SunCoke Energy (NYSE:SXC) Reaches New 52-Week High – Here’s What Happened

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. B. Riley Financial decreased their price objective on shares of 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 lowered shares of SunCoke Energy from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $9.00.

Check Out Our Latest Analysis on SXC

SunCoke Energy Stock Performance

The firm’s fifty day moving average price is $6.97 and its 200 day moving average price is $7.04. The company has a current ratio of 2.23, a quick ratio of 1.31 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $768.32 million, a price-to-earnings ratio of -11.77 and a beta of 0.86.

SunCoke Energy (NYSE:SXCGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The energy company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). SunCoke Energy had a positive return on equity of 4.47% and a negative net margin of 3.55%.The company had revenue of $455.10 million during the quarter, compared to analyst estimates of $416.15 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Analysts forecast that SunCoke Energy, Inc. will post 0.2 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

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 issued a dividend of $0.12 per share. The ex-dividend date is Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a yield of 5.3%. SunCoke Energy’s dividend payout ratio is -62.34%.

Institutional Investors Weigh In On SunCoke Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in SunCoke Energy by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 7,024,864 shares of the energy company’s stock worth $50,579,000 after buying an additional 33,535 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in SunCoke Energy by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,410,182 shares of the energy company’s stock worth $35,222,000 after buying an additional 68,996 shares in the last quarter. American Century Companies Inc. lifted its holdings in SunCoke Energy by 7.2% during the 3rd quarter. American Century Companies Inc. now owns 3,868,796 shares of the energy company’s stock worth $31,569,000 after buying an additional 259,727 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in SunCoke Energy by 10.9% during the 4th quarter. Renaissance Technologies LLC now owns 2,663,161 shares of the energy company’s stock worth $19,175,000 after buying an additional 261,400 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in SunCoke Energy by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 2,238,567 shares of the energy company’s stock worth $16,120,000 after buying an additional 19,084 shares in the last quarter. 90.45% of the stock is currently owned by institutional investors and hedge funds.

About SunCoke Energy

(Get Free Report)

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.

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