SunCoke Energy, Inc. (NYSE:SXC) was downgraded by investment analysts at TheStreet from a “c-” rating to a “d+” rating in a research note issued on Friday.
A number of other brokerages have also weighed in on SXC. Zacks Investment Research upgraded shares of SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a report on Saturday, April 29th. BidaskClub lowered shares of SunCoke Energy from a “sell” rating to a “strong sell” rating in a report on Friday.
SunCoke Energy (NYSE SXC) opened at 8.37 on Friday. The firm’s market capitalization is $538.43 million. SunCoke Energy has a 12 month low of $6.28 and a 12 month high of $13.14. The firm has a 50-day moving average of $10.30 and a 200 day moving average of $9.49.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, July 27th. The energy company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.07. The firm had revenue of $323.20 million during the quarter, compared to analyst estimates of $347.90 million. SunCoke Energy had a negative net margin of 0.01% and a positive return on equity of 3.27%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) EPS. Equities research analysts forecast that SunCoke Energy will post ($0.34) earnings per share for the current year.
In related news, major shareholder Mangrove Partners Master Fund, sold 41,131 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $11.01, for a total transaction of $452,852.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Mangrove Partners Fund (Cayman sold 179,828 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $11.22, for a total transaction of $2,017,670.16. The disclosure for this sale can be found here. Insiders have sold a total of 850,551 shares of company stock valued at $9,415,508 over the last quarter. 3.85% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Strs Ohio raised its stake in SunCoke Energy by 15.6% in the first quarter. Strs Ohio now owns 79,400 shares of the energy company’s stock worth $711,000 after buying an additional 10,700 shares in the last quarter. Quantitative Investment Management LLC bought a new position in shares of SunCoke Energy during the first quarter worth about $395,000. Alambic Investment Management L.P. bought a new position in shares of SunCoke Energy during the first quarter worth about $616,000. Advisor Partners LLC increased its position in shares of SunCoke Energy by 3.1% in the first quarter. Advisor Partners LLC now owns 11,724 shares of the energy company’s stock worth $105,000 after buying an additional 356 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of SunCoke Energy by 30.8% in the first quarter. Ameriprise Financial Inc. now owns 461,785 shares of the energy company’s stock worth $4,136,000 after buying an additional 108,695 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.
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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