SunCoke Energy Inc. (NYSE:SXC) Given Consensus Recommendation of “Hold” by Brokerages
Shares of SunCoke Energy Inc. (NYSE:SXC) have received an average recommendation of “Hold” from the six analysts that are covering the company. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $12.50.
Separately, Zacks Investment Research cut SunCoke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd.
SunCoke Energy (NYSE:SXC) traded up 4.73% during mid-day trading on Monday, hitting $8.19. 184,476 shares of the company were exchanged. SunCoke Energy has a 12 month low of $2.05 and a 12 month high of $9.70. The firm has a 50 day moving average price of $7.03 and a 200 day moving average price of $6.68. The stock’s market cap is $525.63 million.
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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 company had revenue of $292.70 million for the quarter, compared to analysts’ expectations of $286.20 million. SunCoke Energy had a positive return on equity of 0.95% and a negative net margin of 1.02%. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.04) EPS. Analysts anticipate that SunCoke Energy will post $0.06 EPS for the current fiscal year.
In other SunCoke Energy news, major shareholder Mangrove Partners Fund (Cayman purchased 215,517 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were purchased at an average cost of $7.20 per share, with a total value of $1,551,722.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.27% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in SXC. JPMorgan Chase & Co. raised its position in SunCoke Energy by 8.5% in the first quarter. JPMorgan Chase & Co. now owns 141,461 shares of the company’s stock valued at $919,000 after buying an additional 11,140 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in SunCoke Energy by 110.7% in the second quarter. BNP Paribas Arbitrage SA now owns 19,770 shares of the company’s stock valued at $115,000 after buying an additional 10,386 shares in the last quarter. California Public Employees Retirement System raised its position in SunCoke Energy by 9.4% in the second quarter. California Public Employees Retirement System now owns 537,700 shares of the company’s stock valued at $3,129,000 after buying an additional 46,000 shares in the last quarter. Magnetar Financial LLC purchased a new position in SunCoke Energy during the first quarter valued at $645,000. Finally, Prudential Financial Inc. raised its position in SunCoke Energy by 2.5% in the first quarter. Prudential Financial Inc. now owns 152,910 shares of the company’s stock valued at $994,000 after buying an additional 3,800 shares in the last quarter. 84.22% of the stock is currently owned by institutional investors and hedge funds.
About SunCoke Energy
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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