SunCoke Energy (NYSE:SXC) Sets New 12-Month High – Still a Buy?

SunCoke Energy, Inc. (NYSE:SXC) shares hit a new 52-week high on Wednesday . The company traded as high as $11.86 and last traded at $11.84, with a volume of 367394 shares trading hands. The stock had previously closed at $11.01.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SXC. Benchmark reiterated a “buy” rating and issued a $13.00 price objective on shares of SunCoke Energy in a research note on Tuesday. StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

SunCoke Energy Trading Up 10.7 %

The stock has a market cap of $1.03 billion, a P/E ratio of 11.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22. The stock’s fifty day moving average is $8.59 and its 200 day moving average is $9.50.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The business had revenue of $490.10 million for the quarter, compared to the consensus estimate of $412.70 million. During the same quarter last year, the firm posted $0.08 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities research analysts predict that SunCoke Energy, Inc. will post 0.94 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.94%. SunCoke Energy’s payout ratio is 48.00%.

Institutional Trading of SunCoke Energy

A number of institutional investors have recently bought and sold shares of SXC. nVerses Capital LLC lifted its holdings in shares of SunCoke Energy by 488.9% during the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after purchasing an additional 4,400 shares during the period. Innealta Capital LLC purchased a new stake in shares of SunCoke Energy in the 2nd quarter valued at $70,000. Optas LLC purchased a new position in shares of SunCoke Energy during the third quarter worth $88,000. Algert Global LLC acquired a new position in SunCoke Energy during the second quarter valued at $107,000. Finally, Retirement Investment Advisors Inc. purchased a new stake in SunCoke Energy in the second quarter valued at $110,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Company Profile

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.