SunCoke Energy Inc. (SXC) Trading Down 4.6%
Shares of SunCoke Energy Inc. (NYSE:SXC) traded down 4.6% during mid-day trading on Friday . The stock traded as low as $6.81 and last traded at $6.85, with a volume of 556,157 shares. The stock had previously closed at $7.18.
Separately, Zacks Investment Research downgraded SunCoke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. SunCoke Energy currently has a consensus rating of “Hold” and a consensus price target of $10.50.
The firm’s 50-day moving average is $7.11 and its 200-day moving average is $6.11. The firm’s market cap is $435.13 million.
SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, July 28th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.05. The firm earned $292.70 million during the quarter, compared to the consensus estimate of $286.20 million. During the same quarter in the previous year, the firm earned ($0.04) EPS. The business’s revenue was down 15.9% on a year-over-year basis. Equities analysts forecast that SunCoke Energy Inc. will post $0.06 earnings per share for the current year.
In other SunCoke Energy news, major shareholder Mangrove Partners Fund (Cayman bought 291,478 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were bought at an average price of $6.98 per share, for a total transaction of $2,034,516.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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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