SunCoke Energy (NYSE:SXC) Hits New 1-Year High – Here’s Why

SunCoke Energy, Inc. (NYSE:SXCGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $9.93 and last traded at $9.8150, with a volume of 166865 shares trading hands. The stock had previously closed at $9.69.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on SXC

SunCoke Energy Stock Performance

The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 2.25. The business has a 50-day moving average price of $8.72 and a 200 day moving average price of $7.72. The stock has a market capitalization of $831.40 million, a P/E ratio of -15.30 and a beta of 0.98.

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

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, August 17th. SunCoke Energy’s payout ratio is currently -75.00%.

Institutional Trading of SunCoke Energy

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in SunCoke Energy by 13.8% in the first quarter. Royal Bank of Canada now owns 35,957 shares of the energy company’s stock worth $330,000 after buying an additional 4,358 shares during the last quarter. AQR Capital Management LLC increased its position in shares of SunCoke Energy by 86.3% during the first quarter. AQR Capital Management LLC now owns 366,537 shares of the energy company’s stock valued at $3,372,000 after acquiring an additional 169,813 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of SunCoke Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock valued at $458,000 after acquiring an additional 2,064 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in SunCoke Energy by 70.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 27,962 shares of the energy company’s stock worth $257,000 after acquiring an additional 11,580 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in SunCoke Energy by 126.3% in the 2nd quarter. Hsbc Holdings PLC now owns 49,633 shares of the energy company’s stock valued at $424,000 after acquiring an additional 27,696 shares in the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Company Profile

(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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