In a report released today, Nathan Martin from Benchmark Co. reiterated a Buy rating on Suncoke Energy (SXC – Research Report), with a price target of $12.00. The company’s shares closed yesterday at $9.85.
Martin covers the Basic Materials sector, focusing on stocks such as Arch Resources, Teck Resources, and Warrior Met Coal. According to TipRanks, Martin has an average return of 28.5% and a 63.41% success rate on recommended stocks.
Currently, the analyst consensus on Suncoke Energy is a Moderate Buy with an average price target of $12.00.
The company has a one-year high of $11.48 and a one-year low of $6.50. Currently, Suncoke Energy has an average volume of 909.4K.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SXC in relation to earlier this year.
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Suncoke Energy (SXC) Company Description:
SunCoke Energy, Inc. is engaged in the production of coke through heating metallurgical coal in a refractory oven. It operates through the following segments: Domestic Coke, Brazil Coke and Logistics. The Domestic Coke segment consists of 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. The Brazil Coke segment comprises of its operations in Vitória. The Logistics segment includes the handling and mixing service operations in East Chicago, Indiana; Ceredo, West Virginia; Belle, West Virginia; Catlettsburg, Kentucky; and Convent, Louisiana. The company was founded in December 2010 and is headquartered in Lisle, IL.
