SunCoke Energy (NYSE:SXC) Hits New 52-Week Low – Should You Sell?

SunCoke Energy, Inc. (NYSE:SXC) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.16 and last traded at $6.2610, with a volume of 219257 shares trading hands. The stock had previously closed at $6.43.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SXC. Weiss Ratings reissued a “hold (c-)” rating on shares of SunCoke Energy in a report on Monday, December 22nd. B. Riley Financial lowered their price target on SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.00.

SunCoke Energy Trading Down 3.8%

The company has a market capitalization of $523.68 million, a P/E ratio of -11.86 and a beta of 0.98. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.17 and a current ratio of 2.11. The stock has a fifty day moving average of $7.67 and a 200 day moving average of $7.59.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Tuesday, February 17th. The energy company reported ($1.00) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($1.10). SunCoke Energy had a positive return on equity of 7.43% and a negative net margin of 2.41%.The company had revenue of $480.20 million during the quarter, compared to analysts’ expectations of $437.45 million. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.48 annualized dividend and a yield of 7.8%. SunCoke Energy’s payout ratio is currently 63.16%.

Institutional Investors Weigh In On SunCoke Energy

A number of institutional investors have recently bought and sold shares of SXC. Gendell Jeffrey L boosted its position in shares of SunCoke Energy by 82.3% during the fourth quarter. Gendell Jeffrey L now owns 1,472,040 shares of the energy company’s stock worth $10,599,000 after acquiring an additional 664,528 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of SunCoke Energy by 72.0% during the 2nd quarter. Invesco Ltd. now owns 1,445,764 shares of the energy company’s stock valued at $12,419,000 after purchasing an additional 605,366 shares during the last quarter. Federated Hermes Inc. grew its position in shares of SunCoke Energy by 65.5% during the fourth quarter. Federated Hermes Inc. now owns 1,422,356 shares of the energy company’s stock valued at $10,241,000 after purchasing an additional 562,739 shares in the last quarter. Norges Bank bought a new stake in shares of SunCoke Energy in the second quarter worth about $4,579,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of SunCoke Energy by 30.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,153,408 shares of the energy company’s stock worth $15,505,000 after buying an additional 503,500 shares in the last quarter. Hedge funds and other institutional investors 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.