SunCoke Energy (NYSE:SXC) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of SunCoke Energy, Inc. (NYSE:SXC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.19 and traded as high as $9.24. SunCoke Energy shares last traded at $9.0050, with a volume of 1,322,616 shares traded.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of SunCoke Energy in a report on Friday, May 29th. B. Riley Financial lowered their target price on SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Stock Down 1.2%

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 stock has a market capitalization of $764.07 million, a PE ratio of -11.69 and a beta of 0.96. The business has a 50 day moving average of $7.44 and a two-hundred day moving average of $7.19.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, April 30th. The energy company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). The company had revenue of $455.10 million for the quarter, compared to analysts’ expectations of $416.15 million. SunCoke Energy had a positive return on equity of 4.47% and a negative net margin of 3.55%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. Analysts predict that SunCoke Energy, Inc. will post 0.2 EPS for the current year.

SunCoke Energy Announces Dividend

The company also recently disclosed 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 dividend yield of 5.3%. The ex-dividend date was Friday, May 15th. SunCoke Energy’s payout ratio is -62.34%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC increased its stake in SunCoke Energy by 44.9% during the 4th quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,318 shares in the last quarter. Royal Bank of Canada increased its stake in SunCoke Energy by 20.3% during the 1st quarter. Royal Bank of Canada now owns 8,437 shares of the energy company’s stock valued at $55,000 after purchasing an additional 1,422 shares in the last quarter. Farther Finance Advisors LLC increased its stake 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 valued at $28,000 after purchasing an additional 1,569 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in SunCoke Energy by 0.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 253,274 shares of the energy company’s stock valued at $1,824,000 after purchasing an additional 1,850 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 valued at $458,000 after purchasing an additional 2,064 shares in the last quarter. 90.45% of the stock is owned by institutional investors and hedge funds.

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.