SunCoke Energy (NYSE:SXC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of SunCoke Energy (NYSE:SXC) from a buy rating to a strong-buy rating in a report published on Wednesday morning.

Separately, Benchmark restated a buy rating and set a $12.00 target price on shares of SunCoke Energy in a research report on Thursday, May 2nd.

SunCoke Energy Stock Performance

SXC opened at $9.80 on Wednesday. The firm has a market cap of $823.89 million, a P/E ratio of 13.80 and a beta of 1.15. SunCoke Energy has a 1-year low of $7.65 and a 1-year high of $11.48. The company has a 50 day simple moving average of $10.14 and a two-hundred day simple moving average of $10.56. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.06 and a quick ratio of 1.16.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $488.40 million during the quarter, compared to analyst estimates of $549.40 million. SunCoke Energy had a net margin of 2.97% and a return on equity of 9.48%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. Equities analysts forecast that SunCoke Energy will post 0.9 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.08%. SunCoke Energy’s dividend payout ratio is 56.34%.

Insider Buying and Selling

In other SunCoke Energy news, CTO John F. Quanci sold 4,532 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $10.67, for a total transaction of $48,356.44. Following the completion of the transaction, the chief technology officer now owns 19,922 shares in the company, valued at $212,567.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On SunCoke Energy

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in SunCoke Energy during the fourth quarter valued at $31,000. AJOVista LLC bought a new position in SunCoke Energy during the fourth quarter valued at $77,000. Evergreen Capital Management LLC purchased a new stake in shares of SunCoke Energy in the third quarter valued at $103,000. Optas LLC purchased a new stake in shares of SunCoke Energy in the fourth quarter valued at $108,000. Finally, Navellier & Associates Inc. purchased a new stake in shares of SunCoke Energy in the fourth quarter valued at $112,000. Institutional investors own 90.45% 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.