SunCoke Energy Inc. (SXC) Trading Up 6.5%
SunCoke Energy Inc. (NYSE:SXC) shares rose 6.5% during trading on Friday . The stock traded as high as $6.53 and last traded at $6.51, with a volume of 185,670 shares. The stock had previously closed at $6.11.
Several analysts recently weighed in on the stock. FBR & Co reiterated a “buy” rating and issued a $9.00 price target on shares of SunCoke Energy in a report on Thursday, April 7th. Zacks Investment Research cut shares of SunCoke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, Bank of America Corp. reiterated an “underperform” rating on shares of SunCoke Energy in a report on Thursday, March 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.31.
The firm’s market cap is $418.32 million. The company’s 50 day moving average price is $5.94 and its 200 day moving average price is $5.23.
SunCoke Energy (NYSE:SXC) last posted its earnings results on Wednesday, April 27th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by $0.10. The firm earned $311.10 million during the quarter, compared to analysts’ expectations of $318.95 million. The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.06) EPS. On average, equities analysts forecast that SunCoke Energy Inc. will post $0.08 earnings per share for the current year.
An institutional investor recently raised its position in SunCoke Energy stock. Principal Financial Group Inc. boosted its position in shares of SunCoke Energy Inc. (NYSE:SXC) by 2.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 433,065 shares of the company’s stock after buying an additional 11,642 shares during the period. Principal Financial Group Inc. owned approximately 0.68% of SunCoke Energy worth $1,502,000 as of its most recent SEC filing.
SunCoke Energy, Inc (SunCoke) is an independent producer of coke, a principal raw material in the blast furnace steelmaking process. The Company operates through four segments: Domestic Coke, Brazil Coke, India Coke and Coal Logistics. The Company’s Domestic Coke consists of its 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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