SunCoke Energy (NYSE:SXC) Shares Pass Above 200 Day Moving Average – Here’s Why

by · The Cerbat Gem

SunCoke Energy, Inc. (NYSE:SXC – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.41 and traded as high as $8.05. SunCoke Energy shares last traded at $7.7990, with a volume of 813,987 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $9.00.

Get Our Latest Research Report on SunCoke Energy

SunCoke Energy Stock Down 0.3%

The company has a current ratio of 2.23, a quick ratio of 1.31 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $661.75 million, a P/E ratio of -10.13 and a beta of 0.99. The company has a 50 day simple moving average of $8.20 and a two-hundred day simple moving average of $7.41.

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

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Friday, May 15th. SunCoke Energy’s dividend payout ratio (DPR) is presently -62.34%.

Institutional Trading of SunCoke Energy

Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of SunCoke Energy by 13.8% during the first quarter. Royal Bank of Canada now owns 35,957 shares of the energy company’s stock valued at $330,000 after purchasing an additional 4,358 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of SunCoke Energy by 86.3% in the first quarter. AQR Capital Management LLC now owns 366,537 shares of the energy company’s stock worth $3,372,000 after buying an additional 169,813 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of SunCoke Energy by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock worth $458,000 after buying an additional 2,064 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in SunCoke Energy by 70.7% during the first quarter. Dynamic Technology Lab Private Ltd now owns 27,962 shares of the energy company’s stock valued at $257,000 after buying an additional 11,580 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in SunCoke Energy by 126.3% during the second quarter. Hsbc Holdings PLC now owns 49,633 shares of the energy company’s stock valued at $424,000 after buying an additional 27,696 shares during the last quarter. Hedge funds and other 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.

Featured Articles