B. Riley Reaffirms “Buy” Rating for SunCoke Energy (SXC)

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B. Riley reiterated their buy rating on shares of SunCoke Energy (NYSE:SXC) in a research report released 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 upgraded SunCoke Energy from a sell rating to a hold rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. SunCoke Energy has an average rating of Buy and a consensus price target of $13.00.

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

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

A number of institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp raised its holdings in SunCoke Energy by 2.2% in the second quarter. Van ECK Associates Corp now owns 217,770 shares of the energy company’s stock worth $2,918,000 after purchasing an additional 4,765 shares in the last quarter. Stone Ridge Asset Management LLC raised its holdings in SunCoke Energy by 39.0% in the third quarter. Stone Ridge Asset Management LLC now owns 19,727 shares of the energy company’s stock worth $229,000 after purchasing an additional 5,536 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in SunCoke Energy by 37.4% in the second quarter. Cubist Systematic Strategies LLC now owns 22,377 shares of the energy company’s stock worth $300,000 after purchasing an additional 6,094 shares in the last quarter. Alps Advisors Inc. raised its holdings in SunCoke Energy by 12.4% in the second quarter. Alps Advisors Inc. now owns 62,467 shares of the energy company’s stock worth $837,000 after purchasing an additional 6,885 shares in the last quarter. Finally, IndexIQ Advisors LLC raised its holdings in SunCoke Energy by 3.9% in the second quarter. IndexIQ Advisors LLC now owns 216,527 shares of the energy company’s stock worth $2,901,000 after purchasing an additional 8,078 shares in the last quarter. Institutional investors and hedge funds own 89.64% of the company’s stock.

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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