SunCoke Energy (SXC) Rating Increased to Buy at Clarkson Capital

SunCoke Energy (NYSE:SXC) was upgraded by equities research analysts at Clarkson Capital from a “neutral” rating to a “buy” rating in a research report issued on Friday, MarketBeat reports.

Several other analysts have also recently issued reports on the company. Zacks Investment Research cut SunCoke Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. B. Riley reaffirmed a “buy” rating on shares of SunCoke Energy in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating and three have given a buy rating to the company. SunCoke Energy presently has a consensus rating of “Buy” and a consensus price target of $11.00.

Shares of SunCoke Energy (NYSE SXC) traded up $0.41 during midday trading on Friday, reaching $9.84. The company’s stock had a trading volume of 1,023,674 shares, compared to its average volume of 832,803. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.74 and a quick ratio of 1.12. The company has a market cap of $660.79, a PE ratio of 5.26 and a beta of 1.16. SunCoke Energy has a 1-year low of $7.66 and a 1-year high of $13.43.

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 consensus estimate of $0.16 by ($0.02). The company had revenue of $359.60 million for the quarter, compared to the consensus estimate of $353.60 million. SunCoke Energy had a net margin of 9.19% and a return on equity of 3.13%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. analysts forecast that SunCoke Energy will post 0.12 EPS for the current year.

In other news, insider Phillip Michael Hardesty sold 4,444 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $11.37, for a total transaction of $50,528.28. Following the completion of the sale, the insider now owns 70,161 shares in the company, valued at approximately $797,730.57. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.85% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of SXC. Fox Run Management L.L.C. purchased a new stake in shares of SunCoke Energy during the 3rd quarter valued at $124,000. Alambic Investment Management L.P. purchased a new stake in shares of SunCoke Energy during the 4th quarter valued at $133,000. Quantbot Technologies LP purchased a new stake in shares of SunCoke Energy during the 3rd quarter valued at $142,000. Piedmont Investment Advisors LLC purchased a new stake in shares of SunCoke Energy during the 2nd quarter valued at $152,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of SunCoke Energy during the 3rd quarter valued at $155,000. Hedge funds and other institutional investors 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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