Zacks Investment Research upgraded shares of SunCoke Energy (NYSE:SXC) from a hold rating to a buy rating in a research report sent to investors on Friday. Zacks Investment Research currently has $11.00 target price on the energy company’s stock.

According to Zacks, “SunCoke Energy, Inc is a producer of metallurgical coke in the Americas. The Company acquires, owns, and operates the coke making and coal mining operations. Its coke making facilities are in the United States and Brazil. “

A number of other analysts have also issued reports on SXC. B. Riley restated a buy rating on shares of SunCoke Energy in a research report on Wednesday, November 1st. Clarkson Capital upgraded shares of SunCoke Energy from a neutral rating to a buy rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $11.00.

Shares of SunCoke Energy (NYSE SXC) opened at $9.84 on Friday. SunCoke Energy has a 1 year low of $7.66 and a 1 year high of $13.43. The stock has a market cap of $633.26, a P/E ratio of 5.26 and a beta of 1.16. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.12 and a current ratio of 1.74.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Wednesday, January 31st. The energy company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). SunCoke Energy had a return on equity of 3.13% and a net margin of 9.19%. The firm had revenue of $359.60 million for the quarter, compared to analyst estimates of $353.60 million. During the same quarter last year, the business posted $0.26 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. analysts forecast that SunCoke Energy will post 0.12 EPS for the current year.

In other SunCoke Energy news, insider Phillip Michael Hardesty sold 4,444 shares of SunCoke Energy stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $11.37, for a total value of $50,528.28. Following the transaction, the insider now owns 70,161 shares in the company, valued at approximately $797,730.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.85% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. UBS Asset Management Americas Inc. boosted its holdings in shares of SunCoke Energy by 1.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 24,492 shares of the energy company’s stock valued at $267,000 after purchasing an additional 233 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of SunCoke Energy by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,357 shares of the energy company’s stock valued at $549,000 after purchasing an additional 615 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of SunCoke Energy by 7.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 38,687 shares of the energy company’s stock valued at $422,000 after purchasing an additional 2,710 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of SunCoke Energy by 0.6% in the 2nd quarter. Northern Trust Corp now owns 764,495 shares of the energy company’s stock valued at $8,334,000 after purchasing an additional 4,675 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of SunCoke Energy by 21.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 27,498 shares of the energy company’s stock valued at $251,000 after purchasing an additional 4,866 shares during the last quarter. Institutional investors own 91.34% of the company’s stock.

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SunCoke Energy Company Profile

SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.

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