Somewhat Favorable Media Coverage Somewhat Unlikely to Affect SunCoke Energy (SXC) Share Price
Media headlines about SunCoke Energy (NYSE:SXC) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SunCoke Energy earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned headlines about the energy company an impact score of 45.008299351777 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Technical Research on Basic Materials Equities — CF Industries, SunCoke Energy, Intrepid Potash, and Monsanto – Markets Insider (markets.businessinsider.com)
- SunCoke Energy : Simmons Hanly Conroy Secures $4.26 Million Class Action Settlement for Plaintiffs Affected by Steel Mill Emissions (4-traders.com)
- Was Steve Bannon’s face altered on ’60 Minutes’? (vothemes.com)
- SunCoke Energy, Inc. (SXC) Director James E. Sweetnam Sells 11715 Shares (iphonefresh.com)
- SunCoke Energy, Inc. (SXC) Director Sells $175,200.00 in Stock (americanbankingnews.com)
Shares of SunCoke Energy (SXC) traded up 4.206% during midday trading on Monday, hitting $8.795. 155,472 shares of the company’s stock were exchanged. The firm’s market cap is $565.77 million. SunCoke Energy has a 52 week low of $6.39 and a 52 week high of $13.14. The company has a 50-day moving average of $8.87 and a 200-day moving average of $9.28.
SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, July 27th. The energy company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.07. The company had revenue of $323.20 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share. Equities research analysts expect that SunCoke Energy will post ($0.34) EPS for the current fiscal year.
SXC has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, July 19th. BidaskClub lowered shares of SunCoke Energy from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, TheStreet lowered shares of SunCoke Energy from a “c-” rating to a “d+” rating in a research note on Friday, August 4th.
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In other news, Director James E. Sweetnam sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $8.76, for a total value of $175,200.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $87,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Mangrove Partners Fund (Cayman sold 5,530 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $11.00, for a total transaction of $60,830.00. The disclosure for this sale can be found here. Insiders sold 882,266 shares of company stock valued at $9,697,197 in the last quarter. Corporate insiders own 3.85% of the company’s stock.
About SunCoke Energy
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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