SunCoke Energy (NYSE:SXC) Hits New 52-Week Low – Here’s What Happened

SunCoke Energy, Inc. (NYSE:SXC)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $6.66 and last traded at $6.7350, with a volume of 425642 shares trading hands. The stock had previously closed at $6.95.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of SunCoke Energy in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

SunCoke Energy Stock Up 1.7%

The business has a 50 day simple moving average of $7.95 and a 200 day simple moving average of $8.20. The company has a market capitalization of $571.92 million, a price-to-earnings ratio of 7.85 and a beta of 1.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.61 and a quick ratio of 1.45.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Tuesday, November 4th. The energy company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.12. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The firm had revenue of $487.00 million for the quarter, compared to the consensus estimate of $349.30 million. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities analysts predict that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, November 17th. SunCoke Energy’s dividend payout ratio is currently 63.16%.

Insider Activity at SunCoke Energy

In other SunCoke Energy news, Director Ratta Ralph M. Della, Jr. acquired 7,288 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price of $6.86 per share, for a total transaction of $49,995.68. Following the completion of the acquisition, the director owned 86,293 shares of the company’s stock, valued at approximately $591,969.98. This trade represents a 9.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.49% of the company’s stock.

Institutional Trading of SunCoke Energy

Several hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in SunCoke Energy during the 3rd quarter worth approximately $240,000. Denali Advisors LLC purchased a new stake in shares of SunCoke Energy during the 3rd quarter worth $89,000. JPMorgan Chase & Co. grew its stake in shares of SunCoke Energy by 35.5% during the third quarter. JPMorgan Chase & Co. now owns 442,693 shares of the energy company’s stock worth $3,612,000 after purchasing an additional 115,968 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of SunCoke Energy by 5.5% during the third quarter. Public Sector Pension Investment Board now owns 432,835 shares of the energy company’s stock worth $3,532,000 after purchasing an additional 22,600 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in SunCoke Energy by 3.3% in the third quarter. Rhumbline Advisers now owns 258,231 shares of the energy company’s stock valued at $2,107,000 after buying an additional 8,134 shares during the last quarter. Institutional investors and hedge funds 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.