SunCoke Energy (NYSE:SXC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

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. “

Separately, ValuEngine upgraded SunCoke Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st.

Shares of SXC stock traded up $0.05 during trading on Wednesday, reaching $7.01. The company’s stock had a trading volume of 46,006 shares, compared to its average volume of 841,953. SunCoke Energy has a one year low of $5.81 and a one year high of $12.04. The business has a fifty day moving average price of $6.80 and a 200-day moving average price of $8.09. The company has a market cap of $612.92 million, a price-to-earnings ratio of 17.40 and a beta of 1.30. The company has a quick ratio of 1.00, a current ratio of 1.84 and a debt-to-equity ratio of 1.15.

SunCoke Energy (NYSE:SXC) last released its earnings results on Tuesday, July 30th. The energy company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). SunCoke Energy had a net margin of 1.66% and a return on equity of 3.66%. The business had revenue of $407.50 million during the quarter, compared to the consensus estimate of $369.30 million. During the same period last year, the business posted $0.06 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts anticipate that SunCoke Energy will post 0.62 EPS for the current year.

In related news, Director John W. Rowe acquired 15,974 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of $5.91 per share, with a total value of $94,406.34. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.46% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC grew its stake in shares of SunCoke Energy by 43.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 40,681 shares of the energy company’s stock valued at $345,000 after acquiring an additional 12,229 shares in the last quarter. Ancora Advisors LLC grew its holdings in SunCoke Energy by 155.8% in the second quarter. Ancora Advisors LLC now owns 1,125,717 shares of the energy company’s stock worth $9,996,000 after purchasing an additional 685,679 shares during the period. ClariVest Asset Management LLC increased its stake in SunCoke Energy by 6.1% in the first quarter. ClariVest Asset Management LLC now owns 78,800 shares of the energy company’s stock valued at $669,000 after purchasing an additional 4,500 shares in the last quarter. Comerica Bank increased its stake in SunCoke Energy by 2.8% in the first quarter. Comerica Bank now owns 64,048 shares of the energy company’s stock valued at $579,000 after purchasing an additional 1,769 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of SunCoke Energy by 40.2% during the second quarter. State of Alaska Department of Revenue now owns 30,598 shares of the energy company’s stock valued at $271,000 after purchasing an additional 8,770 shares during the period. 81.55% of the stock is owned by 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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