SunCoke Energy, Inc. (SXC) Upgraded at BidaskClub
SunCoke Energy, Inc. (NYSE:SXC) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Friday.
Several other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of SunCoke Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. TheStreet downgraded shares of SunCoke Energy from a “c-” rating to a “d+” rating in a research report on Friday, August 4th.
SunCoke Energy (NYSE:SXC) traded up 0.22% during trading on Friday, reaching $9.17. The company had a trading volume of 43,013 shares. The company’s market capitalization is $589.90 million. The firm’s 50 day moving average is $9.59 and its 200-day moving average is $9.34. SunCoke Energy has a 12 month low of $6.28 and a 12 month high of $13.14.
SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, July 27th. The energy company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.07. The firm had revenue of $323.20 million for the quarter, compared to the consensus estimate of $347.90 million. SunCoke Energy had a negative net margin of 0.01% and a positive return on equity of 3.27%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) earnings per share. On average, equities analysts expect that SunCoke Energy will post ($0.34) earnings per share for the current year.
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In other SunCoke Energy news, major shareholder Mangrove Partners Master Fund, sold 41,131 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $11.01, for a total transaction of $452,852.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Mangrove Partners Fund (Cayman sold 179,828 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $11.22, for a total transaction of $2,017,670.16. The disclosure for this sale can be found here. Insiders have sold 850,551 shares of company stock worth $9,415,508 over the last three months. Company insiders own 3.85% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Karp Capital Management Corp purchased a new stake in SunCoke Energy during the first quarter worth about $191,000. UBS Asset Management Americas Inc. boosted its stake in SunCoke Energy by 97.3% in the first quarter. UBS Asset Management Americas Inc. now owns 24,259 shares of the energy company’s stock worth $217,000 after buying an additional 11,962 shares during the period. Comerica Bank boosted its stake in SunCoke Energy by 3.7% in the first quarter. Comerica Bank now owns 70,916 shares of the energy company’s stock worth $661,000 after buying an additional 2,519 shares during the period. Bank of New York Mellon Corp boosted its stake in SunCoke Energy by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 839,705 shares of the energy company’s stock worth $7,525,000 after buying an additional 24,046 shares during the period. Finally, Boston Partners purchased a new stake in SunCoke Energy during the first quarter worth about $26,889,000. Institutional investors own 98.12% of the company’s stock.
SunCoke Energy Company Profile
SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.
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