SunCoke Energy, Inc. (NYSE:SXC) Director James E. Sweetnam sold 11,715 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $9.09, for a total transaction of $106,489.35. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $181,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
SunCoke Energy, Inc. (NYSE SXC) opened at 8.77 on Wednesday. The firm’s market cap is $564.17 million. The stock has a 50 day moving average price of $9.07 and a 200 day moving average price of $9.30. SunCoke Energy, Inc. has a 1-year low of $6.36 and a 1-year high of $13.14.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Thursday, July 27th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.07. The firm had revenue of $323.20 million during the quarter, compared to the consensus estimate of $347.90 million. SunCoke Energy had a positive return on equity of 3.27% and a negative net margin of 0.01%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.07) EPS. On average, analysts anticipate that SunCoke Energy, Inc. will post ($0.34) EPS for the current year.
A number of research analysts have recently commented on SXC shares. Zacks Investment Research raised shares of SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Wednesday, July 19th. BidaskClub cut shares of SunCoke Energy from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, TheStreet cut shares of SunCoke Energy from a “c-” rating to a “d+” rating in a report on Friday, August 4th.
Large investors have recently added to or reduced their stakes in the stock. Strs Ohio lifted its position in SunCoke Energy by 15.6% in the 1st quarter. Strs Ohio now owns 79,400 shares of the energy company’s stock worth $711,000 after buying an additional 10,700 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in SunCoke Energy in the 1st quarter worth approximately $616,000. Quantitative Investment Management LLC bought a new stake in SunCoke Energy in the 1st quarter worth approximately $395,000. Ameriprise Financial Inc. lifted its position in SunCoke Energy by 30.8% in the 1st 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. Finally, Russell Investments Group Ltd. lifted its position in SunCoke Energy by 37.8% in the 1st quarter. Russell Investments Group Ltd. now owns 443,968 shares of the energy company’s stock worth $3,978,000 after buying an additional 121,774 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.
About SunCoke Energy
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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