SunCoke Energy (NYSE:SXC) Price Target Raised to $11.00

SunCoke Energy (NYSE:SXC) had its price objective raised by equities research analysts at B. Riley Financial from $9.00 to $11.00 in a report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the energy company’s stock. B. Riley Financial‘s price objective would suggest a potential downside of 4.01% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Weiss Ratings raised shares of SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, October 6th. Wall Street Zen upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 27th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.00.

SunCoke Energy Price Performance

NYSE:SXC traded up $0.13 during trading hours on Monday, reaching $11.46. 346,723 shares of the company traded hands, compared to its average volume of 1,488,359. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.03 and a quick ratio of 1.26. The firm’s 50-day moving average is $9.98 and its 200-day moving average is $8.29. The stock has a market cap of $972.67 million, a P/E ratio of -17.69 and a beta of 1.01. SunCoke Energy has a 1-year low of $5.51 and a 1-year high of $11.60.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Tuesday, October 27th. The energy company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.14. SunCoke Energy had a positive return on equity of 5.68% and a negative net margin of 2.91%. The company had revenue of $485.90 million during the quarter, compared to analysts’ expectations of $456.55 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts expect that SunCoke Energy will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of SunCoke Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of SunCoke Energy in the 2nd quarter valued at $72,643,000. Assenagon Asset Management S.A. purchased a new position in SunCoke Energy in the second quarter valued at about $7,359,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of SunCoke Energy during the second quarter worth about $6,614,000. Readystate Asset Management LP acquired a new position in shares of SunCoke Energy during the second quarter worth about $5,038,000. Finally, Empowered Funds LLC acquired a new position in shares of SunCoke Energy during the second quarter worth about $3,889,000. Institutional investors and hedge funds own 90.45% of the company’s stock.

About SunCoke Energy

SunCoke Energy, Inc (NYSE:SXC) is a producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company converts coal into coke through high-temperature processing and captures the resulting heat to generate energy, which can support its facilities and be sold to customers.

SunCoke operates coke-making facilities and related coal-handling, storage and logistics assets, primarily serving integrated steel producers in the United States. Its operations are designed to provide customers with a consistent supply of coke while also generating electricity and recovering other byproducts from the coke-production process.

The company was separated from Sunoco and became a publicly traded company in 2011.