SunCoke Energy (NYSE:SXC) Shares Down 16.2% – Time to Sell?

Shares of SunCoke Energy, Inc. (NYSE:SXC) dropped 16.2% during mid-day trading on Thursday . The stock traded as low as $7.47 and last traded at $7.8450. 577,740 shares were traded during trading, a decline of 64% from the average session volume of 1,600,613 shares. The stock had previously closed at $9.36.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Stock Down 12.8%

The stock has a 50-day simple moving average of $8.67 and a two-hundred day simple moving average of $7.58. The firm has a market cap of $692.80 million, a PE ratio of -10.60 and a beta of 0.99. 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 posted its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. SunCoke Energy had a negative net margin of 3.55% and a positive return on equity of 4.47%. The business had revenue of $475.30 million during the quarter, compared to the consensus estimate of $445.20 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. Analysts expect that SunCoke Energy, Inc. will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SXC. Weiss Asset Management LP bought a new stake in SunCoke Energy during the first quarter worth about $1,198,000. Intech Investment Management LLC increased its holdings in shares of SunCoke Energy by 298.2% in the 4th quarter. Intech Investment Management LLC now owns 438,262 shares of the energy company’s stock worth $3,155,000 after purchasing an additional 328,208 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SunCoke Energy by 35.5% during the third quarter. JPMorgan Chase & Co. now owns 442,693 shares of the energy company’s stock valued at $3,612,000 after purchasing an additional 115,968 shares during the last quarter. Aristeia Capital L.L.C. increased its position in SunCoke Energy by 191.5% during the fourth quarter. Aristeia Capital L.L.C. now owns 107,653 shares of the energy company’s stock valued at $775,000 after acquiring an additional 70,718 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in SunCoke Energy by 676.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 105,904 shares of the energy company’s stock valued at $689,000 after buying an additional 92,271 shares during the last quarter. Institutional investors own 90.45% of the company’s stock.

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.