SunCoke Energy (NYSE:SXC) Trading Down 5.4% After Analyst Downgrade

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SunCoke Energy Inc (NYSE:SXC)’s share price was down 5.4% during mid-day trading on Wednesday after B. Riley lowered their price target on the stock from $9.00 to $8.00. B. Riley currently has a buy rating on the stock. SunCoke Energy traded as low as $3.14 and last traded at $3.31, approximately 1,442,227 shares were traded during trading. An increase of 45% from the average daily volume of 993,637 shares. The stock had previously closed at $3.50.

Several other research analysts have also issued reports on the company. Zacks Investment Research upgraded SunCoke Energy from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research note on Tuesday, February 4th. Benchmark began coverage on SunCoke Energy in a research note on Thursday, February 6th. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. SunCoke Energy presently has an average rating of “Buy” and an average price target of $7.25.

Several large investors have recently made changes to their positions in SXC. Camden Capital LLC acquired a new stake in SunCoke Energy in the fourth quarter worth about $63,000. NumerixS Investment Technologies Inc increased its position in SunCoke Energy by 32.4% in the fourth quarter. NumerixS Investment Technologies Inc now owns 13,900 shares of the energy company’s stock worth $87,000 after purchasing an additional 3,400 shares during the period. Magnus Financial Group LLC increased its position in SunCoke Energy by 45.2% in the fourth quarter. Magnus Financial Group LLC now owns 18,181 shares of the energy company’s stock worth $113,000 after purchasing an additional 5,658 shares during the period. Stifel Financial Corp acquired a new stake in SunCoke Energy in the third quarter worth about $119,000. Finally, SG Americas Securities LLC acquired a new stake in SunCoke Energy in the fourth quarter worth about $143,000. Institutional investors own 88.78% of the company’s stock.

The stock has a 50-day moving average of $4.75 and a 200 day moving average of $5.56. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.58 and a quick ratio of 0.83. The stock has a market capitalization of $293.92 million, a price-to-earnings ratio of -2.01 and a beta of 1.25.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Wednesday, January 29th. The energy company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.05). The firm had revenue of $397.20 million during the quarter, compared to analyst estimates of $373.20 million. SunCoke Energy had a positive return on equity of 3.64% and a negative net margin of 9.52%. SunCoke Energy’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. Sell-side analysts anticipate that SunCoke Energy Inc will post 0.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 18th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 7.25%. SunCoke Energy’s payout ratio is 82.76%.

SunCoke Energy Company Profile (NYSE:SXC)

SunCoke Energy, Inc operates as an independent producer of coke in the Americas. 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.

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