SunCoke Energy Inc. (NYSE: SXC): Stock That Needs Special Handling


    Mangrove Partners recently announced the acquisition of new stake in SunCoke Energy Inc. (NYSE:SXC). The institutional investor has increased its shareholding in the Basic Materials company by 13.36% to 5.79 million shares with purchase of 0.68 million shares. This fresh investment now brings its stake to 7.00% valued currently at $17.14 million. In addition, Dimensional Fund Advisors LP raised its holdings by 88141.0 to 5.64 million shares. And Renaissance Technologies LLC has lifted its position by 3.41% or 0.17 million shares – to 5.24 million shares.

    With over 0.31 million SunCoke Energy Inc. (SXC) shares trading Friday and a closing price of $3.29 on the day, the dollar volume was approximately $1.03 million. The shares have shown a positive weekly performance of 10.40% and its price on 07/24/20 gained nearly 2.17%. Currently, there are 83.70M common shares owned by the public and among those 82.13M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for SXC have a consensus price objective of $8.00. The analysts have set the share’s price value over the next 12 months at a high of $8.00 and a low of $8.00 should the stock experience a downside. Incidentally, analysts’ outlook for the SunCoke Energy Inc. stock is 2.30 for the next 12 months. But an upside of 58.88% will see the stock hit the forecast high price target while mean target price for the stock is $8.00.

    Insiders at the company have transacted a total of 41 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 26 of these insider trades were purchases, accounting for 137,412 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 14,270 shares.

    The top 3 mutual fund holders in SunCoke Energy Inc. are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and Nuveen Small Cap Value Fund. iShares Core S&P Small Cap ETF owns 5.11 million shares of the company’s stock, all valued at over $15.14 million. Nuveen Small Cap Value Fund sold -0.86 million shares to bring its total holdings to over 1.78 million shares at a value of $5.28 million. Nuveen Small Cap Value Fund now owns shares totaling to 2.15% of the shares outstanding.

    Shares of SunCoke Energy Inc. (NYSE: SXC) opened at $3.21, down -$0.01 from a prior closing price of $3.22. However, the script later closed the day at $3.29, up 2.17%. The company’s stock has a 5-day price change of 10.40% and 26.05% over the past three months. SXC shares are trading -47.19% year to date (YTD), with the 12-month market performance down to -63.24% lower. It has a 12-month low price of $2.33 and touched a high of $9.13 over the same period. Currently, 0.31 million shares have been traded, compared to an average intraday trading volume of 1.05 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.47%, 4.91%, and -25.97% respectively.

    Institutional ownership of SunCoke Energy Inc. (NYSE: SXC) shares accounts for 89.80% of the company’s 83.70M shares outstanding. Mutual fund holders own 48.83%, while other institutional holders and individual stakeholders account for 77.60% and 39.57% respectively.

    It has a market capitalization of $274.85M and a beta (3y monthly) value of 0.85. The earnings-per-share (ttm) stands at -$1.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.80% over the week and 6.08% over the month.

    Analysts forecast that SunCoke Energy Inc. (SXC) will achieve an EPS of -$0.07 for the current quarter, -$0.13 for the next quarter and $0.3 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.16 while analysts give the company a high EPS estimate of $0.01. Comparatively, EPS for the current quarter was $0.03 a year ago. Earnings per share for the fiscal year are expected to decrease by -595.80%, and 236.40% over the next financial year. EPS should grow at an annualized rate of 8.00% over the next five years, compared to -1.60% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate SunCoke Energy Inc. (SXC) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the SXC, a number of firms have released research notes about the stock. The Benchmark Company stated their Hold rating for the stock in a research note on February 06, 2020, with the firm’s price target at. B. Riley FBR coverage for the SunCoke Energy Inc. (SXC) stock in a research note released on December 05, 2019 offered a Buy rating with a price target of. B. Riley FBR was of a view on September 30, 2019 that the stock is Neutral, while Seaport Global Securities gave the stock Buy rating on April 03, 2018, issuing a price target of $13. Clarksons Platou on their part issued Buy rating on February 09, 2018.


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