SunCoke Energy, Inc. (NYSE:SXC – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $9.88 and traded as high as $11.12. SunCoke Energy shares last traded at $10.5190, with a volume of 1,766,825 shares changing hands.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on SXC. Weiss Ratings raised shares of SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, October 6th. Wall Street Zen raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.00.
Check Out Our Latest Analysis on SXC
SunCoke Energy Price Performance
The company has a market capitalization of $936.31 million, a price-to-earnings ratio of -16.97 and a beta of 1.01. The company has a quick ratio of 1.37, a current ratio of 2.03 and a debt-to-equity ratio of 0.96. The stock’s 50-day moving average price is $9.94 and its 200-day moving average price is $8.28.
SunCoke Energy (NYSE:SXC – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.14. The firm had revenue of $485.90 million during the quarter, compared to analysts’ expectations of $456.55 million. SunCoke Energy had a negative net margin of 2.91% and a positive return on equity of 5.68%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 earnings per share. Equities research analysts anticipate that SunCoke Energy, Inc. will post 0.32 earnings per share for the current year.
SunCoke Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 17th will be given a $0.12 dividend. The ex-dividend date is Tuesday, November 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.4%. SunCoke Energy’s dividend payout ratio is currently -75.00%.
Institutional Trading of SunCoke Energy
Several hedge funds have recently added to or reduced their stakes in the business. Vise Technologies Inc. acquired a new position in shares of SunCoke Energy during the third quarter worth about $120,000. VestGen Advisors LLC acquired a new stake in shares of SunCoke Energy in the third quarter valued at approximately $145,000. Sterling Capital Management LLC lifted its position in SunCoke Energy by 1,729.8% during the 3rd quarter. Sterling Capital Management LLC now owns 31,820 shares of the energy company’s stock worth $300,000 after buying an additional 30,081 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in SunCoke Energy by 193.3% during the third quarter. Nisa Investment Advisors LLC now owns 11,288 shares of the energy company’s stock worth $106,000 after acquiring an additional 7,440 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its holdings in shares of SunCoke Energy by 14.3% in the 3rd quarter. CWA Asset Management Group LLC now owns 291,253 shares of the energy company’s stock valued at $2,747,000 after buying an additional 36,422 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.
About SunCoke Energy
SunCoke Energy, Inc (NYSE:SXC) is a producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company converts coal into coke through high-temperature processing and captures the resulting heat to generate energy, which can support its facilities and be sold to customers.
SunCoke operates coke-making facilities and related coal-handling, storage and logistics assets, primarily serving integrated steel producers in the United States. Its operations are designed to provide customers with a consistent supply of coke while also generating electricity and recovering other byproducts from the coke-production process.
The company was separated from Sunoco and became a publicly traded company in 2011.
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