B. Riley Financial Lowers SunCoke Energy (NYSE:SXC) Price Target to $9.00

SunCoke Energy (NYSE:SXC) had its price target dropped by stock analysts at B. Riley Financial from $10.00 to $9.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the energy company’s stock. B. Riley Financial’s target price indicates a potential upside of 39.75% from the company’s current price.

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SunCoke Energy in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.00.

SunCoke Energy Stock Down 5.6%

Shares of SXC opened at $6.44 on Wednesday. The company has a market capitalization of $545.27 million, a price-to-earnings ratio of -12.38 and a beta of 0.98. SunCoke Energy has a 52 week low of $6.24 and a 52 week high of $9.82. The stock’s 50-day moving average price is $7.67 and its 200-day moving average price is $7.59. The company has a quick ratio of 1.17, a current ratio of 2.11 and a debt-to-equity ratio of 1.10.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Tuesday, February 17th. The energy company reported ($1.00) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($1.10). The business had revenue of $480.20 million during the quarter, compared to analysts’ expectations of $437.45 million. SunCoke Energy had a negative net margin of 2.41% and a positive return on equity of 7.43%. SunCoke Energy’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. On average, sell-side analysts predict that SunCoke Energy will post 0.71 EPS for the current year.

Hedge Funds Weigh In On SunCoke Energy

Several institutional investors have recently bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of SunCoke Energy by 44.9% during the fourth quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,318 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of SunCoke Energy by 7.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,733 shares of the energy company’s stock valued at $187,000 after buying an additional 1,547 shares during the period. Legal & General Group Plc lifted its position in SunCoke Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 223,115 shares of the energy company’s stock worth $1,917,000 after acquiring an additional 1,560 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in SunCoke Energy by 69.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock worth $28,000 after acquiring an additional 1,569 shares during the period. Finally, Allworth Financial LP grew its position in SunCoke Energy by 80.6% in the second quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,620 shares in the last quarter. 90.45% of the stock is owned by institutional investors and hedge funds.

SunCoke Energy Company Profile

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.