SunCoke Energy (NYSE:SXC) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

SunCoke Energy, Inc. (NYSE:SXC)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

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

SunCoke Energy Price Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.31 and a current ratio of 2.23. The stock has a market capitalization of $725.92 million, a PE ratio of -11.11 and a beta of 0.99. The company’s fifty day simple moving average is $8.41 and its two-hundred day simple moving average is $7.47.

SunCoke Energy (NYSE:SXC) last announced 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). The business had revenue of $455.10 million during the quarter, compared to analysts’ expectations of $416.15 million. SunCoke Energy had a negative net margin of 3.55% and a positive return on equity of 4.47%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. As a group, sell-side analysts predict that SunCoke Energy, Inc. will post 0.2 EPS for the current year.

SunCoke Energy Announces Dividend

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

Institutional Investors Weigh In On SunCoke Energy

A number of large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of SunCoke Energy by 544.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock worth $26,000 after acquiring an additional 2,528 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of SunCoke Energy by 69.4% in the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock valued at $28,000 after acquiring an additional 1,569 shares in the last quarter. Signaturefd LLC boosted its stake 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 valued at $31,000 after acquiring an additional 1,318 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of SunCoke Energy by 176.2% during 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 increased its position in SunCoke Energy by 20.3% during the 1st 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 in 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.