SunCoke Energy (SXC) Upgraded at Zacks Investment Research

SunCoke Energy (NYSE:SXC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a $11.00 target price on the energy company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.02% from the company’s previous close.

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. “

Other equities analysts also recently issued reports about the stock. Clarkson Capital upgraded shares of SunCoke Energy from a “neutral” rating to a “buy” rating in a research note on Friday. B. Riley restated a “buy” rating on shares of SunCoke Energy in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $11.00.

SunCoke Energy (NYSE:SXC) traded up $0.39 during trading hours on Friday, hitting $9.82. 637,514 shares of the company’s stock traded hands, compared to its average volume of 847,989. SunCoke Energy has a 12-month low of $7.66 and a 12-month high of $13.43. The firm has a market capitalization of $644.85, a P/E ratio of 5.25 and a beta of 1.16. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.12 and a current ratio of 1.74.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Wednesday, January 31st. The energy company reported $0.14 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 company had revenue of $359.60 million during the quarter, compared to analyst estimates of $353.60 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. SunCoke Energy’s revenue for the quarter was up 10.4% on a year-over-year basis. equities research analysts expect that SunCoke Energy will post 0.12 earnings per share for the current year.

In related news, insider Phillip Michael Hardesty sold 4,444 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $11.37, for a total value of $50,528.28. Following the transaction, the insider now directly owns 70,161 shares in the company, valued at $797,730.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.85% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Alambic Investment Management L.P. acquired a new position in shares of SunCoke Energy in the fourth quarter valued at about $133,000. Fox Run Management L.L.C. acquired a new position in shares of SunCoke Energy in the third quarter valued at about $124,000. Piedmont Investment Advisors LLC acquired a new position in shares of SunCoke Energy in the second quarter valued at about $152,000. Quantbot Technologies LP acquired a new position in shares of SunCoke Energy in the third quarter valued at about $142,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of SunCoke Energy in the third quarter valued at about $155,000. Institutional investors and hedge funds own 91.34% of the company’s stock.

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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.

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