SunCoke Energy, Inc. (SXC) Downgraded to “D+” at TheStreet

TheStreet downgraded shares of SunCoke Energy, Inc. (NYSE:SXC) from a c- rating to a d+ rating in a report published on Friday, August 4th.

Several other analysts have also issued reports on the company. BidaskClub lowered SunCoke Energy from a sell rating to a strong sell rating in a research note on Friday, August 4th. Zacks Investment Research lowered SunCoke Energy from a hold rating to a sell rating in a research note on Friday, August 4th.

SunCoke Energy (SXC) opened at 8.64 on Friday. The company’s market cap is $555.80 million. The company’s 50-day moving average is $9.77 and its 200 day moving average is $9.34. SunCoke Energy has a 12 month low of $6.28 and a 12 month high of $13.14.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, July 27th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.07. The firm had revenue of $323.20 million for the quarter, compared to analyst estimates of $347.90 million. SunCoke Energy had a positive return on equity of 3.27% and a negative net margin of 0.01%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) earnings per share. Equities analysts forecast that SunCoke Energy will post ($0.34) earnings per share for the current fiscal year.

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In related news, major shareholder Mangrove Partners Fund (Cayman sold 265,742 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $11.06, for a total transaction of $2,939,106.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Mangrove Partners Master Fund, sold 41,131 shares of the business’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $11.01, for a total value of $452,852.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 850,551 shares of company stock worth $9,415,508. 3.85% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Strs Ohio boosted its position in SunCoke Energy by 15.6% in the first quarter. Strs Ohio now owns 79,400 shares of the energy company’s stock valued at $711,000 after buying an additional 10,700 shares during the last quarter. Alambic Investment Management L.P. acquired a new position in SunCoke Energy during the first quarter valued at approximately $616,000. Quantitative Investment Management LLC acquired a new position in SunCoke Energy during the first quarter valued at approximately $395,000. Advisor Partners LLC boosted its position in SunCoke Energy by 3.1% in the first quarter. Advisor Partners LLC now owns 11,724 shares of the energy company’s stock valued at $105,000 after buying an additional 356 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in SunCoke Energy by 30.8% in the first quarter. Ameriprise Financial Inc. now owns 461,785 shares of the energy company’s stock valued at $4,136,000 after buying an additional 108,695 shares during the last quarter. Institutional investors and hedge funds own 98.12% of the company’s stock.

About SunCoke Energy

SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.

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