SunCoke Energy (NYSE:SXC) Sets New 12-Month High – Here’s What Happened
by Sarita Garza · The Markets DailyShares of SunCoke Energy, Inc. (NYSE:SXC – Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $9.75 and last traded at $9.72, with a volume of 61171 shares traded. The stock had previously closed at $9.62.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $9.00.
View Our Latest Stock Analysis on SXC
SunCoke Energy Stock Up 1.4%
The company has a debt-to-equity ratio of 1.07, a current ratio of 2.25 and a quick ratio of 1.37. The company has a market capitalization of $828.00 million, a PE ratio of -15.27 and a beta of 0.98. The business has a 50-day moving average of $8.69 and a 200 day moving average of $7.60.
SunCoke Energy (NYSE:SXC – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. The business had revenue of $475.30 million during the quarter, compared to analysts’ expectations of $445.20 million. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. Equities research analysts predict that SunCoke Energy, Inc. will post 0.2 earnings per share for the current year.
SunCoke Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, August 17th. SunCoke Energy’s payout ratio is currently -75.00%.
Institutional Trading of SunCoke Energy
Large investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. bought a new position in shares of SunCoke Energy in the 2nd quarter valued at about $7,359,000. Bank of America Corp DE increased its stake in SunCoke Energy by 21.0% during the first quarter. Bank of America Corp DE now owns 371,770 shares of the energy company’s stock worth $2,420,000 after acquiring an additional 64,441 shares during the last quarter. Royal Bank of Canada increased its stake in SunCoke Energy by 20.3% during the first quarter. Royal Bank of Canada now owns 8,437 shares of the energy company’s stock worth $55,000 after acquiring an additional 1,422 shares during the last quarter. Empowered Funds LLC raised its position in SunCoke Energy by 16.2% during the first quarter. Empowered Funds LLC now owns 474,814 shares of the energy company’s stock valued at $3,091,000 after purchasing an additional 66,076 shares during the period. Finally, Weiss Asset Management LP purchased a new position in shares of SunCoke Energy in the 1st quarter worth approximately $1,198,000. 90.45% of the stock is currently owned by 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.