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

SunCoke Energy (NYSE:SXC - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday.

SunCoke Energy Stock Up 1.0 %

SXC traded up $0.09 on Wednesday, hitting $8.68. The company had a trading volume of 533,621 shares, compared to its average volume of 843,668. The stock has a fifty day moving average price of $8.49 and a 200-day moving average price of $9.69. SunCoke Energy has a 12-month low of $7.47 and a 12-month 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 market capitalization of $729.90 million, a price-to-earnings ratio of 12.06 and a beta of 1.04.

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

Institutional Investors Weigh In On SunCoke Energy

A number of large investors have recently modified their holdings of the business. ProShare Advisors LLC grew its stake in shares of SunCoke Energy by 7.4% during the first quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company's stock worth $190,000 after acquiring an additional 1,158 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of SunCoke Energy by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 92,532 shares of the energy company's stock worth $907,000 after purchasing an additional 1,464 shares during the period. Federated Hermes Inc. lifted its holdings in shares of SunCoke Energy by 0.3% during the second quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company's stock worth $8,043,000 after purchasing an additional 2,335 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of SunCoke Energy by 2.6% during the first quarter. Public Employees Retirement System of Ohio now owns 99,682 shares of the energy company's stock worth $1,123,000 after purchasing an additional 2,539 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of SunCoke Energy by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 62,728 shares of the energy company's stock worth $707,000 after purchasing an additional 3,570 shares during the period. Hedge funds and other institutional investors own 90.45% of the company's stock.

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.