SunCoke Energy (NYSE:SXC) Upgraded to Buy at StockNews.com

SunCoke Energy (NYSE:SXC) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

SunCoke Energy Stock Performance

Shares of SXC stock opened at $8.59 on Wednesday. The company has a market capitalization of $722.33 million, a P/E ratio of 11.93 and a beta of 1.04. SunCoke Energy has a fifty-two week low of $7.47 and a fifty-two week high of $11.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.19 and a current ratio of 2.22. The stock has a 50 day moving average price of $8.49 and a two-hundred day moving average price of $9.70.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $470.90 million during the quarter, compared to analyst estimates of $410.35 million. SunCoke Energy had a net margin of 3.11% and a return on equity of 9.56%. The firm’s revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS. Analysts expect that SunCoke Energy will post 0.94 earnings per share for the current year.

Hedge Funds Weigh In On SunCoke Energy

Several hedge funds have recently made changes to their positions in SXC. Jacobs Levy Equity Management Inc. boosted its holdings in SunCoke Energy by 84.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 724,886 shares of the energy company’s stock valued at $8,169,000 after acquiring an additional 332,197 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of SunCoke Energy by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock valued at $24,620,000 after purchasing an additional 292,050 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of SunCoke Energy by 50.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 453,087 shares of the energy company’s stock valued at $5,106,000 after buying an additional 152,002 shares during the period. Pacer Advisors Inc. raised its stake in SunCoke Energy by 3.1% in the second quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company’s stock worth $46,141,000 after buying an additional 139,971 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in SunCoke Energy by 111.3% in the second quarter. Bank of Montreal Can now owns 176,260 shares of the energy company’s stock worth $1,729,000 after buying an additional 92,827 shares in the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.

About SunCoke Energy

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.