SunCoke Energy (SXC) Shares Down 5.9%

Shares of SunCoke Energy Inc (NYSE:SXC) were down 5.9% during trading on Thursday . The company traded as low as $9.43 and last traded at $9.43. Approximately 879,778 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 873,740 shares. The stock had previously closed at $10.02.

A number of analysts have recently commented on SXC shares. Zacks Investment Research upgraded shares of SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research note on Saturday, November 18th. Clarkson Capital upgraded shares of SunCoke Energy from a “neutral” rating to a “buy” rating in a research note on Friday. Finally, B. Riley reiterated a “buy” rating on shares of SunCoke Energy in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $11.00.

The stock has a market capitalization of $660.79, a P/E ratio of 5.26 and a beta of 1.16. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.74 and a quick ratio of 1.12.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Wednesday, January 31st. The energy company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). SunCoke Energy had a return on equity of 3.13% and a net margin of 9.19%. The company had revenue of $359.60 million during the quarter, compared to the consensus estimate of $353.60 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. research analysts anticipate that SunCoke Energy Inc will post 0.12 earnings per share for the current fiscal year.

In other news, insider Phillip Michael Hardesty sold 4,444 shares of SunCoke Energy stock in a transaction that occurred on Thursday, November 30th. The shares were 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 $797,730.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.85% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alambic Investment Management L.P. bought a new stake in SunCoke Energy during the fourth quarter valued at approximately $133,000. Fox Run Management L.L.C. bought a new stake in SunCoke Energy during the third quarter valued at approximately $124,000. Piedmont Investment Advisors LLC bought a new stake in SunCoke Energy during the second quarter valued at approximately $152,000. Quantbot Technologies LP bought a new stake in SunCoke Energy during the third quarter valued at approximately $142,000. Finally, Virtu Financial LLC bought a new stake in SunCoke Energy during the fourth quarter valued at approximately $197,000. Institutional investors own 91.34% 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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