SunCoke Energy (NYSE:SXC) Stock Passes Above 200-Day Moving Average – Time to Sell?

SunCoke Energy, Inc. (NYSE:SXC) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.19 and traded as high as $9.24. SunCoke Energy shares last traded at $9.0050, with a volume of 1,322,616 shares traded.

Analysts Set New Price Targets

SXC has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of SunCoke Energy in a research note on Friday, May 29th. B. Riley Financial cut 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, February 18th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $9.00.

SunCoke Energy Stock Performance

The stock has a market cap of $801.41 million, a PE ratio of -12.27 and a beta of 0.96. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 1.31. The business has a 50 day moving average price of $7.55 and a two-hundred day moving average price of $7.23.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Thursday, April 30th. The energy company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). SunCoke Energy had a negative net margin of 3.55% and a positive return on equity of 4.47%. The company had revenue of $455.10 million for the quarter, compared to analysts’ expectations of $416.15 million. During the same period last year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that SunCoke Energy, Inc. will post 0.2 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, May 15th. This represents a $0.48 annualized dividend and a dividend yield of 5.1%. SunCoke Energy’s dividend payout ratio (DPR) is presently -62.34%.

Hedge Funds Weigh In On SunCoke Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. boosted its position in shares of SunCoke Energy by 7.2% during the third quarter. American Century Companies Inc. now owns 3,868,796 shares of the energy company’s stock valued at $31,569,000 after buying an additional 259,727 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of SunCoke Energy by 35.5% in the third quarter. JPMorgan Chase & Co. now owns 442,693 shares of the energy company’s stock worth $3,612,000 after acquiring an additional 115,968 shares during the period. Intech Investment Management LLC grew its stake in shares of SunCoke Energy by 298.2% in the fourth quarter. Intech Investment Management LLC now owns 438,262 shares of the energy company’s stock worth $3,155,000 after acquiring an additional 328,208 shares during the period. Royce & Associates LP raised its holdings in shares of SunCoke Energy by 106.7% during the fourth quarter. Royce & Associates LP now owns 118,406 shares of the energy company’s stock valued at $853,000 after purchasing an additional 61,119 shares during the last quarter. Finally, Inscription Capital LLC purchased a new position in shares of SunCoke Energy during the fourth quarter valued at approximately $103,000. 90.45% of the stock is currently owned by 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.