Price Action Don’t Lie: What’s Next for SunCoke Energy Inc After Today’s Significant Decline?

Price Action Don't Lie: What's Next for SunCoke Energy Inc After Today's Significant Decline?

The stock of SunCoke Energy Inc (NYSE:SXC) is a huge mover today! About 922,824 shares traded hands. SunCoke Energy Inc (NYSE:SXC) has risen 73.30% since April 14, 2016 and is uptrending. It has outperformed by 68.61% the S&P500.
The move comes after 9 months negative chart setup for the $767.09M company. It was reported on Nov, 16 by Barchart.com. We have $11.02 PT which if reached, will make NYSE:SXC worth $53.70 million less.

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 6 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating given on Friday, October 16 by TheStreet. Bank of America downgraded the shares of SXC in a report on Wednesday, December 9 to “Underperform” rating. The firm has “Outperform” rating by FBR Capital given on Friday, October 21. FBR Capital initiated the stock with “Outperform” rating in Friday, September 18 report.

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 is positive, 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.
Sei last reported 0% of its portfolio in the stock. Blackrock Advsr Llc has 37,271 shares for 0% of their US portfolio. Moreover, Principal Fincl Group has 0% invested in SunCoke Energy Inc (NYSE:SXC) for 462,966 shares. Allianz Asset Ag accumulated 0% or 42,715 shares. Cubist Systematic Strategies Lc holds 0% of its portfolio in SunCoke Energy Inc (NYSE:SXC) for 14,341 shares. Teacher Retirement Sys Of Texas accumulated 8,367 shares or 0% of the stock. Smithfield Tru, a Pennsylvania-based fund reported 212 shares. Tci Wealth Inc last reported 0% of its portfolio in the stock. Guggenheim Capital Limited Liability Company last reported 0% of its portfolio in the stock. Jacobs Levy Equity Mngmt has 263,484 shares for 0.03% of their US portfolio. The Florida-based Finemark Bancorp has invested 0% in SunCoke Energy Inc (NYSE:SXC). Northern Trust Corporation has 774,245 shares for 0% of their US portfolio. Moreover, Blackrock Fund Advisors has 0.01% invested in SunCoke Energy Inc (NYSE:SXC) for 4.37 million shares. Swiss Comml Bank last reported 107,250 shares in the company. Mycio Wealth Prtn Ltd Liability last reported 15 shares in the company.

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

More recent SunCoke Energy Inc (NYSE:SXC) news were published by: Moodys.com which released: “Moody’s changes SunCoke Energy’s outlook to positive” on November 02, 2016. Also Seekingalpha.com published the news titled: “An Analysis Of The Proposed Purchase Of SunCoke Energy Partners By SunCoke …” on November 07, 2016. Businesswire.com‘s news article titled: “SunCoke Energy, Inc. Announces Third Quarter 2016 Results” with publication date: October 20, 2016 was also an interesting one.

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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