SunCoke Energy’s (SXC) “Buy” Rating Reaffirmed at Benchmark

SunCoke Energy (NYSE:SXC)‘s stock had its “buy” rating restated by investment analysts at Benchmark in a research note issued on Tuesday, Benzinga reports. They presently have a $13.00 price objective on the energy company’s stock. Benchmark’s price objective indicates a potential upside of 19.82% from the stock’s previous close.

Separately, StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

SunCoke Energy Price Performance

Shares of SXC stock traded up $0.36 during trading hours on Tuesday, hitting $10.85. 532,576 shares of the company’s stock were exchanged, compared to its average volume of 839,363. The company has a market capitalization of $912.40 million, a PE ratio of 10.85 and a beta of 1.02. SunCoke Energy has a 12-month low of $7.47 and a 12-month high of $11.85. The business’s 50 day simple moving average is $8.55 and its 200-day simple moving average is $9.50. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.22 by $0.14. The firm had revenue of $490.10 million for the quarter, compared to the consensus estimate of $412.70 million. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The business’s revenue was down 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. On average, equities research analysts anticipate that SunCoke Energy will post 0.94 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SXC. nVerses Capital LLC boosted its holdings in SunCoke Energy by 488.9% in the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock valued at $46,000 after acquiring an additional 4,400 shares in the last quarter. Innealta Capital LLC bought a new stake in SunCoke Energy in the second quarter valued at $70,000. Optas LLC bought a new stake in SunCoke Energy in the third quarter valued at $88,000. Algert Global LLC bought a new stake in SunCoke Energy in the second quarter valued at $107,000. Finally, Retirement Investment Advisors Inc. bought a new stake in SunCoke Energy in the second quarter valued at $110,000. 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.