Shares of SunCoke Energy (NYSE:SXC) have earned a consensus rating of
“Buy” from the eight analysts that are currently covering the company,
MarketBeat.com reports.
Three research analysts have rated the stock with a hold recommendation
and five have assigned a buy recommendation to the company. The
average 12-month target price among brokerages that have issued a report
on the stock in the last year is $25.60.
Several analysts have recently commented on the stock. Analysts at Zacks
upgraded shares of SunCoke Energy from a “sell” rating to a “hold”
rating in a research note on Wednesday. Analysts at Goldman Sachs
initiated coverage on shares of SunCoke Energy in a research note on
Monday, June 1st. They set a “buy” rating and a $19.00 price target on
the stock. Finally, analysts at JPMorgan Chase & Co. lowered their
price target on shares of SunCoke Energy from $33.00 to $27.00 and set a
“neutral” rating on the stock in a research note on Wednesday, April
15th.
Shares of SunCoke Energy (NYSE:SXC)
traded down 3.36% during mid-day trading on Friday, hitting $12.65.
1,004,408 shares of the company’s stock traded hands. SunCoke Energy has
a 52 week low of $12.57 and a 52 week high of $24.57. The stock’s
50-day moving average is $15.07 and its 200-day moving average is
$16.57. The company’s market cap is $825.16 million.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results
on Thursday, April 23rd. The company reported ($0.03) earnings per share
for the quarter, missing the analysts’ consensus estimate of $0.02 by
$0.05. The company had revenue of $320.40 million for the quarter,
compared to the consensus estimate of $348.03 million. During the same
quarter last year, the company posted ($0.11) earnings per share.
SunCoke Energy’s revenue was down 9.1% compared to the same quarter last
year. Analysts expect that SunCoke Energy will post $0.38 EPS for the
current fiscal year.
The company also recently announced a quarterly dividend, which was
paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 5th
were paid a dividend of $0.075 per share. This represents a $0.30
annualized dividend and a dividend yield of 2.37%. The ex-dividend date
was Friday, May 1st. This is a positive change from SunCoke Energy’s
previous quarterly dividend of $0.06.
SunCoke Energy, Inc. (NYSE:SXC)
is an independent producer of coke, a principal raw material in the
blast furnace steelmaking process. The Company has cokemaking operations
in United States, Brazil and India. The Company’s owns and operates
coal mining operations in Virginia and West Virginia. As of December 31,
2013, the coal mining operations have more than 110 million tons of
proven and probable reserves. The Company operates in four segments.
Domestic Coke, which consists of its cokemaking facilities in the United
States; Brazil Coke, which consists of its operations in Vitoria,
Brazil, where it operates a cokemaking facility for a Brazilian
subsidiary of ArcelorMittal; India Coke, which consists of cokemaking
joint venture in Odisha, India; Coal Logistics, which consists of coal
handling and blending services.
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