SunCoke Energy (NYSE:SXC) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of SunCoke Energy, Inc. (NYSE:SXC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.70 and traded as high as $9.52. SunCoke Energy shares last traded at $9.4350, with a volume of 1,662,641 shares.

Analyst Upgrades and Downgrades

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

SunCoke Energy Stock Up 3.4%

The company has a current ratio of 2.25, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock has a market cap of $825.03 million, a P/E ratio of -15.19 and a beta of 0.98. The firm has a 50-day simple moving average of $8.72 and a two-hundred day simple moving average of $7.71.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. The business had revenue of $475.30 million for the quarter, compared to the consensus estimate of $445.20 million. During the same period in the prior year, the company posted $0.02 earnings per share. SunCoke Energy’s revenue was up 9.5% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.48 annualized dividend and a dividend yield of 4.9%. SunCoke Energy’s dividend payout ratio (DPR) is currently -75.00%.

Institutional Investors Weigh In On SunCoke Energy

A number of large investors have recently added to or reduced their stakes in the stock. Weiss Asset Management LP bought a new position in SunCoke Energy in the 1st quarter valued at about $1,198,000. Assenagon Asset Management S.A. bought a new stake in shares of SunCoke Energy during the 2nd quarter worth approximately $7,359,000. Intech Investment Management LLC lifted its holdings in shares of SunCoke Energy by 298.2% during the 4th quarter. Intech Investment Management LLC now owns 438,262 shares of the energy company’s stock worth $3,155,000 after acquiring an additional 328,208 shares during the period. Empowered Funds LLC boosted its position in shares of SunCoke Energy by 16.2% during the 1st quarter. Empowered Funds LLC now owns 474,814 shares of the energy company’s stock worth $3,091,000 after acquiring an additional 66,076 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of SunCoke Energy by 676.8% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 105,904 shares of the energy company’s stock worth $689,000 after acquiring an additional 92,271 shares in the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.

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.