StockNews.com Upgrades SunCoke Energy (NYSE:SXC) to “Strong-Buy”

SunCoke Energy (NYSE:SXCGet Free Report) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.

SunCoke Energy Stock Performance

Shares of SXC opened at $11.05 on Monday. The firm’s 50 day moving average is $10.33 and its 200-day moving average is $9.66. The stock has a market capitalization of $925.50 million, a P/E ratio of 16.49 and a beta of 1.14. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.86 and a quick ratio of 1.05. SunCoke Energy has a 12-month low of $6.71 and a 12-month high of $11.44.

SunCoke Energy (NYSE:SXCGet Free Report) last released its earnings results on Thursday, February 1st. The energy company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $520.60 million for the quarter, compared to the consensus estimate of $406.40 million. SunCoke Energy had a net margin of 2.79% and a return on equity of 8.99%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. Equities research analysts anticipate that SunCoke Energy will post 0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On SunCoke Energy

Several large investors have recently bought and sold shares of SXC. Charles Schwab Investment Management Inc. lifted its stake in SunCoke Energy by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,760,914 shares of the energy company’s stock worth $18,912,000 after purchasing an additional 45,503 shares during the period. National Bank of Canada FI bought a new position in SunCoke Energy during the fourth quarter worth about $1,005,000. AJOVista LLC acquired a new stake in shares of SunCoke Energy during the fourth quarter worth approximately $77,000. LSV Asset Management increased its holdings in shares of SunCoke Energy by 15.4% during the fourth quarter. LSV Asset Management now owns 2,049,517 shares of the energy company’s stock worth $22,012,000 after buying an additional 272,759 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of SunCoke Energy by 35.4% during the fourth quarter. Van ECK Associates Corp now owns 100,020 shares of the energy company’s stock worth $1,074,000 after buying an additional 26,154 shares in the last quarter. 86.96% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Company Profile

(Get Free Report)

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

Featured Articles

Receive News & Ratings for SunCoke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCoke Energy and related companies with MarketBeat.com's FREE daily email newsletter.