Worth Watching: Does SunCoke Energy Inc Have Any Gas After Today’s Huge Increase?

Worth Watching: Does SunCoke Energy Inc Have Any Gas After Today's Huge Increase?

The stock of SunCoke Energy Inc (NYSE:SXC) is a huge mover today! About 123,702 shares traded hands. SunCoke Energy Inc (NYSE:SXC) has risen 24.52% since March 7, 2016 and is uptrending. It has outperformed by 16.93% the S&P500.
The move comes after 8 months positive chart setup for the $517.77 million company. It was reported on Oct, 10 by Barchart.com. We have $12.23 PT which if reached, will make NYSE:SXC worth $258.89M more.

SunCoke Energy Inc (NYSE:SXC) Ratings Coverage

Out of 4 analysts covering SunCoke Energy (NYSE:SXC), 2 rate it a “Buy”, 2 “Sell”, while 0 “Hold”. This means 50% are positive. SunCoke Energy has been the topic of 5 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by FBR Capital given on Friday, September 18. The firm has “Sell” rating by TheStreet given on Friday, October 16. Bank of America downgraded the shares of SXC in a report on Wednesday, December 9 to “Underperform” rating.

According to Zacks Investment Research, “SunCoke Energy, Inc is a producer of metallurgical coke in the Americas. The Company acquires, owns, and operates the coke making and coal mining operations. Its coke making facilities are in the United States and Brazil.”

Insitutional Activity: The institutional sentiment increased to 1.64 in Q2 2016. Its up 0.50, from 1.14 in 2016Q1. The ratio increased, as 15 funds sold all SunCoke Energy Inc shares owned while 35 reduced positions. 31 funds bought stakes while 51 increased positions. They now own 53.43 million shares or 0.74% more from 53.04 million shares in 2016Q1.
Geode Management Lc reported 411,884 shares or 0% of all its holdings. Mangrove Prtn last reported 7.63 million shares in the company. Barclays Public Ltd Co accumulated 0% or 40 shares. California State Teachers Retirement Systems holds 0% of its portfolio in SunCoke Energy Inc (NYSE:SXC) for 135,208 shares. Da Davidson & reported 108 shares or 0% of all its holdings. Teacher Retirement Systems Of Texas owns 8,367 shares or 0% of their US portfolio. Us Retail Bank De has invested 0% of its portfolio in SunCoke Energy Inc (NYSE:SXC). Blackrock Group has invested 0% of its portfolio in SunCoke Energy Inc (NYSE:SXC). Metropolitan Life Insurance Company Ny holds 0% or 51,660 shares in its portfolio. Balyasny Asset Mgmt Lc last reported 0% of its portfolio in the stock. Citadel Lc has 461,938 shares for 0% of their US portfolio. Moreover, Blackrock Inv Mgmt Ltd Liability Corporation has 0% invested in SunCoke Energy Inc (NYSE:SXC) for 309,497 shares. Nantahala Ltd Liability, a Connecticut-based fund reported 464,182 shares. Moreover, Brown Brothers Harriman And Company has 0% invested in SunCoke Energy Inc (NYSE:SXC) for 5,775 shares. South Dakota Council accumulated 17,400 shares or 0% of the stock.

Insider Transactions: Since July 28, 2016, the stock had 2 buys, and 0 sales for $3.58 million net activity. Shares for $2.03 million were bought by Mangrove Partners Master Fund – Ltd. on Thursday, July 28.

More notable recent SunCoke Energy Inc (NYSE:SXC) news were published by: Fool.com which released: “Why SunCoke Energy Inc.’s Shares Fell Nearly 25% in November” on December 09, 2015, also Moodys.com with their article: “Moody’s downgrades SunCoke Energy’s corporate family rating to B2 from Ba3 …” published on February 04, 2016, Businesswire.com published: “SunCoke Energy, Inc. Announces Two Additions to Board of Directors” on February 19, 2016. More interesting news about SunCoke Energy Inc (NYSE:SXC) were released by: Businesswire.com and their article: “SunCoke Energy, Inc. and SunCoke Energy Partners, L.P. Issue Statement on …” published on June 16, 2015 as well as Businesswire.com‘s news article titled: “SunCoke Energy, Inc. to Discuss 2016 Operating and Capital Allocation …” with publication date: December 17, 2015.

SXC Company Profile

SunCoke Energy, Inc., incorporated on December 8, 2010, is an independent producer of coke in the Americas, which is a principal raw material in the blast furnace steelmaking process. The Firm also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s divisions include Domestic Coke, Brazil Coke, India Coke, Coal Logistics, and Corporate and Other. The Firm owns and operates over five cokemaking facilities in the eastern and midwestern regions of the United States. The Firm controls approximately 110 million tons of coal mining reserves in Virginia and West Virginia.

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