the quarter, compared to analysts’ expectations of $353.60 million. During the same quarter last year, the firm earned $0.26 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. analysts anticipate that SunCoke Energy will post 0.29 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Alambic Investment Management L.P. bought a new stake in shares of SunCoke Energy during the fourth quarter valued at approximately $133,000. Stone Ridge Asset Management LLC bought a new stake in shares of SunCoke Energy during the fourth quarter valued at approximately $170,000. Koch Industries Inc. bought a new stake in shares of SunCoke Energy during the fourth quarter valued at approximately $175,000. Virtu Financial LLC bought a new stake in shares of SunCoke Energy during the fourth quarter valued at approximately $197,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of SunCoke Energy by 1,463.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 19,230 shares of the energy company’s stock valued at $231,000 after acquiring an additional 18,000 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

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About SunCoke Energy

SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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