SunCoke Energy (NYSE:SXC) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

SunCoke Energy, Inc. (NYSE:SXC)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.46 and traded as high as $8.51. SunCoke Energy shares last traded at $8.4250, with a volume of 957,376 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SunCoke Energy presently has an average rating of “Reduce” and a consensus price target of $9.00.

SunCoke Energy Trading Up 2.5%

The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 1.31. The company’s 50 day moving average is $8.38 and its two-hundred day moving average is $7.46. The firm has a market cap of $714.86 million, a P/E ratio of -10.94 and a beta of 0.99.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results 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). SunCoke Energy had a negative net margin of 3.55% and a positive return on equity of 4.47%. The firm had revenue of $455.10 million for the quarter, compared to the consensus estimate of $416.15 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders 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 5.7%. SunCoke Energy’s dividend payout ratio (DPR) is currently -62.34%.

Institutional Trading of SunCoke Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of 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. Royal Bank of Canada lifted its position 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. Farther Finance Advisors LLC boosted its stake in SunCoke Energy by 69.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock worth $28,000 after buying an additional 1,569 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in SunCoke Energy by 0.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 253,274 shares of the energy company’s stock worth $1,824,000 after buying an additional 1,850 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in SunCoke Energy by 4.3% during the first 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 in the last quarter. 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.