SunCoke Energy Inc. (NYSE:SXC) – Equities researchers at FBR & Co increased their Q4 2016 earnings per share estimates for shares of SunCoke Energy in a report released on Thursday. FBR & Co analyst L. Pipes now forecasts that the brokerage will earn $0.32 per share for the quarter, up from their prior estimate of $0.27. FBR & Co also issued estimates for SunCoke Energy’s FY2018 earnings at $0.22 EPS.
Separately, Zacks Investment Research downgraded SunCoke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. SunCoke Energy presently has an average rating of “Hold” and an average target price of $8.50.
SunCoke Energy (NYSE:SXC) opened at 7.28 on Friday. SunCoke Energy has a 1-year low of $2.05 and a 1-year high of $8.21. The firm’s 50-day moving average price is $7.16 and its 200 day moving average price is $6.73. The firm’s market capitalization is $467.22 million.
SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, July 28th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.05. The firm earned $292.70 million during the quarter, compared to analyst estimates of $286.20 million. SunCoke Energy had a negative net margin of 1.02% and a positive return on equity of 0.95%. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) earnings per share.
A number of hedge funds have recently added to or reduced their stakes in SXC. BlackRock Fund Advisors increased its stake in SunCoke Energy by 7.6% in the second quarter. BlackRock Fund Advisors now owns 4,371,434 shares of the company’s stock valued at $25,442,000 after buying an additional 307,181 shares during the period. Dimensional Fund Advisors LP increased its stake in SunCoke Energy by 19.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,305,299 shares of the company’s stock valued at $25,056,000 after buying an additional 692,616 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in SunCoke Energy by 6.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,734,527 shares of the company’s stock valued at $10,095,000 after buying an additional 98,593 shares during the period. Parametric Portfolio Associates LLC increased its stake in SunCoke Energy by 13.6% in the second quarter. Parametric Portfolio Associates LLC now owns 730,178 shares of the company’s stock valued at $4,250,000 after buying an additional 87,603 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in SunCoke Energy by 1,675.2% in the second quarter. Panagora Asset Management Inc. now owns 705,661 shares of the company’s stock valued at $4,107,000 after buying an additional 665,910 shares during the period. Institutional investors and hedge funds own 84.22% of the company’s stock.
In other SunCoke Energy news, major shareholder Mangrove Partners Fund (Cayman bought 291,478 shares of SunCoke Energy stock in a transaction dated Thursday, July 28th. The stock was bought at an average cost of $6.98 per share, for a total transaction of $2,034,516.44. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.27% of the company’s stock.
About SunCoke Energy
SunCoke Energy, Inc is an independent producer of coke in the Americas. The Company also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s segments include Domestic Coke, Brazil Coke, India Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell, Indiana Harbor, Haverhill, Granite City and Middletown cokemaking and heat recovery operations located in Vansant, Virginia; East Chicago, Indiana; Franklin Furnace, Ohio; Granite City, Illinois, and Middletown, Ohio, respectively.
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