SunCoke Energy (NYSE:SXC) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of SunCoke Energy (NYSE:SXC) from a hold rating to a buy rating in a report issued on Wednesday.

SunCoke Energy Trading Up 1.0 %

NYSE:SXC opened at $8.68 on Wednesday. The firm has a market capitalization of $729.90 million, a P/E ratio of 12.06 and a beta of 1.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.22 and a quick ratio of 1.19. SunCoke Energy has a one year low of $7.47 and a one year high of $11.85. The company’s 50-day simple moving average is $8.49 and its 200 day simple moving average is $9.69.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $470.90 million for the quarter, compared to analysts’ expectations of $410.35 million. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. As a group, analysts forecast that SunCoke Energy will post 0.94 EPS for the current fiscal year.

SunCoke Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $0.12 dividend. This is a boost from SunCoke Energy’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 5.53%. SunCoke Energy’s payout ratio is presently 66.67%.

Institutional Trading of SunCoke Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. nVerses Capital LLC increased its position in shares of SunCoke Energy by 488.9% during the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock valued at $46,000 after acquiring an additional 4,400 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of SunCoke Energy in the 2nd quarter worth $70,000. Algert Global LLC purchased a new position in shares of SunCoke Energy in the second quarter worth $107,000. Retirement Investment Advisors Inc. purchased a new position in shares of SunCoke Energy in the second quarter worth $110,000. Finally, Beacon Bridge Wealth Partners LLC bought a new position in shares of SunCoke Energy during the second quarter valued at $111,000. 90.45% of the stock is currently owned by institutional investors.

About SunCoke Energy

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