SunCoke Energy Inc. (SXC) Shares Down 2.9%
SunCoke Energy Inc. (NYSE:SXC) was down 2.9% during mid-day trading on Thursday . The stock traded as low as $6.03 and last traded at $6.05, with a volume of 410,058 shares traded. The stock had previously closed at $6.23.
Several equities research analysts have recently issued reports on SXC shares. Bank of America Corp. reissued an “underperform” rating on shares of SunCoke Energy in a research report on Thursday, March 17th. FBR & Co restated a “buy” rating and issued a $9.00 target price on shares of SunCoke Energy in a research note on Thursday, April 7th. Finally, Zacks Investment Research downgraded shares of SunCoke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Two investment 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 has an average rating of “Hold” and a consensus price target of $9.31.
The company’s 50-day moving average price is $5.97 and its 200-day moving average price is $5.25. The company’s market cap is $418.32 million.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Wednesday, April 27th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by $0.10. The company had revenue of $311.10 million for the quarter, compared to analyst estimates of $318.95 million. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.06) EPS. Analysts predict that SunCoke Energy Inc. will post $0.08 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in SunCoke Energy stock. Principal Financial Group Inc. increased its stake in 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 filing with the SEC.
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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