Shares of SunCoke Energy Inc (NYSE:SXC) saw unusually-strong trading volume on Friday . Approximately 1,851,613 shares changed hands during mid-day trading, an increase of 144% from the previous session’s volume of 758,593 shares.The stock last traded at $11.63 and had previously closed at $11.59.
A number of research firms have recently weighed in on SXC. Zacks Investment Research lowered SunCoke Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. B. Riley increased their price target on SunCoke Energy from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, March 6th. Finally, Clarkson Capital raised SunCoke Energy from a “neutral” rating to a “buy” rating in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $13.00.
The stock has a market cap of $748.05, a PE ratio of 6.22 and a beta of 1.14. The company has a current ratio of 1.74, a quick ratio of 1.12 and a debt-to-equity ratio of 1.31.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Wednesday, January 31st. The energy company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). The business had revenue of $359.60 million for the quarter, compared to the consensus estimate of $353.60 million. SunCoke Energy had a net margin of 9.19% and a return on equity of 3.13%. SunCoke Energy’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 EPS. equities analysts anticipate that SunCoke Energy Inc will post 0.26 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of SunCoke Energy in the 4th quarter valued at about $390,000. Municipal Employees Retirement System of Michigan lifted its stake in shares of SunCoke Energy by 3.9% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 157,550 shares of the energy company’s stock valued at $1,889,000 after acquiring an additional 5,910 shares during the last quarter. Millennium Management LLC lifted its stake in shares of SunCoke Energy by 395.1% in the 4th quarter. Millennium Management LLC now owns 192,637 shares of the energy company’s stock valued at $2,310,000 after acquiring an additional 153,728 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of SunCoke Energy by 730.6% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 92,200 shares of the energy company’s stock valued at $1,105,000 after acquiring an additional 81,100 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of SunCoke Energy in the 4th quarter valued at about $1,054,000. 88.78% of the stock is owned by institutional investors.
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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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