SunCoke Energy (NYSE:SXC) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of SunCoke Energy (NYSE:SXC) from a buy rating to a hold rating in a research report released on Wednesday morning,Wall Street Zen reports.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, October 6th. B. Riley Financial increased their target price on SunCoke Energy from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, November 2nd. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.00.

SunCoke Energy Stock Performance

NYSE:SXC opened at $9.81 on Wednesday. The stock’s fifty day moving average is $10.04 and its 200 day moving average is $8.35. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.26 and a current ratio of 2.03. SunCoke Energy has a fifty-two week low of $5.51 and a fifty-two week high of $11.60. The firm has a market capitalization of $833.10 million, a PE ratio of -15.10 and a beta of 0.94.

SunCoke Energy (NYSE:SXC) last released its earnings results on Tuesday, October 27th. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.14. SunCoke Energy had a negative net margin of 2.91% and a positive return on equity of 5.68%. The company had revenue of $485.90 million for the quarter, compared to analyst estimates of $456.55 million. During the same period in the prior year, the business earned $0.26 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. On average, sell-side analysts anticipate that SunCoke Energy will post 0.45 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, November 17th. This represents a $0.48 dividend on an annualized basis and a yield of 4.9%. SunCoke Energy’s dividend payout ratio is presently -73.85%.

Institutional Trading of SunCoke Energy

Several institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its holdings in shares of SunCoke Energy by 126.3% during the second quarter. IFP Advisors Inc now owns 3,259 shares of the energy company’s stock valued at $26,000 after acquiring an additional 1,819 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of SunCoke Energy during the second quarter valued at approximately $29,000. Freestone Grove Partners LP bought a new stake in SunCoke Energy in the 2nd quarter worth approximately $29,000. Integrated Wealth Concepts LLC purchased a new stake in shares of SunCoke Energy in the 2nd quarter worth approximately $45,000. Finally, Allworth Financial LP purchased a new stake in SunCoke Energy during the 2nd quarter valued at approximately $49,000. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Company Profile

SunCoke Energy, Inc (NYSE:SXC) is a producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company converts coal into coke through high-temperature processing and captures the resulting heat to generate energy, which can support its facilities and be sold to customers.

SunCoke operates coke-making facilities and related coal-handling, storage and logistics assets, primarily serving integrated steel producers in the United States. Its operations are designed to provide customers with a consistent supply of coke while also generating electricity and recovering other byproducts from the coke-production process.

The company was separated from Sunoco and became a publicly traded company in 2011.