SunCoke Energy (NYSE:SXC) Stock Passes Above 200-Day Moving Average – Here’s Why

SunCoke Energy, Inc. (NYSE:SXC)’s share price crossed 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 trading hands.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SXC shares. B. Riley Financial cut their price objective on SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings reissued a “sell (d)” rating on shares of SunCoke Energy in a report on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $9.00.

SunCoke Energy Price Performance

The stock has a market cap of $764.07 million, a price-to-earnings ratio of -11.69 and a beta of 0.96. The stock’s 50 day moving average price is $7.44 and its two-hundred day moving average price is $7.19. The company has a quick ratio of 1.31, a current ratio of 2.23 and a debt-to-equity ratio of 1.09.

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). The business had revenue of $455.10 million during the quarter, compared to analyst estimates of $416.15 million. SunCoke Energy had a positive return on equity of 4.47% and a negative net margin of 3.55%.The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 EPS. Equities research analysts forecast that SunCoke Energy, Inc. will post 0.2 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were paid a $0.12 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.3%. SunCoke Energy’s dividend payout ratio is presently -62.34%.

Institutional Trading of SunCoke Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in SunCoke Energy by 44.9% during the fourth quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,318 shares during the period. Royal Bank of Canada grew its holdings in SunCoke Energy by 20.3% during the first quarter. Royal Bank of Canada now owns 8,437 shares of the energy company’s stock worth $55,000 after acquiring an additional 1,422 shares during the period. Farther Finance Advisors LLC grew its holdings in SunCoke Energy by 69.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock worth $28,000 after acquiring an additional 1,569 shares during the period. Exchange Traded Concepts LLC grew its holdings in SunCoke Energy by 0.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 253,274 shares of the energy company’s stock worth $1,824,000 after acquiring an additional 1,850 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in SunCoke Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock worth $458,000 after acquiring an additional 2,064 shares during the period. 90.45% of the stock is owned by institutional investors and hedge funds.

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.