SunCoke Energy’s (SXC) “Buy” Rating Reaffirmed at B. Riley

B. Riley reissued their buy rating on shares of SunCoke Energy (NYSE:SXC) in a research report report published on Friday. B. Riley also issued estimates for SunCoke Energy’s Q4 2018 earnings at $0.05 EPS and FY2019 earnings at $0.38 EPS.

Separately, Zacks Investment Research raised shares of SunCoke Energy from a hold rating to a buy rating and set a $12.00 price objective for the company in a research note on Saturday, October 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $13.00.

Shares of SXC stock traded down $0.57 on Friday, reaching $10.86. The company’s stock had a trading volume of 283,851 shares, compared to its average volume of 390,242. SunCoke Energy has a 1 year low of $9.38 and a 1 year high of $14.32. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.13 and a current ratio of 1.65. The firm has a market cap of $754.97 million, a PE ratio of 38.79 and a beta of 0.80.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Thursday, October 25th. The energy company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.01 by $0.17. The company had revenue of $364.50 million during the quarter, compared to analyst estimates of $330.25 million. SunCoke Energy had a net margin of 10.99% and a return on equity of 5.00%. On average, equities analysts predict that SunCoke Energy will post 0.38 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Globeflex Capital L P boosted its stake in SunCoke Energy by 132.0% during the third quarter. Globeflex Capital L P now owns 36,391 shares of the energy company’s stock worth $423,000 after buying an additional 20,703 shares during the period. BlackRock Inc. boosted its stake in SunCoke Energy by 2.9% during the third quarter. BlackRock Inc. now owns 9,481,393 shares of the energy company’s stock worth $110,173,000 after buying an additional 265,976 shares during the period. Bank of New York Mellon Corp boosted its stake in SunCoke Energy by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 821,673 shares of the energy company’s stock worth $9,548,000 after buying an additional 26,926 shares during the period. Prudential Financial Inc. boosted its stake in SunCoke Energy by 7.6% during the third quarter. Prudential Financial Inc. now owns 730,184 shares of the energy company’s stock worth $8,484,000 after buying an additional 51,675 shares during the period. Finally, Systematic Financial Management LP lifted its position in shares of SunCoke Energy by 23.7% during the third quarter. Systematic Financial Management LP now owns 128,640 shares of the energy company’s stock worth $1,495,000 after purchasing an additional 24,680 shares during the last quarter. 89.64% of the stock is owned by institutional investors.

About SunCoke Energy

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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