Stocks of SunCoke Energy Inc. (SXC) are poised to climb above their peers

SunCoke Energy Inc. (NYSE: SXC) stock fell -2.66% on Wednesday to $7.32 against a previous-day closing price of $7.52. With 0.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.73 million shares. During the session, the Coking Coal company that operates in wider Basic Materials sector, reached to the highest price of $7.51 whereas the lowest price it dropped to was $7.29. The 52-week range on SXC shows that it touched its highest point at $10.43 and its lowest point at $5.72 during that stretch. It currently has a 1-year price target of $11.00. With its current market cap of 611.22 million, SXC has annualized dividend of $0.32 while the current yield stands at 4.37%. Beta for the stock currently stands at 1.21.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SXC was down-trending over the past week, with a drop of -2.27%, but this was down by -8.27% over a month. Three-month performance dropped to -20.78% while six-month performance fell -10.29%. The stock lost -9.41% in the past year, while it has lost -15.18% so far this year. A look at the trailing 12-month EPS for SXC yields 1.03 with Next year EPS estimates of 0.63. For the next quarter, that number is 0.19. This implies an EPS growth rate of 129.60% for this year and -19.23% for next year. EPS is expected to grow by 8.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 34.50%.

Float and Shares Shorts:

At present, 84.50 million SXC shares are outstanding with a float of 82.64 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.75 million, which was 2.09% higher than short shares on Mar 30, 2023. In addition to Mr. Michael G. Rippey as the firm’s CEO & Director, Ms. Katherine T. Gates serves as its Pres, Chief Legal Officer, Chief HR Officer & Director.

Institutional Ownership:

Through their ownership of 86.10% of SXC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 77.87% of SXC, in contrast to 56.00% held by mutual funds. Shares owned by individuals account for 32.61%. As the largest shareholder in SXC with 16.07% of the stake, BlackRock Fund Advisors holds 13,401,276 shares worth 13,401,276. A second-largest stockholder of SXC, The Vanguard Group, Inc., holds 6,829,651 shares, controlling over 8.19% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in SXC, holding 6,095,304 shares or 7.31% stake. With a 7.26% stake in SXC, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 6,053,628 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.02% of SXC stock, is the second-largest Mutual Fund holder. It holds 2,522,025 shares valued at 19.62 million. DFA US Small Cap Value Portfolio holds 2.61% of the stake in SXC, owning 2,174,126 shares worth 16.91 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, SXC reported revenue of $501.90M and operating income of $34.50M. The EBITDA in the recently reported quarter was $70.30M and diluted EPS was $0.21.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SXC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SXC analysts setting a high price target of $12.00 and a low target of $10.00, the average target price over the next 12 months is $11.00. Based on these targets, SXC could surge 63.93% to reach the target high and rise by 36.61% to reach the target low. Reaching the average price target will result in a growth of 50.27% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded SXC stock several times over the past three months with 3 Buys and 4 Sells. In these transactions, 26,570 shares were bought while 35,807 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 570,959 while 230,875 shares were sold.

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