B.Riley FBR Thinks SunCoke Energy’s Stock is Going to Recover


B.Riley FBR analyst Lucas Pipes maintained a Buy rating on SunCoke Energy (SXCP) on November 9 and set a price target of $20. The company’s shares closed on Friday at $14.28, close to its 52-week low of $13.36.

According to TipRanks.com, Pipes is a 3-star analyst with an average return of 1.8% and a 52.2% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Novagold Resources Inc New, and Hallador Energy Company.

The word on The Street in general, suggests a Hold analyst consensus rating for SunCoke Energy.

See today’s analyst top recommended stocks >>

Based on SunCoke Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $14.9 million. In comparison, last year the company earned revenue of $214 million and had a net profit of $20.7 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SunCoke Energy Partners LP manufactures coke used in the blast furnace production of steel. The company operates its business through two segments: Domestic Coke and Coal Logistics. The Domestic Coke segment consists of its Haverhill and Middletown coke making and heat recovery operations located in Franklin Furnace, Ohio and Middletown, Ohio, respectively.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts