SunCoke Energy, Inc. (NYSE:SXC – Get Free Report)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $10.04 and traded as high as $10.21. SunCoke Energy shares last traded at $10.1920, with a volume of 1,342,381 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on SXC shares. Weiss Ratings raised SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, October 6th. B. Riley Financial increased their target price on SunCoke Energy from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, November 2nd. Finally, Wall Street Zen downgraded SunCoke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, November 4th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.00.
Check Out Our Latest Stock Analysis on SXC
SunCoke Energy Price Performance
The firm’s fifty day moving average price is $10.05 and its 200 day moving average price is $8.39. The company has a quick ratio of 1.26, a current ratio of 2.03 and a debt-to-equity ratio of 0.96. The stock has a market cap of $907.79 million, a PE ratio of -16.45 and a beta of 0.94.
SunCoke Energy (NYSE:SXC – Get Free Report) last issued its earnings results on Tuesday, October 27th. The energy company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.14. The firm had revenue of $485.90 million during the quarter, compared to analyst estimates of $456.55 million. SunCoke Energy had a negative net margin of 2.91% and a positive return on equity of 5.68%. SunCoke Energy’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. As a group, equities analysts expect that SunCoke Energy, Inc. will post 0.39 EPS for the current fiscal year.
SunCoke Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, November 17th. This represents a $0.48 annualized dividend and a yield of 4.5%. SunCoke Energy’s payout ratio is presently -73.85%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Ieq Capital LLC grew its position in shares of SunCoke Energy by 32.2% during the third quarter. Ieq Capital LLC now owns 203,759 shares of the energy company’s stock valued at $1,921,000 after purchasing an additional 49,594 shares in the last quarter. Focus Advisor Solutions LLC bought a new stake in shares of SunCoke Energy in the third quarter worth about $117,000. HighTower Advisors LLC purchased a new stake in shares of SunCoke Energy in the third quarter worth about $328,000. Royce & Associates LP lifted its position in shares of SunCoke Energy by 2.7% in the third quarter. Royce & Associates LP now owns 120,124 shares of the energy company’s stock worth $1,133,000 after buying an additional 3,184 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of SunCoke Energy by 126.2% in the third quarter. Russell Investments Group Ltd. now owns 382,719 shares of the energy company’s stock worth $3,603,000 after buying an additional 213,536 shares in the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.
SunCoke Energy Company Profile
SunCoke Energy, Inc. produces coke, a key fuel and carbon input used in blast furnace steelmaking. Its heat-recovery cokemaking process captures heat generated during production for use in generating steam and electricity. The company also provides coal-handling and logistics services, including coal blending, transportation, and the operation of export and transloading terminals. These services support the movement of coal and other bulk materials for steelmakers and other customers. SunCoke was spun off from Sunoco in 2012.
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