SunCoke Energy (NYSE:SXC) Stock Crosses 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 Wednesday . The stock has a 200-day moving average of $7.30 and traded as high as $9.09. SunCoke Energy shares last traded at $8.7830, with a volume of 1,616,396 shares traded.

Wall Street Analysts Forecast Growth

SXC has been the topic of several recent research reports. Weiss Ratings raised shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. B. Riley Financial dropped their price target on shares of SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, SunCoke Energy has a consensus rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Price Performance

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 company has a 50-day moving average price of $7.76 and a 200-day moving average price of $7.30. The firm has a market capitalization of $745.24 million, a P/E ratio of -11.41 and a beta of 0.96.

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

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Friday, May 15th. SunCoke Energy’s payout ratio is presently -62.34%.

Institutional Trading of SunCoke Energy

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in SunCoke Energy by 544.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock worth $26,000 after acquiring an additional 2,528 shares during the last quarter. Farther Finance Advisors LLC increased its stake in SunCoke Energy by 69.4% in the fourth 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. Signaturefd LLC increased its stake in SunCoke Energy by 44.9% in the fourth 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. Tower Research Capital LLC TRC raised its holdings in SunCoke Energy by 176.2% in the second quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock worth $48,000 after purchasing an additional 3,582 shares during the period. Finally, Royal Bank of Canada raised its holdings in SunCoke Energy by 20.3% in the first quarter. Royal Bank of Canada now owns 8,437 shares of the energy company’s stock worth $55,000 after purchasing an additional 1,422 shares during the period. 90.45% of the stock is currently owned by institutional investors and hedge funds.

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.