SunCoke Energy’s (SXC) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c) rating on shares of SunCoke Energy (NYSE:SXC) in a report released on Friday morning,Weiss Ratings reports.

SunCoke Energy Stock Performance

Shares of SXC opened at $7.96 on Friday. The firm has a 50-day moving average of $7.95 and a 200-day moving average of $8.30. SunCoke Energy has a one year low of $7.18 and a one year high of $12.82. The company has a market cap of $673.55 million, a PE ratio of 9.25 and a beta of 1.07. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.61 and a quick ratio of 1.45.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Wednesday, July 30th. The energy company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.13). SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The firm had revenue of $434.10 million during the quarter, compared to the consensus estimate of $348.05 million. During the same period last year, the business earned $0.25 EPS. The business’s revenue was down 7.8% on a year-over-year basis. As a group, equities analysts forecast that SunCoke Energy will post 0.71 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Friday, August 15th. SunCoke Energy’s dividend payout ratio (DPR) is 55.81%.

Institutional Trading of SunCoke Energy

Hedge funds have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of SunCoke Energy by 7.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,733 shares of the energy company’s stock worth $187,000 after buying an additional 1,547 shares during the period. Legal & General Group Plc boosted its holdings in shares of SunCoke Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 223,115 shares of the energy company’s stock worth $1,917,000 after buying an additional 1,560 shares during the period. GAMMA Investing LLC boosted its holdings in shares of SunCoke Energy by 41.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,330 shares of the energy company’s stock worth $46,000 after buying an additional 1,571 shares during the period. Allworth Financial LP boosted its holdings in shares of SunCoke Energy by 80.6% during the 2nd quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock worth $31,000 after buying an additional 1,620 shares during the period. Finally, Quarry LP boosted its holdings in shares of SunCoke Energy by 16.5% during the 1st quarter. Quarry LP now owns 13,611 shares of the energy company’s stock worth $125,000 after buying an additional 1,923 shares during the period. Institutional investors and hedge funds own 90.45% of the company’s stock.

About SunCoke Energy

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.