SunCoke Energy (NYSE:SXC) Hits New 1-Year High at $11.53

SunCoke Energy, Inc. (NYSE:SXC)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $11.53 and last traded at $11.51, with a volume of 89012 shares changing hands. The stock had previously closed at $10.87.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SXC shares. StockNews.com cut SunCoke Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 4th. Benchmark restated a “buy” rating and set a $12.00 price objective on shares of SunCoke Energy in a report on Thursday, May 2nd.

SunCoke Energy Stock Performance

The firm’s 50 day simple moving average is $10.19 and its 200-day simple moving average is $10.55. The company has a market capitalization of $983.62 million, a price-to-earnings ratio of 16.44 and a beta of 1.09. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.16 and a current ratio of 2.06.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. SunCoke Energy had a return on equity of 9.48% and a net margin of 2.97%. The firm had revenue of $488.40 million during the quarter, compared to the consensus estimate of $549.40 million. During the same period in the prior year, the business earned $0.19 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. Analysts expect that SunCoke Energy, Inc. will post 0.9 EPS for the current year.

Insider Transactions at SunCoke Energy

In other SunCoke Energy news, CTO John F. Quanci sold 4,532 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $10.67, for a total value of $48,356.44. Following the completion of the sale, the chief technology officer now owns 19,922 shares in the company, valued at approximately $212,567.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.73% of the stock is owned by insiders.

Hedge Funds Weigh In On SunCoke Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates raised its stake in shares of SunCoke Energy by 66.4% during the 4th quarter. Raymond James & Associates now owns 42,017 shares of the energy company’s stock worth $451,000 after purchasing an additional 16,772 shares in the last quarter. Ballentine Partners LLC lifted its stake in SunCoke Energy by 92.9% in the fourth quarter. Ballentine Partners LLC now owns 23,908 shares of the energy company’s stock valued at $257,000 after acquiring an additional 11,514 shares during the last quarter. New York State Teachers Retirement System grew its position in SunCoke Energy by 14.6% in the fourth quarter. New York State Teachers Retirement System now owns 52,735 shares of the energy company’s stock worth $566,000 after acquiring an additional 6,700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of SunCoke Energy by 10.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,622 shares of the energy company’s stock worth $404,000 after purchasing an additional 3,413 shares during the last quarter. Finally, Optas LLC acquired a new stake in shares of SunCoke Energy in the 4th quarter valued at $108,000. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

About SunCoke Energy

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. 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.