SunCoke Energy (SXC) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of SunCoke Energy (NYSE:SXC) from a buy rating to a hold rating in a research report released on Thursday.

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. “

Several other brokerages have also issued reports on SXC. ValuEngine upgraded SunCoke Energy from a sell rating to a hold rating in a research report on Friday, January 25th. B. Riley reiterated a buy rating and issued a $14.00 price objective on shares of SunCoke Energy in a research report on Friday, November 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $12.67.

Shares of SXC opened at $9.93 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.96 and a quick ratio of 1.13. SunCoke Energy has a 52-week low of $7.63 and a 52-week high of $14.32. The company has a market capitalization of $642.95 million, a P/E ratio of 24.83 and a beta of 1.10.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Tuesday, February 5th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). SunCoke Energy had a net margin of 1.81% and a return on equity of 3.89%. The business had revenue of $224.60 million during the quarter, compared to analyst estimates of $339.45 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. SunCoke Energy’s revenue for the quarter was down 4.6% compared to the same quarter last year. Equities analysts forecast that SunCoke Energy will post 0.7 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of SXC. Oregon Public Employees Retirement Fund acquired a new position in shares of SunCoke Energy in the 4th quarter valued at approximately $25,000. Cutler Group LP acquired a new position in SunCoke Energy during the 4th quarter worth approximately $30,000. Wiley BROS. Aintree Capital LLC acquired a new position in SunCoke Energy during the 4th quarter worth approximately $77,000. Oppenheimer Asset Management Inc. acquired a new position in SunCoke Energy during the 4th quarter worth approximately $87,000. Finally, Mackenzie Financial Corp acquired a new position in SunCoke Energy during the 4th quarter worth approximately $92,000. Institutional investors and hedge funds own 87.70% of the company’s stock.

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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