SunCoke Energy (SXC) Trading 10.3% Higher

SunCoke Energy Inc (NYSE:SXC) traded up 10.3% on Thursday . The stock traded as high as $13.43 and last traded at $13.35. 837,679 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 836,335 shares. The stock had previously closed at $12.10.

Several equities research analysts recently weighed in on the company. B. Riley restated a “buy” rating on shares of SunCoke Energy in a report on Wednesday, November 1st. Zacks Investment Research upgraded SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a report on Saturday, November 18th.

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 company has a market cap of $859.15, a price-to-earnings ratio of 163.15 and a beta of 1.30.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, October 26th. The energy company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $339.00 million during the quarter, compared to analyst estimates of $344.40 million. During the same period in the previous year, the company earned $0.10 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. equities research analysts anticipate 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 business’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 value of $50,528.28. Following the completion of the sale, 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 can be accessed through the SEC website. 3.85% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of SXC. JPMorgan Chase & Co. lifted its holdings in shares of SunCoke Energy by 81.3% during the third quarter. JPMorgan Chase & Co. now owns 1,711,619 shares of the energy company’s stock worth $15,353,000 after buying an additional 767,312 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of SunCoke Energy by 181.4% during the second quarter. Prudential Financial Inc. now owns 420,550 shares of the energy company’s stock worth $4,584,000 after buying an additional 271,100 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of SunCoke Energy by 515.1% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 223,624 shares of the energy company’s stock worth $2,438,000 after buying an additional 187,270 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of SunCoke Energy by 34.7% during the second quarter. Ameriprise Financial Inc. now owns 622,114 shares of the energy company’s stock worth $6,781,000 after buying an additional 160,329 shares during the last quarter. Finally, JHL Capital Group LLC acquired a new position in shares of SunCoke Energy during the second quarter worth approximately $1,635,000. Institutional investors own 90.86% of the company’s stock.

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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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