SunCoke Energy (NYSE:SXC) Upgraded to Strong-Buy by StockNews.com

SunCoke Energy (NYSE:SXCGet Free Report) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

SunCoke Energy Price Performance

Shares of SXC traded down $0.42 during mid-day trading on Monday, reaching $10.97. The company had a trading volume of 853,439 shares, compared to its average volume of 615,215. The company’s 50 day simple moving average is $10.29 and its 200 day simple moving average is $9.65. The company has a market capitalization of $918.85 million, a price-to-earnings ratio of 16.37 and a beta of 1.14. SunCoke Energy has a 1-year low of $6.71 and a 1-year high of $11.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 1.86.

SunCoke Energy (NYSE:SXCGet Free Report) last posted its earnings results on Thursday, February 1st. The energy company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $520.60 million for the quarter, compared to analysts’ expectations of $406.40 million. SunCoke Energy had a net margin of 2.79% and a return on equity of 8.99%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Analysts expect that SunCoke Energy will post 0.49 EPS for the current year.

Institutional Investors Weigh In On SunCoke Energy

Several hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in shares of SunCoke Energy by 7.4% during the first quarter. Bank of New York Mellon Corp now owns 1,386,814 shares of the energy company’s stock valued at $12,357,000 after acquiring an additional 95,677 shares during the last quarter. Citigroup Inc. increased its holdings in SunCoke Energy by 2.8% in the first quarter. Citigroup Inc. now owns 72,194 shares of the energy company’s stock valued at $643,000 after purchasing an additional 1,953 shares during the period. Bank of Montreal Can raised its position in SunCoke Energy by 53.0% during the 1st quarter. Bank of Montreal Can now owns 65,318 shares of the energy company’s stock worth $581,000 after purchasing an additional 22,618 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in SunCoke Energy by 54.1% during the 1st quarter. MetLife Investment Management LLC now owns 44,813 shares of the energy company’s stock worth $399,000 after buying an additional 15,741 shares during the period. Finally, Rhumbline Advisers grew its position in shares of SunCoke Energy by 3.8% in the 1st quarter. Rhumbline Advisers now owns 245,091 shares of the energy company’s stock valued at $2,184,000 after buying an additional 8,937 shares during the last quarter. 86.96% of the stock is currently owned by institutional investors and hedge funds.

About SunCoke Energy

(Get Free Report)

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.

Further Reading

Receive News & Ratings for SunCoke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCoke Energy and related companies with MarketBeat.com's FREE daily email newsletter.