SunCoke Energy's (SXC) Buy Rating Reaffirmed at Benchmark

SunCoke Energy (NYSE:SXC - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Benchmark in a report released on Tuesday, Benzinga reports. They currently have a $13.00 price objective on the energy company's stock. Benchmark's price target would suggest a potential upside of 18.07% from the company's previous close.

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

SunCoke Energy Stock Up 5.0 %

SunCoke Energy stock traded up $0.52 during midday trading on Tuesday, hitting $11.01. 1,223,475 shares of the company were exchanged, compared to its average volume of 842,597. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27. SunCoke Energy has a fifty-two week low of $7.47 and a fifty-two week high of $11.85. The company's fifty day moving average price is $8.55 and its 200-day moving average price is $9.50. The company has a market cap of $925.85 million, a PE ratio of 11.01 and a beta of 1.02.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.14. The business had revenue of $490.10 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. On average, research analysts predict that SunCoke Energy will post 0.94 EPS for the current fiscal year.

Institutional Trading of SunCoke Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of SunCoke Energy by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company's stock worth $77,124,000 after buying an additional 77,649 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of SunCoke Energy by 3.1% during the 2nd quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company's stock worth $46,141,000 after purchasing an additional 139,971 shares during the period. American Century Companies Inc. lifted its holdings in shares of SunCoke Energy by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company's stock worth $24,620,000 after purchasing an additional 292,050 shares during the last quarter. LSV Asset Management boosted its position in SunCoke Energy by 2.4% during the 1st quarter. LSV Asset Management now owns 2,099,317 shares of the energy company's stock valued at $23,659,000 after purchasing an additional 49,800 shares during the period. Finally, Bridgeway Capital Management LLC grew its stake in SunCoke Energy by 2.1% during the 1st quarter. Bridgeway Capital Management LLC now owns 1,479,685 shares of the energy company's stock worth $16,676,000 after buying an additional 30,790 shares during the last quarter. Institutional investors and hedge funds 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.