Zacks Investment Research Lowers SunCoke Energy (NYSE:SXC) to Hold

SunCoke Energy (NYSE:SXC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, 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, B. Riley raised their price objective on SunCoke Energy from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, January 20th.

SunCoke Energy stock opened at $6.61 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.77 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $548.04 million, a P/E ratio of 73.44 and a beta of 1.20. The firm has a fifty day moving average of $6.75 and a 200-day moving average of $5.10. SunCoke Energy has a 52-week low of $2.33 and a 52-week high of $7.70.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, February 4th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.01. The company had revenue of $310.10 million during the quarter, compared to the consensus estimate of $281.60 million. SunCoke Energy had a net margin of 0.51% and a return on equity of 1.77%. On average, research analysts expect that SunCoke Energy will post 0.03 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Brandywine Global Investment Management LLC acquired a new position in shares of SunCoke Energy in the 4th quarter worth approximately $44,000. Eqis Capital Management Inc. acquired a new position in SunCoke Energy in the fourth quarter worth $45,000. XTX Markets LLC acquired a new stake in shares of SunCoke Energy during the 4th quarter worth approximately $48,000. Virtu Financial LLC bought a new stake in shares of SunCoke Energy in the 4th quarter worth approximately $49,000. Finally, Strs Ohio acquired a new position in SunCoke Energy during the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 82.78% of the company’s stock.

SunCoke Energy Company Profile

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.

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