SunCoke Energy (NYSE:SXC) Stock Price Down 4.4% – What’s Next?

SunCoke Energy, Inc. (NYSE:SXC) fell 4.4% on Thursday . The stock traded as low as $10.07 and last traded at $10.1050. 202,446 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 1,601,354 shares. The stock had previously closed at $10.57.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SXC. Wall Street Zen upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, SunCoke Energy presently has an average rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Stock Performance

The stock’s 50-day simple moving average is $9.03 and its 200 day simple moving average is $7.86. The company has a market capitalization of $875.91 million, a PE ratio of -16.12 and a beta of 1.02. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 2.25.

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

SunCoke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Monday, August 17th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Monday, August 17th. SunCoke Energy’s payout ratio is -75.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Weiss Asset Management LP purchased a new stake in SunCoke Energy during the first quarter worth approximately $1,198,000. BlackRock Inc. purchased a new position in SunCoke Energy in the second quarter valued at approximately $72,643,000. Deutsche Bank AG purchased a new position in SunCoke Energy in the second quarter valued at approximately $841,000. Assenagon Asset Management S.A. acquired a new stake in SunCoke Energy during the second quarter worth approximately $7,359,000. Finally, Quantbot Technologies LP acquired a new stake in SunCoke Energy during the second quarter worth approximately $887,000. 90.45% of the stock is owned by institutional investors and hedge funds.

About SunCoke Energy

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.