SunCoke Energy, Inc. (SXC) Raised to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of SunCoke Energy, Inc. (NYSE:SXC) from a sell rating to a hold rating in a report issued on Saturday.
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 have also issued reports about the stock. TheStreet lowered shares of SunCoke Energy from a c- rating to a d+ rating in a research report on Friday, August 4th. BidaskClub lowered shares of SunCoke Energy from a hold rating to a sell rating in a research report on Friday, July 28th.
Shares of SunCoke Energy (SXC) opened at 8.83 on Friday. SunCoke Energy has a one year low of $6.28 and a one year high of $13.14. The company’s 50-day moving average is $9.71 and its 200-day moving average is $9.34. The stock’s market capitalization is $568.03 million.
SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, July 27th. The energy company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.07. The business had revenue of $323.20 million for the quarter, compared to analysts’ expectations of $347.90 million. SunCoke Energy had a negative net margin of 0.01% and a positive return on equity of 3.27%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) EPS. On average, equities research analysts anticipate that SunCoke Energy will post ($0.34) earnings per share for the current year.
In other SunCoke Energy news, major shareholder Mangrove Partners Master Fund, sold 41,131 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $11.01, for a total transaction of $452,852.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Mangrove Partners Fund (Cayman sold 215,157 shares of the business’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $11.01, for a total transaction of $2,368,878.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 850,551 shares of company stock worth $9,415,508. 3.85% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of SunCoke Energy during the second quarter valued at approximately $327,000. Piedmont Investment Advisors LLC bought a new stake in shares of SunCoke Energy during the second quarter valued at approximately $152,000. Sterling Capital Management LLC raised its stake in shares of SunCoke Energy by 11.2% in the second quarter. Sterling Capital Management LLC now owns 114,563 shares of the energy company’s stock valued at $1,249,000 after buying an additional 11,573 shares during the last quarter. IHT Wealth Management LLC bought a new stake in shares of SunCoke Energy during the second quarter valued at approximately $831,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of SunCoke Energy by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 50,357 shares of the energy company’s stock valued at $549,000 after buying an additional 615 shares during the last quarter. Institutional investors own 98.12% of the company’s stock.
SunCoke Energy Company Profile
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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