SunCoke Energy (NYSE:SXC) Price Target Raised to $11.00

SunCoke Energy (NYSE:SXC) had its price target hoisted by B. Riley Financial from $9.00 to $11.00 in a research report released on Monday,Benzinga reports. They currently have a neutral rating on the energy company’s stock.

A number of other brokerages also recently commented on SXC. Wall Street Zen upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 27th. Weiss Ratings upgraded shares of SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.00.

SunCoke Energy Trading Down 2.8%

Shares of SXC stock opened at $10.44 on Monday. SunCoke Energy has a fifty-two week low of $5.51 and a fifty-two week high of $11.60. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.26 and a current ratio of 2.03. The stock’s fifty day moving average is $10.05 and its two-hundred day moving average is $8.33. The firm has a market capitalization of $885.72 million, a P/E ratio of -16.05 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 for the quarter, topping analysts’ consensus estimates of $0.11 by $0.14. The business had revenue of $485.90 million for the quarter, compared to analyst estimates of $456.55 million. SunCoke Energy had a negative net margin of 2.91% and a positive return on equity of 5.68%. The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. Research analysts expect that SunCoke Energy will post 0.45 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.6%. SunCoke Energy’s dividend payout ratio is currently -73.85%.

Institutional Trading of SunCoke Energy

A number of institutional investors have recently bought and sold shares of the business. IFP Advisors Inc grew 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 worth $26,000 after purchasing an additional 1,819 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of SunCoke Energy during the second quarter worth about $29,000. Freestone Grove Partners LP purchased a new stake in shares of SunCoke Energy in the 2nd quarter valued at about $29,000. Integrated Wealth Concepts LLC purchased a new stake in shares of SunCoke Energy in the 2nd quarter valued at about $45,000. Finally, Allworth Financial LP purchased a new stake in shares of SunCoke Energy in the 2nd quarter valued at about $49,000. 90.45% of the stock is owned by hedge funds and other institutional investors.

About SunCoke Energy

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.