SunCoke Energy (NYSE:SXC) Trading Down 4.2% – Here’s What Happened

SunCoke Energy, Inc. (NYSE:SXC) shares were down 4.2% during mid-day trading on Thursday . The stock traded as low as $9.42 and last traded at $9.55. Approximately 83,638 shares were traded during trading, a decline of 90% from the average daily volume of 806,154 shares. The stock had previously closed at $9.96.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SXC. Benchmark reissued a “buy” rating and issued a $13.00 target price on shares of SunCoke Energy in a research note on Tuesday, November 5th. StockNews.com raised SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

SunCoke Energy Stock Down 4.7 %

The stock has a market capitalization of $798.43 million, a price-to-earnings ratio of 9.52 and a beta of 1.08. The firm has a 50-day moving average of $11.14 and a 200 day moving average of $10.04. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. On average, sell-side analysts anticipate that SunCoke Energy, Inc. will post 1.14 earnings per share for the current year.

SunCoke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.06%. SunCoke Energy’s dividend payout ratio is presently 48.00%.

Institutional Investors Weigh In On SunCoke Energy

Several hedge funds and other institutional investors have recently modified their holdings of SXC. Bank of Montreal Can increased its stake in SunCoke Energy by 111.3% during the second quarter. Bank of Montreal Can now owns 176,260 shares of the energy company’s stock valued at $1,729,000 after purchasing an additional 92,827 shares during the last quarter. AXA S.A. raised its stake in SunCoke Energy by 103.0% during the second quarter. AXA S.A. now owns 21,688 shares of the energy company’s stock worth $213,000 after acquiring an additional 11,003 shares during the period. Algert Global LLC bought a new position in SunCoke Energy in the second quarter worth about $107,000. Creative Planning grew its holdings in shares of SunCoke Energy by 28.5% during the second quarter. Creative Planning now owns 55,905 shares of the energy company’s stock valued at $548,000 after purchasing an additional 12,387 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of SunCoke Energy during the 2nd quarter worth approximately $420,000. Institutional investors own 90.45% of the company’s stock.

SunCoke Energy Company Profile

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.