SunCoke Energy (NYSE:SXC) Sets New 12-Month High – Here’s Why

SunCoke Energy, Inc. (NYSE:SXC)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $8.98 and last traded at $8.9950, with a volume of 368032 shares traded. The stock had previously closed at $8.87.

Analysts Set New Price Targets

SXC has been the topic of a number of analyst reports. B. Riley Financial reduced their price objective on SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings downgraded SunCoke Energy from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $9.00.

SunCoke Energy Stock Performance

The firm has a 50 day simple moving average of $6.84 and a 200-day simple moving average of $7.01. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 1.31. The company has a market cap of $775.05 million, a price-to-earnings ratio of -11.88 and a beta of 0.86.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, April 30th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.13). The business had revenue of $455.10 million for 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%.SunCoke Energy’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS. As a group, analysts predict that SunCoke Energy, Inc. will post 0.2 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.48 annualized dividend and a yield of 5.3%. SunCoke Energy’s dividend payout ratio (DPR) is -62.34%.

Institutional Investors Weigh In On SunCoke Energy

A number of institutional investors have recently modified their holdings of SXC. EverSource Wealth Advisors LLC grew its stake in shares of SunCoke Energy by 544.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock valued at $26,000 after buying an additional 2,528 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of SunCoke Energy by 69.4% in the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock valued at $28,000 after buying an additional 1,569 shares in the last quarter. Signaturefd LLC grew its stake in shares of SunCoke Energy by 44.9% in the fourth quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock valued at $31,000 after buying an additional 1,318 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of SunCoke Energy by 190.0% in the third quarter. Hantz Financial Services Inc. now owns 4,132 shares of the energy company’s stock valued at $34,000 after buying an additional 2,707 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of SunCoke Energy by 176.2% in the second quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock valued at $48,000 after buying an additional 3,582 shares in the last quarter. 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.