SunCoke Energy (NYSE:SXC) Reaches New 12-Month High – What’s Next?

SunCoke Energy, Inc. (NYSE:SXC)’s stock price hit a new 52-week high during trading on Monday. The stock traded as high as $11.50 and last traded at $11.4480, with a volume of 36,905 shares trading hands. The stock had previously closed at $11.33.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings upgraded SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. Wall Street Zen upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, October 27th. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, SunCoke Energy presently has an average rating of “Hold” and an average target price of $9.00.

SunCoke Energy Stock Up 2.2%

The firm has a fifty day simple moving average of $9.98 and a 200-day simple moving average of $8.29. The company has a market capitalization of $982.85 million, a PE ratio of -17.83 and a beta of 1.01. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.26 and a current ratio of 2.03.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Tuesday, October 27th. The energy company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.14. SunCoke Energy had a positive return on equity of 5.68% and a negative net margin of 2.91%. The business had revenue of $485.90 million during the quarter, compared to the consensus estimate of $456.55 million. During the same period last year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts anticipate that SunCoke Energy, Inc. will post 0.32 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 17th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, November 17th. SunCoke Energy’s payout ratio is -73.85%.

Institutional Investors Weigh In On SunCoke Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Vise Technologies Inc. bought a new stake in SunCoke Energy during the third quarter valued at $120,000. VestGen Advisors LLC acquired a new position in shares of SunCoke Energy in the 3rd quarter valued at about $145,000. Sterling Capital Management LLC boosted its holdings in shares of SunCoke Energy by 1,729.8% in the 3rd quarter. Sterling Capital Management LLC now owns 31,820 shares of the energy company’s stock valued at $300,000 after buying an additional 30,081 shares during the period. Nisa Investment Advisors LLC grew its position in shares of SunCoke Energy by 193.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,288 shares of the energy company’s stock valued at $106,000 after buying an additional 7,440 shares during the last quarter. Finally, CWA Asset Management Group LLC grew its position in shares of SunCoke Energy by 14.3% during the 3rd quarter. CWA Asset Management Group LLC now owns 291,253 shares of the energy company’s stock valued at $2,747,000 after buying an additional 36,422 shares during the last quarter. 90.45% of the stock is owned by institutional investors and hedge funds.

SunCoke Energy Company Profile

SunCoke Energy, Inc (NYSE:SXC) is a producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company converts coal into coke through high-temperature processing and captures the resulting heat to generate energy, which can support its facilities and be sold to customers.

SunCoke operates coke-making facilities and related coal-handling, storage and logistics assets, primarily serving integrated steel producers in the United States. Its operations are designed to provide customers with a consistent supply of coke while also generating electricity and recovering other byproducts from the coke-production process.

The company was separated from Sunoco and became a publicly traded company in 2011.