SunCoke Energy (NYSE:SXC) Rating Lowered to Buy at StockNews.com

SunCoke Energy (NYSE:SXC) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Separately, Benchmark restated a “buy” rating and set a $12.00 price objective on shares of SunCoke Energy in a report on Thursday, May 2nd.

SunCoke Energy Price Performance

Shares of SXC opened at $10.22 on Thursday. The company has a 50 day moving average of $10.11 and a two-hundred day moving average of $10.57. The company has a market cap of $859.20 million, a price-to-earnings ratio of 14.39 and a beta of 1.09. The company has a quick ratio of 1.16, a current ratio of 2.06 and a debt-to-equity ratio of 0.75. SunCoke Energy has a twelve month low of $7.67 and a twelve month high of $11.48.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. SunCoke Energy had a return on equity of 9.48% and a net margin of 2.97%. The firm had revenue of $488.40 million during the quarter, compared to analysts’ expectations of $549.40 million. During the same quarter last year, the firm earned $0.19 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. As a group, analysts predict that SunCoke Energy will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SunCoke Energy news, CTO John F. Quanci sold 4,532 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $10.67, for a total transaction of $48,356.44. Following the sale, the chief technology officer now owns 19,922 shares in the company, valued at approximately $212,567.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.73% of the stock is currently owned by company insiders.

Institutional Trading of SunCoke Energy

Several institutional investors and hedge funds have recently bought and sold shares of SXC. SummerHaven Investment Management LLC grew its holdings in SunCoke Energy by 1.2% during the fourth quarter. SummerHaven Investment Management LLC now owns 90,161 shares of the energy company’s stock worth $968,000 after acquiring an additional 1,106 shares during the period. ProShare Advisors LLC increased its holdings in shares of SunCoke Energy by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock valued at $190,000 after purchasing an additional 1,158 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of SunCoke Energy by 13.1% in the 4th quarter. Mackenzie Financial Corp now owns 16,643 shares of the energy company’s stock valued at $179,000 after purchasing an additional 1,932 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in SunCoke Energy by 2.6% during the first quarter. Public Employees Retirement System of Ohio now owns 99,682 shares of the energy company’s stock worth $1,123,000 after buying an additional 2,539 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in SunCoke Energy in the fourth quarter valued at $31,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

About SunCoke Energy

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.