SunCoke Energy (NYSE:SXC) Stock Price Passes Above 200-Day Moving Average – Here’s Why

by · The Markets Daily

SunCoke Energy, Inc. (NYSE:SXC – Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.63 and traded as high as $8.02. SunCoke Energy shares last traded at $7.9450, with a volume of 1,113,744 shares.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. B. Riley lowered their price target on SunCoke Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SunCoke Energy in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, SunCoke Energy presently has an average rating of “Hold” and an average target price of $10.00.

Check Out Our Latest Stock Report on SXC

SunCoke Energy Stock Down 0.9%

The company has a debt-to-equity ratio of 0.96, a current ratio of 2.12 and a quick ratio of 1.17. The business has a 50 day moving average price of $7.35 and a 200 day moving average price of $7.63. The firm has a market capitalization of $665.93 million, a P/E ratio of 10.35 and a beta of 0.95.

SunCoke Energy (NYSE:SXC – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The energy company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.12. SunCoke Energy had a return on equity of 9.11% and a net margin of 3.53%.The firm had revenue of $487.00 million during the quarter, compared to analysts’ expectations of $349.30 million. During the same period in the previous year, the business posted $0.36 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts predict that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.48 annualized dividend and a dividend yield of 6.1%. SunCoke Energy’s dividend payout ratio (DPR) is currently 63.16%.

Insiders Place Their Bets

In other news, Director Ratta Ralph M. Della, Jr. bought 7,288 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was bought at an average cost of $6.86 per share, for a total transaction of $49,995.68. Following the transaction, the director owned 86,293 shares of the company’s stock, valued at $591,969.98. This represents a 9.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.49% of the stock is owned by corporate insiders.

Institutional Trading of SunCoke Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC grew its position in SunCoke Energy by 44.9% in the 4th quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,318 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of SunCoke Energy by 7.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,733 shares of the energy company’s stock valued at $187,000 after buying an additional 1,547 shares in the last quarter. Legal & General Group Plc raised its stake in shares of SunCoke Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 223,115 shares of the energy company’s stock valued at $1,917,000 after purchasing an additional 1,560 shares during the period. Farther Finance Advisors LLC increased its holdings in SunCoke Energy by 69.4% during the 4th quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock worth $28,000 after acquiring an additional 1,569 shares during the period. Finally, GAMMA Investing LLC boosted its stake in SunCoke Energy by 41.8% during the second quarter. GAMMA Investing LLC now owns 5,330 shares of the energy company’s stock valued at $46,000 after buying an additional 1,571 shares during the period. Institutional investors own 90.45% of the company’s stock.

SunCoke Energy Company Profile

(Get Free Report)

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.

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