SunCoke Energy (NYSE:SXC – Get Free Report)‘s stock had its “buy” rating reiterated by investment analysts at Benchmark in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $13.00 target price on the energy company’s stock. Benchmark’s target price would indicate a potential upside of 19.82% from the company’s previous close.
Separately, StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.
Check Out Our Latest Analysis on SXC
SunCoke Energy Stock Up 3.4 %
SunCoke Energy (NYSE:SXC – Get Free Report) last announced its earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The firm had revenue of $490.10 million for the quarter, compared to analysts’ expectations of $412.70 million. During the same quarter in the previous year, the business posted $0.08 EPS. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, equities analysts expect that SunCoke Energy will post 0.94 earnings per share for the current fiscal year.
Hedge Funds Weigh In On SunCoke Energy
Large investors have recently modified their holdings of the stock. nVerses Capital LLC raised its position in shares of SunCoke Energy by 488.9% in the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after purchasing an additional 4,400 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of SunCoke Energy in the 2nd quarter worth about $70,000. Optas LLC purchased a new position in shares of SunCoke Energy in the 3rd quarter worth about $88,000. Algert Global LLC purchased a new position in shares of SunCoke Energy in the 2nd quarter worth about $107,000. Finally, Retirement Investment Advisors Inc. purchased a new position in shares of SunCoke Energy in the 2nd quarter worth about $110,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.
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.
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