SunCoke Energy Inc. (SXC) Stock Price Down 3.7%
Shares of SunCoke Energy Inc. (NYSE:SXC) dropped 3.7% on Friday . The stock traded as low as $7.04 and last traded at $7.09, with a volume of 137,362 shares traded. The stock had previously closed at $7.36.
Separately, Zacks Investment Research upgraded SunCoke Energy from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research report on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.50.
The company’s 50-day moving average is $6.87 and its 200-day moving average is $5.93. The stock’s market capitalization is $453.75 million.
SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, July 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. During the same quarter in the previous year, the firm posted ($0.04) EPS. The business earned $292.70 million during the quarter, compared to analysts’ expectations of $286.20 million. SunCoke Energy’s revenue for the quarter was down 15.9% on a year-over-year basis. Analysts anticipate that SunCoke Energy Inc. will post $0.06 EPS for the current fiscal year.
In other news, major shareholder Mangrove Partners Fund (Cayman bought 291,478 shares of the stock in a transaction on Thursday, July 28th. The shares were purchased at an average cost of $6.98 per share, for a total transaction of $2,034,516.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
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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