SunCoke Energy Inc. (SXC) Stock Price Up 6.5%
Shares of SunCoke Energy Inc. (NYSE:SXC) were up 6.5% on Friday . The company traded as high as $6.53 and last traded at $6.51, with a volume of 185,670 shares traded. The stock had previously closed at $6.11.
A number of research firms have recently issued reports on SXC. Bank of America Corp. reaffirmed an “underperform” rating on shares of SunCoke Energy in a report on Thursday, March 17th. FBR & Co reissued a “buy” rating and set a $9.00 target price on shares of SunCoke Energy in a report on Thursday, April 7th. Finally, Zacks Investment Research cut shares of SunCoke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.31.
The firm has a 50 day moving average of $5.97 and a 200 day moving average of $5.25. The firm’s market cap is $418.32 million.
SunCoke Energy (NYSE:SXC) last posted its earnings results on Wednesday, April 27th. The company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.10. The company earned $311.10 million during the quarter, compared to analysts’ expectations of $318.95 million. During the same period in the prior year, the business posted ($0.06) EPS. The business’s revenue was down 4.0% on a year-over-year basis. On average, analysts predict that SunCoke Energy Inc. will post $0.08 earnings per share for the current year.
An institutional investor recently raised its position in SunCoke Energy stock. Principal Financial Group Inc. boosted its stake in shares of SunCoke Energy Inc. (NYSE:SXC) by 2.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 433,065 shares of the company’s stock after buying an additional 11,642 shares during the period. Principal Financial Group Inc. owned 0.68% of SunCoke Energy worth $1,502,000 as of its most recent filing with the SEC.
SunCoke Energy, Inc (SunCoke) is an independent producer of coke, a principal raw material in the blast furnace steelmaking process. The Company operates through four segments: Domestic Coke, Brazil Coke, India Coke and Coal Logistics. The Company’s Domestic Coke consists of its Indiana Harbor, Haverhill, Granite City and Middletown cokemaking and heat recovery operations located in Vansant, Virginia; East Chicago, Indiana; Franklin Furnace, Ohio; Granite City, Illinois, and Middletown, Ohio, respectively.
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