SunCoke Energy Inc. (SXC) Receives $12.50 Average PT from Analysts
Shares of SunCoke Energy Inc. (NYSE:SXC) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $12.50.
Separately, Zacks Investment Research raised SunCoke Energy from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Tuesday, July 19th.
In other news, major shareholder Mangrove Partners Fund (Cayman purchased 291,478 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were acquired at an average price of $6.98 per share, with a total value of $2,034,516.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.27% of the company’s stock.
Several institutional investors have recently modified their holdings of SXC. Eqis Capital Management Inc. raised its position in SunCoke Energy by 1.5% in the third quarter. Eqis Capital Management Inc. now owns 15,063 shares of the company’s stock valued at $121,000 after buying an additional 224 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in SunCoke Energy by 23.5% in the second quarter. Public Employees Retirement System of Ohio now owns 17,992 shares of the company’s stock valued at $105,000 after buying an additional 3,427 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in SunCoke Energy by 5.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 630,817 shares of the company’s stock valued at $3,672,000 after buying an additional 31,646 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in SunCoke Energy during the second quarter valued at $149,000. Finally, Numeric Investors LLC bought a new position in SunCoke Energy during the second quarter valued at $236,000. 84.22% of the stock is currently owned by institutional investors and hedge funds.
SunCoke Energy (NYSE:SXC) opened at 7.79 on Monday. SunCoke Energy has a 12-month low of $2.05 and a 12-month high of $8.21. The company’s 50-day moving average price is $7.12 and its 200-day moving average price is $6.72. The firm’s market capitalization is $499.95 million.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.05. The business earned $292.70 million during the quarter, compared to analyst estimates of $286.20 million. SunCoke Energy had a positive return on equity of 0.95% and a negative net margin of 1.02%. SunCoke Energy’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) EPS. Equities analysts expect that SunCoke Energy will post $0.06 EPS for the current fiscal year.
SunCoke Energy Company Profile
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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