Insider Buying: SunCoke Energy CEO Purchases 1,062 Shares of Stock (SXC)
SunCoke Energy (NYSE:SXC) CEO Frederick A. Henderson purchased 1,062 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 2nd. The stock was purchased at an average price of $20.22 per share, for a total transaction of $21,473.64. Following the completion of the purchase, the chief executive officer now directly owns 94,000 shares of the company’s stock, valued at approximately $1,900,680. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
SunCoke Energy (NYSE:SXC) traded up 1.69% during mid-day trading on Monday, hitting $20.42. 447,432 shares of the company’s stock traded hands. SunCoke Energy has a one year low of $13.58 and a one year high of $23.90. The stock’s 50-day moving average is $20.80 and its 200-day moving average is $21.80. The company has a market cap of $1.425 billion and a price-to-earnings ratio of 92.96.
SunCoke Energy (NYSE:SXC) last released its earnings data on Wednesday, April 23rd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.10. The company had revenue of $359.60 million for the quarter, compared to the consensus estimate of $364.97 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was down 20.8% on a year-over-year basis. Analysts expect that SunCoke Energy will post $0.18 EPS for the current fiscal year.
A number of analysts have recently weighed in on SXC shares. Analysts at Goldman Sachs cut their price target on shares of SunCoke Energy from $27.00 to $26.00 in a research note on Friday, May 16th. They now have a “buy” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of SunCoke Energy in a research note on Tuesday, May 13th. They now have a $22.00 price target on the stock, up previously from $21.00. Finally, analysts at Zacks downgraded shares of SunCoke Energy from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 7th. They now have a $19.20 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $23.70.
SunCoke Energy, Inc (NYSE:SXC), is an independent producer of coke, a principal raw material in the integrated steelmaking process.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.