Shares of SunCoke Energy Inc (NYSE:SXC) shot up 6.6% during mid-day trading on Friday . The company traded as high as $12.25 and last traded at $12.17. 910,005 shares changed hands during trading, an increase of 32% from the average session volume of 687,071 shares. The stock had previously closed at $11.42.
A number of research firms recently issued reports on SXC. Zacks Investment Research raised shares of SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research report on Saturday, November 18th. B. Riley reissued a “buy” rating on shares of SunCoke Energy in a research report on Wednesday, November 1st. Finally, BidaskClub raised shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th.
The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.04 and a current ratio of 1.58. The firm has a market cap of $731.08, a PE ratio of 152.14 and a beta of 1.31.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, October 26th. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.26. SunCoke Energy had a net margin of 0.42% and a return on equity of 4.60%. The company had revenue of $339.00 million during the quarter, compared to the consensus estimate of $344.40 million. During the same quarter last year, the company earned $0.10 earnings per share. SunCoke Energy’s revenue for the quarter was up 15.3% on a year-over-year basis. equities analysts anticipate that SunCoke Energy Inc will post -0.16 EPS for the current year.
In other SunCoke Energy news, insider Phillip Michael Hardesty sold 4,444 shares of the 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 owns 70,161 shares of the company’s stock, valued at $797,730.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.85% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of SXC. Aperio Group LLC grew its position in SunCoke Energy by 32.8% in the second quarter. Aperio Group LLC now owns 28,242 shares of the energy company’s stock valued at $308,000 after acquiring an additional 6,978 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of SunCoke Energy by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 46,951 shares of the energy company’s stock valued at $512,000 after buying an additional 484 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of SunCoke Energy by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 33,530 shares of the energy company’s stock valued at $365,000 after buying an additional 100 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of SunCoke Energy by 9.0% during the 2nd quarter. Legal & General Group Plc now owns 116,671 shares of the energy company’s stock valued at $1,272,000 after buying an additional 9,611 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of SunCoke Energy by 56.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 19,627 shares of the energy company’s stock valued at $214,000 after buying an additional 7,059 shares during the last quarter. 90.86% of the stock is owned by institutional investors.
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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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