SunCoke Energy (SXC) Sets New 52-Week Low at $8.68

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.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, October 25th. The energy company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.17. The business had revenue of $364.50 million during the quarter, compared to analyst estimates of $330.25 million. SunCoke Energy had a net margin of 10.99% and a return on equity of 5.00%. Analysts anticipate that SunCoke Energy Inc will post 0.43 EPS for the current fiscal year.

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.

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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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