SunCoke Energy (NYSE:SXC) Trading Down 4.4% – Should You Sell?

SunCoke Energy, Inc. (NYSE:SXC)’s stock price fell 4.4% during mid-day trading on Thursday . The stock traded as low as $10.07 and last traded at $10.1050. Approximately 202,446 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,601,354 shares. The stock had previously closed at $10.57.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $9.00.

SunCoke Energy Trading Down 3.7%

The stock’s fifty day simple moving average is $8.95 and its two-hundred day simple moving average is $7.83. The firm has a market cap of $863.65 million, a PE ratio of -15.91 and a beta of 1.02. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07.

SunCoke Energy (NYSE:SXC) last released its earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share (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 firm had revenue of $475.30 million during the quarter, compared to analyst estimates of $445.20 million. During the same period last year, the business earned $0.02 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Monday, August 17th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, August 17th. This represents a $0.48 dividend on an annualized basis and a yield of 4.7%. SunCoke Energy’s payout ratio is presently -75.00%.

Institutional Investors Weigh In On SunCoke Energy

Hedge funds have recently added to or reduced their stakes in the stock. Weiss Asset Management LP purchased a new position in shares of SunCoke Energy in the 1st quarter worth about $1,198,000. BlackRock Inc. purchased a new stake in SunCoke Energy during the 2nd quarter valued at about $72,643,000. Assenagon Asset Management S.A. purchased a new stake in SunCoke Energy during the 2nd quarter valued at about $7,359,000. Deutsche Bank AG bought a new stake in SunCoke Energy during the 2nd quarter valued at about $841,000. Finally, Quantbot Technologies LP bought a new stake in SunCoke Energy during the 2nd quarter valued at about $887,000. 90.45% of the stock is owned by institutional investors.

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.