SunCoke Energy (NYSE:SXC) Sets New 12-Month Low – Here’s Why

SunCoke Energy, Inc. (NYSE:SXC)’s stock price reached a new 52-week low on Monday . The company traded as low as $6.55 and last traded at $6.5950, with a volume of 2335 shares. The stock had previously closed at $6.75.

Analysts Set New Price Targets

Several brokerages recently issued reports on SXC. B. Riley reduced their target price on shares of SunCoke Energy from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SunCoke Energy in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.00.

SunCoke Energy Trading Down 2.0%

The company has a quick ratio of 1.45, a current ratio of 2.61 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average is $7.86 and its 200 day moving average is $8.09. The company has a market cap of $560.07 million, a price-to-earnings ratio of 7.67 and a beta of 1.08.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Tuesday, November 4th. The energy company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The business had revenue of $487.00 million during the quarter, compared to the consensus estimate of $349.30 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. Research analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 17th. This represents a $0.48 dividend on an annualized basis and a yield of 7.3%. SunCoke Energy’s dividend payout ratio is currently 63.16%.

Insider Buying and Selling

In other SunCoke Energy news, Director Ratta Ralph M. Della, Jr. acquired 7,288 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was acquired at an average cost of $6.86 per share, for a total transaction of $49,995.68. Following the completion of the transaction, the director directly owned 86,293 shares of the company’s stock, valued at $591,969.98. This represents a 9.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in SunCoke Energy by 138.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 27,556 shares of the energy company’s stock valued at $240,000 after purchasing an additional 16,008 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of SunCoke Energy by 47.7% during the first quarter. Voya Investment Management LLC now owns 166,454 shares of the energy company’s stock worth $1,531,000 after purchasing an additional 53,745 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of SunCoke Energy by 79.0% during the first quarter. Victory Capital Management Inc. now owns 190,784 shares of the energy company’s stock worth $1,755,000 after purchasing an additional 84,178 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of SunCoke Energy by 15.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 30,822 shares of the energy company’s stock worth $284,000 after purchasing an additional 4,092 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in SunCoke Energy in the 1st quarter valued at about $1,256,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.

About SunCoke Energy

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.