Wall Street Zen Upgrades SunCoke Energy (NYSE:SXC) to “Buy”

SunCoke Energy (NYSE:SXC) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings upgraded shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, SunCoke Energy has a consensus rating of “Reduce” and an average price target of $9.00.

SunCoke Energy Stock Performance

NYSE:SXC opened at $9.38 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 2.25. SunCoke Energy has a fifty-two week low of $5.51 and a fifty-two week high of $9.92. The firm has a market cap of $795.83 million, a PE ratio of -14.65 and a beta of 0.98. The business has a 50 day moving average price of $8.71 and a 200-day moving average price of $7.62.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. The company had revenue of $475.30 million for the quarter, compared to the consensus estimate of $445.20 million. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 earnings per share. Equities research analysts predict that SunCoke Energy will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On SunCoke Energy

Several large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of SunCoke Energy in the second quarter worth approximately $72,643,000. Assenagon Asset Management S.A. bought a new stake in shares of SunCoke Energy during the second quarter valued at approximately $7,359,000. Gendell Jeffrey L increased its position in shares of SunCoke Energy by 82.3% during the fourth quarter. Gendell Jeffrey L now owns 1,472,040 shares of the energy company’s stock valued at $10,599,000 after acquiring an additional 664,528 shares in the last quarter. Invesco Ltd. raised its holdings in SunCoke Energy by 72.0% in the 2nd quarter. Invesco Ltd. now owns 1,445,764 shares of the energy company’s stock worth $12,419,000 after acquiring an additional 605,366 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in SunCoke Energy by 65.5% in the 4th quarter. Federated Hermes Inc. now owns 1,422,356 shares of the energy company’s stock worth $10,241,000 after acquiring an additional 562,739 shares during the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Company Profile

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.