SunCoke Energy (NYSE:SXC) Share Price Passes Above 200 Day Moving Average – What’s Next?

SunCoke Energy, Inc. (NYSE:SXC)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.38 and traded as high as $8.41. SunCoke Energy shares last traded at $8.3870, with a volume of 1,050,667 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings raised SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, SunCoke Energy presently has a consensus rating of “Reduce” and an average target price of $9.00.

SunCoke Energy Trading Down 0.4%

The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 1.31. The firm’s fifty day moving average is $8.05 and its two-hundred day moving average is $7.39. The firm has a market capitalization of $710.62 million, a PE ratio of -10.88 and a beta of 0.96.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, April 30th. The energy company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). The firm had revenue of $455.10 million for the quarter, compared to the consensus estimate of $416.15 million. SunCoke Energy had a positive return on equity of 4.47% and a negative net margin of 3.55%.SunCoke Energy’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 EPS. On average, equities analysts predict that SunCoke Energy, Inc. will post 0.2 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date was Friday, May 15th. SunCoke Energy’s dividend payout ratio is -62.34%.

Institutional Investors Weigh In On SunCoke Energy

Large investors have recently made changes to their positions in the business. Gendell Jeffrey L boosted its holdings in shares of SunCoke Energy by 82.3% in the 4th quarter. Gendell Jeffrey L now owns 1,472,040 shares of the energy company’s stock worth $10,599,000 after buying an additional 664,528 shares during the last quarter. Invesco Ltd. increased its holdings in SunCoke Energy by 72.0% during the second quarter. Invesco Ltd. now owns 1,445,764 shares of the energy company’s stock worth $12,419,000 after buying an additional 605,366 shares during the last quarter. Federated Hermes Inc. increased its holdings in SunCoke Energy by 65.5% during the fourth quarter. Federated Hermes Inc. now owns 1,422,356 shares of the energy company’s stock worth $10,241,000 after buying an additional 562,739 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in SunCoke Energy by 30.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,153,408 shares of the energy company’s stock worth $15,505,000 after acquiring an additional 503,500 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in SunCoke Energy by 119.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 759,682 shares of the energy company’s stock worth $5,470,000 after acquiring an additional 413,579 shares during the period. 90.45% of the stock is owned by hedge funds and other institutional investors.

About SunCoke Energy

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high?quality, low?sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.