SunCoke Energy Inc. (SXC) Sees Strong Trading Volume
SunCoke Energy Inc. (NYSE:SXC) shares saw unusually-high trading volume on Friday . Approximately 950,350 shares were traded during mid-day 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.
A number of research analysts have recently commented on SXC shares. FBR & Co reiterated a “buy” rating and set a $9.00 price target on shares of SunCoke Energy in a report on Thursday, April 7th. Zacks Investment Research lowered SunCoke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.50.
The stock’s 50 day moving average price is $6.44 and its 200-day moving average price is $5.63. The stock’s market cap is $489.69 million.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.05. The company earned $292.70 million during the quarter, compared to analyst estimates of $286.20 million. The business’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) EPS. On average, equities analysts predict that SunCoke Energy Inc. will post $0.05 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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