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

SunCoke Energy, Inc. (NYSE:SXC) reached a new 52-week high on Monday . The company traded as high as $10.40 and last traded at $10.2970, with a volume of 877636 shares. The stock had previously closed at $10.16.

Analysts Set New Price Targets

SXC has been the topic of several research analyst reports. Wall Street Zen raised SunCoke Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Trading Up 2.6%

The company’s fifty day simple moving average is $8.83 and its 200-day simple moving average is $7.78. The firm has a market capitalization of $884.53 million, a PE ratio of -16.25 and a beta of 0.98. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.25 and a quick ratio of 1.37.

SunCoke Energy (NYSE:SXC) last released its earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. The business had revenue of $475.30 million during the quarter, compared to analysts’ expectations of $445.20 million. During the same quarter in the previous year, the company earned $0.02 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts expect that SunCoke Energy, Inc. will post 0.32 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, August 17th. SunCoke Energy’s payout ratio is presently -75.00%.

Hedge Funds Weigh In On SunCoke Energy

A number of hedge funds have recently made changes to their positions in SXC. Royal Bank of Canada boosted its stake in shares of SunCoke Energy by 20.3% in 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 last quarter. Farther Finance Advisors LLC raised its stake in SunCoke Energy by 69.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock valued at $28,000 after purchasing an additional 1,569 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in SunCoke Energy by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock valued at $458,000 after purchasing an additional 2,064 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in SunCoke Energy by 544.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock valued at $26,000 after purchasing an additional 2,528 shares in the last quarter. Finally, State of Wyoming lifted its holdings in SunCoke Energy by 7.2% in the 2nd quarter. State of Wyoming now owns 39,273 shares of the energy company’s stock valued at $337,000 after purchasing an additional 2,636 shares in the last quarter. Institutional investors and hedge funds 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.