SunCoke Energy Inc (SXC) Shares Up 2.4%
Shares of SunCoke Energy Inc (NYSE:SXC) shot up 2.4% during trading on Monday . The company traded as high as $7.38 and last traded at $7.32, with a volume of 278,944 shares. The stock had previously closed at $7.15.
A number of research firms recently commented on SXC. FBR & Co reissued a “buy” rating and set a $9.00 price objective on shares of SunCoke Energy in a report on Thursday, April 7th. Zacks Investment Research raised shares of SunCoke Energy from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Tuesday, July 19th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.50.
The firm’s 50-day moving average price is $6.31 and its 200-day moving average price is $5.47. The stock’s market capitalization is $469.01 million.
SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Wednesday, April 27th. The company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.10. The firm had revenue of $311.10 million for the quarter, compared to the consensus estimate of $318.95 million. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.06) earnings per share. On average, equities research analysts forecast that SunCoke Energy Inc will post $0.08 EPS for the current year.
SunCoke Energy, Inc is an independent producer of coke in the Americas. The Company also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s segments include Domestic Coke, Brazil Coke, India Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell, 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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