SunCoke Energy, Inc. (NYSE:SXC) – FBR & Co dropped their Q4 2016 earnings estimates for SunCoke Energy in a research report issued to clients and investors on Tuesday. FBR & Co analyst L. Pipes now expects that the brokerage will post earnings of $0.19 per share for the quarter, down from their prior estimate of $0.25. FBR & Co currently has a “Outperform” rating and a $11.00 target price on the stock.
Separately, Zacks Investment Research lowered shares of SunCoke Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 28th.
SunCoke Energy (NYSE:SXC) traded up 1.08% during mid-day trading on Wednesday, reaching $11.18. 214,019 shares of the company were exchanged. SunCoke Energy has a 1-year low of $2.05 and a 1-year high of $13.14. The stock has a 50-day moving average of $11.77 and a 200 day moving average of $9.01. The firm has a market capitalization of $717.91 million, a P/E ratio of 43.67 and a beta of 1.34.
Hedge funds have recently modified their holdings of the company. Gendell Jeffrey L raised its stake in SunCoke Energy by 70.0% in the third quarter. Gendell Jeffrey L now owns 934,268 shares of the company’s stock worth $7,493,000 after buying an additional 384,543 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in SunCoke Energy by 110.7% in the second quarter. BNP Paribas Arbitrage SA now owns 19,770 shares of the company’s stock worth $115,000 after buying an additional 10,386 shares during the last quarter. California Public Employees Retirement System raised its stake in SunCoke Energy by 9.4% in the second quarter. California Public Employees Retirement System now owns 537,700 shares of the company’s stock worth $3,129,000 after buying an additional 46,000 shares during the last quarter. Ameriprise Financial Inc. raised its stake in SunCoke Energy by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 323,147 shares of the company’s stock worth $1,881,000 after buying an additional 11,548 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in SunCoke Energy by 2.6% in the second quarter. Principal Financial Group Inc. now owns 462,966 shares of the company’s stock worth $2,695,000 after buying an additional 11,929 shares during the last quarter. Institutional investors own 84.15% 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.