Shares of SunCoke Energy Inc (NYSE:SXC) reached a new 52-week low on Friday . The company traded as low as $8.68 and last traded at $8.76, with a volume of 5346 shares. The stock had previously closed at $8.85.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Saturday, October 27th. ValuEngine lowered shares of SunCoke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. Finally, B. Riley reaffirmed a “buy” rating and issued a $14.00 price objective on shares of SunCoke Energy in a research note on Friday, November 9th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $13.00.
The stock has a market cap of $553.60 million, a P/E ratio of 16.76 and a beta of 0.71. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.13 and a current ratio of 1.65.
Several hedge funds have recently added to or reduced their stakes in SXC. BlackRock Inc. lifted its position in shares of SunCoke Energy by 8.3% during the second quarter. BlackRock Inc. now owns 9,215,417 shares of the energy company’s stock valued at $123,487,000 after buying an additional 706,312 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of SunCoke Energy by 18.3% during the second quarter. Renaissance Technologies LLC now owns 4,098,600 shares of the energy company’s stock valued at $54,921,000 after buying an additional 635,200 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of SunCoke Energy during the third quarter valued at about $4,569,000. Acadian Asset Management LLC lifted its position in shares of SunCoke Energy by 76.9% during the third quarter. Acadian Asset Management LLC now owns 715,081 shares of the energy company’s stock valued at $8,312,000 after buying an additional 310,900 shares during the last quarter. Finally, Crestline Management LP purchased a new stake in shares of SunCoke Energy during the third quarter valued at about $1,796,000. 88.57% of the stock is owned by institutional investors and hedge funds.
About SunCoke Energy (NYSE:SXC)
SunCoke Energy, Inc operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.
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