SunCoke Energy (NYSE:SXC) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

SunCoke Energy, Inc. (NYSE:SXC) shares 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.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $9.00.

SunCoke Energy Stock Up 0.1%

The company has a market capitalization of $733.53 million, a price-to-earnings ratio of -11.23 and a beta of 0.96. The business has a fifty day simple moving average of $7.80 and a two-hundred day simple moving average of $7.32. The company has a quick ratio of 1.31, a current ratio of 2.23 and a debt-to-equity ratio of 1.09.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, April 30th. The energy company reported ($0.05) earnings per share (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 analyst estimates of $416.15 million. SunCoke Energy had a positive return on equity of 4.47% and a negative net margin of 3.55%.The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. Equities analysts expect that SunCoke Energy, Inc. will post 0.2 EPS for the current year.

SunCoke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.6%. The ex-dividend date was Friday, May 15th. SunCoke Energy’s dividend payout ratio is currently -62.34%.

Institutional Investors Weigh In On SunCoke Energy

Several institutional investors and hedge funds have recently made changes to their positions in SXC. EverSource Wealth Advisors LLC lifted its holdings 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. Farther Finance Advisors LLC increased its holdings 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 worth $28,000 after buying an additional 1,569 shares in the last quarter. Signaturefd LLC increased its holdings in shares of SunCoke Energy by 44.9% during the fourth 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. Tower Research Capital LLC TRC raised its stake in shares of 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 valued at $48,000 after acquiring an additional 3,582 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of SunCoke Energy by 20.3% in the first quarter. Royal Bank of Canada now owns 8,437 shares of the energy company’s stock valued at $55,000 after acquiring an additional 1,422 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 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.