SunCoke Energy (NYSE:SXC) Shares Up 6.2%

SunCoke Energy Inc (NYSE:SXC) shot up 6.2% during mid-day trading on Monday . The stock traded as high as $6.72 and last traded at $6.72, 784,240 shares changed hands during trading. A decline of 8% from the average session volume of 851,223 shares. The stock had previously closed at $6.33.

A number of brokerages recently commented on SXC. ValuEngine raised shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research cut SunCoke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday.

The company has a 50-day moving average price of $6.76 and a two-hundred day moving average price of $8.08. The stock has a market cap of $612.92 million, a P/E ratio of 17.88 and a beta of 1.30. The company has a current ratio of 1.84, a quick ratio of 1.00 and a debt-to-equity ratio of 1.15.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Tuesday, July 30th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). The company had revenue of $407.50 million during the quarter, compared to the consensus estimate of $369.30 million. SunCoke Energy had a return on equity of 3.66% and a net margin of 1.66%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, equities analysts forecast that SunCoke Energy Inc will post 0.62 earnings per share for the current fiscal year.

In other news, Director John W. Rowe bought 15,974 shares of SunCoke Energy stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $5.91 per share, with a total value of $94,406.34. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.46% of the company’s stock.

Several large investors have recently made changes to their positions in SXC. Bank of Montreal Can raised its holdings in shares of SunCoke Energy by 31.2% in the first quarter. Bank of Montreal Can now owns 6,521 shares of the energy company’s stock worth $55,000 after buying an additional 1,552 shares during the period. Quantamental Technologies LLC boosted its holdings in SunCoke Energy by 1,354.8% during the 1st quarter. Quantamental Technologies LLC now owns 6,765 shares of the energy company’s stock valued at $57,000 after acquiring an additional 6,300 shares during the period. Royal Bank of Canada grew its position in SunCoke Energy by 103.2% in the 2nd quarter. Royal Bank of Canada now owns 11,786 shares of the energy company’s stock valued at $103,000 after acquiring an additional 5,987 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in SunCoke Energy by 1,779.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 14,263 shares of the energy company’s stock valued at $121,000 after acquiring an additional 13,504 shares during the last quarter. Finally, Fortem Financial Group LLC purchased a new stake in SunCoke Energy in the second quarter worth $127,000. Institutional investors and hedge funds own 81.55% of the company’s stock.

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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