SunCoke Energy (NYSE:SXC) Cut to “Hold” at StockNews.com

SunCoke Energy (NYSE:SXC) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

SunCoke Energy Stock Up 2.5 %

SunCoke Energy stock traded up $0.21 during mid-day trading on Friday, reaching $8.68. 695,465 shares of the company were exchanged, compared to its average volume of 864,051. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.19 and a current ratio of 2.22. The firm has a market cap of $729.90 million, a P/E ratio of 12.23 and a beta of 1.04. The business has a fifty day moving average of $8.97 and a 200 day moving average of $9.92. SunCoke Energy has a 12-month low of $7.47 and a 12-month high of $11.85.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $470.90 million for the quarter, compared to the consensus estimate of $410.35 million. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 earnings per share. Research analysts anticipate that SunCoke Energy will post 0.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SunCoke Energy

Large investors have recently made changes to their positions in the business. Innealta Capital LLC purchased a new position in SunCoke Energy during the 2nd quarter worth $70,000. Algert Global LLC purchased a new stake in shares of SunCoke Energy during the second quarter worth about $107,000. Retirement Investment Advisors Inc. acquired a new position in shares of SunCoke Energy during the second quarter valued at about $110,000. Beacon Bridge Wealth Partners LLC purchased a new position in shares of SunCoke Energy in the 2nd quarter valued at approximately $111,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in SunCoke Energy in the 1st quarter worth approximately $174,000. 90.45% of the stock is owned by institutional investors and hedge funds.

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.