SunCoke Energy downgraded by B. Riley Securities with a new price target
$SXC
Steel/Iron Ore
Industrials
B. Riley Securities downgraded SunCoke Energy from Buy to Neutral and set a new price target of $11.00 from $12.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/3/2023 | $12.00 → $11.00 | Buy → Neutral | B. Riley Securities |
Third quarter 2024 net income was $33.3 million, compared to $8.5 million in the prior year period; third quarter 2024 net income attributable to SXC was $30.7 million, or $0.36 per diluted share, compared to $7.0 million, or $0.08 per diluted share in the prior year period Consolidated Adjusted EBITDA(1) for the quarter was $75.3 million, compared to $65.4 million in the prior year period Received a regulatory exemption from the United States Department of Labor (DOL), eliminating the majority of our legacy black lung liabilities in exchange for a one-time payment of $36.0 million, resulting in a one-time gain of $9.5 million Extended Granite City coke supply agreement with U.S. Ste
Today, SunCoke Energy, Inc. (NYSE:SXC) announced that its Board of Directors declared a cash dividend of $0.12 per share of the Company's common stock to be paid on December 2, 2024 to stockholders of record at the close of business on November 14, 2024. ABOUT SUNCOKE ENERGY, INC. SunCoke Energy, Inc. (NYSE:SXC) supplies high-quality coke to domestic and international customers. Our coke is used in the blast furnace production of steel as well as the foundry production of casted iron, with the majority of sales under long-term, take-or-pay contracts. We also export coke to overseas customers seeking high-quality product for their blast furnaces. Our process utilizes an innovative heat-rec
SunCoke Energy, Inc. (NYSE:SXC) plans to release its third quarter 2024 financial results on Thursday, October 31, 2024, before trading opens on the New York Stock Exchange. SXC will host its quarterly earnings call at 11:00 am ET on October 31, 2024. The conference call will be webcast live at https://event.choruscall.com/mediaframe/webcast.html?webcastid=jnUmKXiR and archived for replay in the Investors section of www.suncoke.com. Investors and analysts may participate in this call by dialing 1-866-652-5200 in the U.S. or 1-412-902-6510 if outside the U.S., and asking to be joined into the SunCoke Energy, Inc call. ABOUT SUNCOKE ENERGY, INC. SunCoke Energy, Inc. (NYSE:SXC) supplies hig
4 - SunCoke Energy, Inc. (0001514705) (Issuer)
4 - SunCoke Energy, Inc. (0001514705) (Issuer)
4 - SunCoke Energy, Inc. (0001514705) (Issuer)
Third quarter 2024 net income was $33.3 million, compared to $8.5 million in the prior year period; third quarter 2024 net income attributable to SXC was $30.7 million, or $0.36 per diluted share, compared to $7.0 million, or $0.08 per diluted share in the prior year period Consolidated Adjusted EBITDA(1) for the quarter was $75.3 million, compared to $65.4 million in the prior year period Received a regulatory exemption from the United States Department of Labor (DOL), eliminating the majority of our legacy black lung liabilities in exchange for a one-time payment of $36.0 million, resulting in a one-time gain of $9.5 million Extended Granite City coke supply agreement with U.S. Ste
Today, SunCoke Energy, Inc. (NYSE:SXC) announced that its Board of Directors declared a cash dividend of $0.12 per share of the Company's common stock to be paid on December 2, 2024 to stockholders of record at the close of business on November 14, 2024. ABOUT SUNCOKE ENERGY, INC. SunCoke Energy, Inc. (NYSE:SXC) supplies high-quality coke to domestic and international customers. Our coke is used in the blast furnace production of steel as well as the foundry production of casted iron, with the majority of sales under long-term, take-or-pay contracts. We also export coke to overseas customers seeking high-quality product for their blast furnaces. Our process utilizes an innovative heat-rec
SunCoke Energy, Inc. (NYSE:SXC) plans to release its third quarter 2024 financial results on Thursday, October 31, 2024, before trading opens on the New York Stock Exchange. SXC will host its quarterly earnings call at 11:00 am ET on October 31, 2024. The conference call will be webcast live at https://event.choruscall.com/mediaframe/webcast.html?webcastid=jnUmKXiR and archived for replay in the Investors section of www.suncoke.com. Investors and analysts may participate in this call by dialing 1-866-652-5200 in the U.S. or 1-412-902-6510 if outside the U.S., and asking to be joined into the SunCoke Energy, Inc call. ABOUT SUNCOKE ENERGY, INC. SunCoke Energy, Inc. (NYSE:SXC) supplies hig
LISLE, Ill., March 7, 2022 /PRNewswire/ -- SunCoke Energy, Inc. (NYSE:SXC) announced today that SunCoke's Board of Directors has appointed Mark W. Marinko as the company's Senior Vice President and Chief Financial Officer, effective March 7, 2022. Marinko, 60, has more than 30 years of professional experience, during which he has held various roles specializing in accounting, finance, and business systems. From June 2014 until September 30, 2021, he was Senior Vice President and Chief Financial Officer of Great Lakes Dredge & Dock Corporation, a major provider of dredging serv
B. Riley Securities downgraded SunCoke Energy from Buy to Neutral and set a new price target of $11.00 from $12.00 previously
10-Q - SunCoke Energy, Inc. (0001514705) (Filer)
8-K - SunCoke Energy, Inc. (0001514705) (Filer)
10-Q - SunCoke Energy, Inc. (0001514705) (Filer)
As of July 19, 2024, three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Sherwin-Williams Co (NYSE:SHW) On July 17, Sherwin-Williams declared a dividend of 71.5 cents
Benchmark analyst Nathan Martin reiterates SunCoke Energy (NYSE:SXC) with a Buy and maintains $12 price target.
2024 OUTLOOK Our 2024 guidance is as follows: Domestic Coke total production is expected to be approximately 4.1 million tons Consolidated Net Income is expected to be between $67 million and $84 million Consolidated Adjusted EBITDA is expected be between $240 million and $255 million Capital expenditures are projected to be between $75 million and $80 million Operating cash flow is estimated to be between $185 million to $200 million Cash taxes are projected to be between $20 million to $25 million
SC 13G/A - SunCoke Energy, Inc. (0001514705) (Subject)
SC 13G - SunCoke Energy, Inc. (0001514705) (Subject)
SC 13G/A - SunCoke Energy, Inc. (0001514705) (Subject)
4 - SunCoke Energy, Inc. (0001514705) (Issuer)