B. Riley Financial Cuts SunCoke Energy (NYSE:SXC) Price Target to $9.00

SunCoke Energy (NYSE:SXC) had its price objective decreased by B. Riley Financial from $10.00 to $9.00 in a research note published on Wednesday,Benzinga reports. B. Riley Financial currently has a neutral rating on the energy company’s stock.

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of SunCoke Energy in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.00.

SunCoke Energy Trading Down 3.2%

SXC opened at $6.22 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.11 and a quick ratio of 1.17. SunCoke Energy has a fifty-two week low of $6.05 and a fifty-two week high of $9.82. The company’s 50 day moving average price is $7.65 and its two-hundred day moving average price is $7.58. The firm has a market capitalization of $526.99 million, a price-to-earnings ratio of -11.97 and a beta of 0.98.

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

SunCoke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Tuesday, February 17th. SunCoke Energy’s dividend payout ratio (DPR) is currently 63.16%.

Hedge Funds Weigh In On SunCoke Energy

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in SunCoke Energy by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 7,024,864 shares of the energy company’s stock worth $50,579,000 after purchasing an additional 33,535 shares in the last quarter. American Century Companies Inc. boosted its position in shares of SunCoke Energy by 7.2% during the third quarter. American Century Companies Inc. now owns 3,868,796 shares of the energy company’s stock valued at $31,569,000 after buying an additional 259,727 shares during the last quarter. LSV Asset Management grew its holdings in SunCoke Energy by 14.5% during the second quarter. LSV Asset Management now owns 3,427,707 shares of the energy company’s stock worth $29,444,000 after buying an additional 433,395 shares in the last quarter. Renaissance Technologies LLC raised its position in SunCoke Energy by 10.9% in the 4th quarter. Renaissance Technologies LLC now owns 2,663,161 shares of the energy company’s stock valued at $19,175,000 after buying an additional 261,400 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in SunCoke Energy by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 2,238,567 shares of the energy company’s stock valued at $16,120,000 after acquiring an additional 19,084 shares in the last quarter. Institutional investors own 90.45% of the company’s stock.

SunCoke Energy Company Profile

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.