SunCoke Energy (NYSE:SXC) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of SunCoke Energy, Inc. (NYSE:SXC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of SunCoke Energy in a report on Monday, December 22nd. B. Riley reduced their price target on shares of SunCoke Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, SunCoke Energy currently has a consensus rating of “Hold” and a consensus price target of $10.00.

SunCoke Energy Stock Performance

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 stock has a market cap of $672.70 million, a P/E ratio of 10.45 and a beta of 0.95. The stock has a 50-day simple moving average of $7.33 and a 200-day simple moving average of $7.63.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Tuesday, November 4th. The energy company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12. The company had revenue of $487.00 million for the quarter, compared to the consensus estimate of $349.30 million. SunCoke Energy had a net margin of 3.53% and a return on equity of 9.11%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. Research analysts forecast that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Announces Dividend

The business also recently declared 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 was Monday, November 17th. This represents a $0.48 annualized dividend and a dividend yield of 6.0%. SunCoke Energy’s dividend payout ratio is 63.16%.

Insider Activity at SunCoke Energy

In other news, Director Ratta Ralph M. Della, Jr. acquired 7,288 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average price of $6.86 per share, with a total value of $49,995.68. Following the acquisition, the director directly owned 86,293 shares in the company, valued at $591,969.98. The trade was a 9.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.49% of the company’s stock.

Hedge Funds Weigh In On SunCoke Energy

Large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake 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 boosted its position in SunCoke Energy by 86.3% during the 1st 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in SunCoke Energy by 4.3% during the 1st 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 during the period. Dynamic Technology Lab Private Ltd grew its holdings in SunCoke Energy by 70.7% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 27,962 shares of the energy company’s stock worth $257,000 after acquiring an additional 11,580 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in SunCoke Energy by 138.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 27,556 shares of the energy company’s stock valued at $240,000 after acquiring an additional 16,008 shares during the period. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Company Profile

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.