SunCoke Energy Inc. (SXC) Sees Strong Trading Volume
SunCoke Energy Inc. (NYSE:SXC) saw strong trading volume on Friday . 950,350 shares were traded during trading, an increase of 69% from the previous session’s volume of 560,711 shares.The stock last traded at $7.57 and had previously closed at $7.06.
Several equities analysts have recently weighed in on SXC shares. Zacks Investment Research raised SunCoke Energy from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Tuesday, July 19th. FBR & Co reissued a “buy” rating and set a $9.00 target price on shares of SunCoke Energy in a research report on Thursday, April 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $10.50.
The firm’s market cap is $489.54 million. The company’s 50-day moving average is $6.44 and its 200 day moving average is $5.63.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.05. The business earned $292.70 million during the quarter, compared to the consensus estimate of $286.20 million. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. On average, analysts expect that SunCoke Energy Inc. will post $0.08 earnings per share for the current fiscal 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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