SunCoke Energy (SXC) Given “Buy” Rating at B. Riley

SunCoke Energy (NYSE:SXC)‘s stock had its “buy” rating reissued by research analysts at B. Riley in a research note issued on Friday. B. Riley also issued estimates for SunCoke Energy’s Q4 2018 earnings at $0.05 EPS and FY2019 earnings at $0.38 EPS.

Separately, Zacks Investment Research upgraded SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Saturday, October 27th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $13.00.

NYSE SXC opened at $10.86 on Friday. The firm has a market capitalization of $747.20 million, a PE ratio of 38.79 and a beta of 0.80. SunCoke Energy has a fifty-two week low of $9.38 and a fifty-two week high of $14.32. The company has a quick ratio of 1.13, a current ratio of 1.65 and a debt-to-equity ratio of 1.22.

SunCoke Energy (NYSE:SXC) last released its earnings results on Thursday, October 25th. The energy company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.17. The firm had revenue of $364.50 million during the quarter, compared to analyst estimates of $330.25 million. SunCoke Energy had a return on equity of 5.00% and a net margin of 10.99%. As a group, research analysts predict that SunCoke Energy will post 0.38 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its position in SunCoke Energy by 27.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 529,798 shares of the energy company’s stock valued at $1,839,000 after acquiring an additional 113,983 shares during the period. Frigate Ventures LP grew its position in SunCoke Energy by 87.8% during the fourth quarter. Frigate Ventures LP now owns 473,033 shares of the energy company’s stock valued at $1,641,000 after acquiring an additional 221,207 shares during the period. Principal Financial Group Inc. grew its position in SunCoke Energy by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 433,065 shares of the energy company’s stock valued at $1,502,000 after acquiring an additional 11,642 shares during the period. Gendell Jeffrey L grew its position in SunCoke Energy by 70.0% during the third quarter. Gendell Jeffrey L now owns 934,268 shares of the energy company’s stock valued at $7,493,000 after acquiring an additional 384,543 shares during the period. Finally, Highbridge Capital Management LLC purchased a new stake in SunCoke Energy during the fourth quarter valued at about $1,817,000. 89.64% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Company Profile

SunCoke Energy, Inc operates as an independent producer of coke in the Americas. 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.

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