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Is SunCoke Energy (SXC) Setting Up for a Big Move? | The Mesh Report

Is SunCoke Energy (SXC) Setting Up for a Big Move?

Christian Tharp, CMT October 8, 2021 Comments Off on Is SunCoke Energy (SXC) Setting Up for a Big Move?

SunCoke Energy Inc. (SXC) operates as an independent producer of coke in the Americas. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing-based customers…

SunCoke Energy Inc. (SXC) has benefited from an increased global demand for steel. SXC specializes in cokemaking, which is the process of heating coal to very high temperatures to produce a solid carbonaceous residue. Cokemaking is key in producing steel and since there is tight supply, prices remain elevated.

The firm has a current ratio of 1.6, which means that it has more than enough liquidity to handle short-term obligations. This has led to a Quality Grade of B in our POWR Ratings system. While its EBITDA is down 13% over the past year, it is expected to rise 20% over the next year.

The stock looks undervalued with a forward P/E of 12.87. SXC has shown mixed performance since March of this year. This is evident in the chart below.

Take a look at the 1-year chart of SXC below with added notations…

See chart and continue reading at STOCKNEWS.com



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