2024-03-28 07:47:43 ET
Summary
- SunCoke Energy may announce a new coke contract with Cleveland-Cliffs and the potential completion of a foundry coke expansion project.
- Analysts have increased their expectations for SXC, and the company has recently reduced its debt.
- While there are risks from environmental laws and changes in coke prices, the current stock price of SunCoke Energy appears cheap.
SunCoke Energy, Inc. ( SXC ) recently provided information about a new coke contract with Cleveland-Cliffs ( CLF ), potential completion of the foundry coke expansion project, and long-term contracts. Given the recent increase in EPS expectations delivered by several analysts, 3.69% dividend yield , and recent debt reduction, SXC could bring surprises in the coming years. There are risks from changes in the environmental laws and changes in the price of coke, however I think that SXC is cheap at its current price mark.
SunCoke
With more than 60 years of activity dedicated to the exploitation and manufacture of carbon coke on the American continent, SunCoke is an independent company that currently has five high-voltage furnace facilities for the treatment of coal and the manufacture of coke....
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SunCoke: Long-Term Contracts And Dividend Payments Make It A Buy