SunCoke Energy (NYSE:SXC) Hits New 52-Week High at $11.53

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

Wall Street Analysts Forecast Growth

SXC has been the subject of a number of recent research reports. StockNews.com cut SunCoke Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 4th. Benchmark reissued a “buy” rating and set a $12.00 price objective on shares of SunCoke Energy in a research report on Thursday, May 2nd.

SunCoke Energy Trading Up 7.6 %

The stock has a fifty day simple moving average of $10.19 and a 200 day simple moving average of $10.55. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.16 and a current ratio of 2.06. The firm has a market cap of $983.62 million, a P/E ratio of 16.44 and a beta of 1.09.

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

Insiders Place Their Bets

In other news, CTO John F. Quanci sold 4,532 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $10.67, for a total transaction of $48,356.44. Following the transaction, the chief technology officer now directly owns 19,922 shares of the company’s stock, valued at approximately $212,567.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.73% of the stock is currently owned by insiders.

Institutional Trading of SunCoke Energy

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in SunCoke Energy during the fourth quarter valued at $31,000. AJOVista LLC bought a new stake in SunCoke Energy during the 4th quarter worth approximately $77,000. Innealta Capital LLC purchased a new position in SunCoke Energy during the second quarter valued at approximately $70,000. Optas LLC bought a new position in shares of SunCoke Energy in the fourth quarter worth approximately $108,000. Finally, Navellier & Associates Inc. purchased a new stake in shares of SunCoke Energy in the fourth quarter worth $112,000. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Company Profile

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.