SunCoke Energy (NYSE:SXC) Share Price Passes Above 200-Day Moving Average – Should You Sell?

SunCoke Energy, Inc. (NYSE:SXC)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.51 and traded as high as $8.66. SunCoke Energy shares last traded at $8.5950, with a volume of 1,303,734 shares traded.

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 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. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Trading Up 2.8%

The firm has a market cap of $729.29 million, a price-to-earnings ratio of -11.16 and a beta of 0.99. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.31 and a current ratio of 2.23. The business has a fifty day moving average of $8.52 and a two-hundred day moving average of $7.51.

SunCoke Energy (NYSE:SXC) last issued 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). The firm had revenue of $455.10 million for the quarter, compared to analyst estimates of $416.15 million. SunCoke Energy had a positive return on equity of 4.47% and a negative net margin of 3.55%.The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 earnings per share. As a group, equities analysts expect that SunCoke Energy, Inc. will post 0.2 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were given a $0.12 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.6%. SunCoke Energy’s dividend payout ratio (DPR) is currently -62.34%.

Hedge Funds Weigh In On SunCoke Energy

Several hedge funds have recently added to or reduced their stakes in SXC. Royal Bank of Canada raised its position in shares of SunCoke Energy by 13.8% during the 1st quarter. Royal Bank of Canada now owns 35,957 shares of the energy company’s stock worth $330,000 after purchasing an additional 4,358 shares during the last quarter. AQR Capital Management LLC boosted its position in SunCoke Energy by 86.3% during the first quarter. AQR Capital Management LLC now owns 366,537 shares of the energy company’s stock worth $3,372,000 after acquiring an additional 169,813 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in SunCoke Energy by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock worth $458,000 after acquiring an additional 2,064 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in SunCoke Energy by 70.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 27,962 shares of the energy company’s stock valued at $257,000 after acquiring an additional 11,580 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of SunCoke Energy by 126.3% during the 2nd quarter. Hsbc Holdings PLC now owns 49,633 shares of the energy company’s stock worth $424,000 after purchasing an additional 27,696 shares during the period. 90.45% of the stock is currently 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.