Zacks Investment Research upgraded shares of SunCoke Energy (NYSE:SXC) from a hold rating to a buy rating in a research note issued to investors on Friday, February 9th. They currently have $11.00 price objective on the energy company’s stock.
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. “
A number of other equities research analysts have also weighed in on the company. Clarkson Capital upgraded SunCoke Energy from a neutral rating to a buy rating in a research note on Friday, February 9th. B. Riley restated a buy rating on shares of SunCoke Energy in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. SunCoke Energy currently has a consensus rating of Buy and a consensus price target of $11.00.
SunCoke Energy (NYSE:SXC) last announced its earnings results on Wednesday, January 31st. The energy company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). The firm had revenue of $359.60 million during the quarter, compared to the consensus estimate of $353.60 million. SunCoke Energy had a return on equity of 3.13% and a net margin of 9.19%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. equities analysts predict that SunCoke Energy will post 0.12 EPS for the current fiscal year.
In other news, insider Phillip Michael Hardesty sold 4,444 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $11.37, for a total transaction of $50,528.28. Following the sale, the insider now owns 70,161 shares in the company, valued at $797,730.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.85% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new stake in SunCoke Energy in the third quarter valued at approximately $617,000. GSA Capital Partners LLP boosted its position in SunCoke Energy by 112.1% in the third quarter. GSA Capital Partners LLP now owns 77,968 shares of the energy company’s stock valued at $713,000 after buying an additional 41,204 shares during the last quarter. Stevens Capital Management LP purchased a new stake in SunCoke Energy in the third quarter valued at approximately $456,000. Engineers Gate Manager LP purchased a new stake in SunCoke Energy in the third quarter valued at approximately $331,000. Finally, Prudential Financial Inc. boosted its position in SunCoke Energy by 5.3% in the third quarter. Prudential Financial Inc. now owns 442,840 shares of the energy company’s stock valued at $4,047,000 after buying an additional 22,290 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.
SunCoke Energy Company Profile
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.
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