SunCoke Energy (NYSE:SXC) Hits New 12-Month Low – Here’s Why

SunCoke Energy, Inc. (NYSE:SXC) shares hit a new 52-week low on Friday . The company traded as low as $6.16 and last traded at $6.2610, with a volume of 219257 shares trading hands. The stock had previously closed at $6.43.

Analysts Set New Price Targets

Several analysts have commented on SXC shares. Weiss Ratings restated a “hold (c-)” rating on shares of SunCoke Energy in a report on Monday, December 22nd. 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 research note on Wednesday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.00.

SunCoke Energy Stock Down 3.8%

The company has a quick ratio of 1.17, a current ratio of 2.11 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $523.68 million, a PE ratio of -11.86 and a beta of 0.98. The company’s fifty day moving average price is $7.67 and its 200-day moving average price is $7.59.

SunCoke Energy (NYSE:SXC) last released its earnings results on Tuesday, February 17th. The energy company reported ($1.00) EPS for the quarter, missing the consensus estimate of $0.10 by ($1.10). SunCoke Energy had a positive return on equity of 7.43% and a negative net margin of 2.41%.The company had revenue of $480.20 million during the quarter, compared to the consensus estimate of $437.45 million. During the same period last year, the firm posted $0.28 earnings per share. The company’s revenue was down 1.2% compared to the same quarter last year. Analysts forecast that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.48 annualized dividend and a yield of 7.8%. SunCoke Energy’s payout ratio is 63.16%.

Hedge Funds Weigh In On SunCoke Energy

A number of hedge funds have recently added to or reduced their stakes in SXC. 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 valued at $26,000 after purchasing an additional 2,528 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of SunCoke Energy by 80.6% during the second quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,620 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of SunCoke Energy by 69.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock valued at $28,000 after buying an additional 1,569 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in SunCoke Energy by 190.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,132 shares of the energy company’s stock worth $34,000 after buying an additional 2,707 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in SunCoke Energy by 44.9% in the 4th quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock worth $31,000 after buying an additional 1,318 shares in the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

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.