SunCoke Energy (SXC) Trading Up 6.6%
SunCoke Energy Inc (NYSE:SXC)’s share price was up 6.6% during mid-day trading on Friday . The stock traded as high as $12.25 and last traded at $12.17. Approximately 910,005 shares changed hands during trading, an increase of 32% from the average daily volume of 687,071 shares. The stock had previously closed at $11.42.
Several equities analysts recently issued reports on SXC shares. Zacks Investment Research upgraded SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, November 1st. B. Riley restated a “buy” rating on shares of SunCoke Energy in a research report on Wednesday, November 1st.
The company has a quick ratio of 1.04, a current ratio of 1.58 and a debt-to-equity ratio of 1.69. The stock has a market cap of $734.94, a PE ratio of 152.14 and a beta of 1.31.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, October 26th. The energy company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.26. SunCoke Energy had a return on equity of 4.60% and a net margin of 0.42%. The business had revenue of $339.00 million for the quarter, compared to analyst estimates of $344.40 million. During the same period last year, the company earned $0.10 EPS. SunCoke Energy’s revenue for the quarter was up 15.3% compared to the same quarter last year. equities analysts forecast that SunCoke Energy Inc will post -0.16 earnings per share for the current fiscal year.
In related news, insider Phillip Michael Hardesty sold 4,444 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $11.37, for a total transaction of $50,528.28. Following the transaction, the insider now directly owns 70,161 shares in the company, valued at approximately $797,730.57. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.85% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP lifted its holdings in SunCoke Energy by 112.1% in the 3rd quarter. GSA Capital Partners LLP now owns 77,968 shares of the energy company’s stock worth $713,000 after buying an additional 41,204 shares during the period. Engineers Gate Manager LP purchased a new position in shares of SunCoke Energy in the 3rd quarter valued at approximately $331,000. Pinebridge Investments L.P. lifted its stake in shares of SunCoke Energy by 768.2% in the 3rd quarter. Pinebridge Investments L.P. now owns 73,554 shares of the energy company’s stock valued at $672,000 after purchasing an additional 65,082 shares during the period. Wells Fargo & Company MN lifted its stake in shares of SunCoke Energy by 2.3% in the 3rd quarter. Wells Fargo & Company MN now owns 552,012 shares of the energy company’s stock valued at $5,047,000 after purchasing an additional 12,212 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of SunCoke Energy in the 3rd quarter valued at approximately $617,000. Institutional investors and hedge funds own 90.86% of the company’s stock.
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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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