SunCoke Energy (NYSE:SXC) Shares Pass Above 200 Day Moving Average – Here’s Why

SunCoke Energy, Inc. (NYSE:SXC) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.41 and traded as high as $8.05. SunCoke Energy shares last traded at $7.7990, with a volume of 813,987 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $9.00.

SunCoke Energy Stock Performance

The business’s 50-day moving average price is $8.20 and its 200-day moving average price is $7.41. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.31 and a current ratio of 2.23. The stock has a market cap of $661.75 million, a P/E ratio of -10.13 and a beta of 0.99.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, April 30th. The energy company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). The company had revenue of $455.10 million during the quarter, compared to the consensus estimate of $416.15 million. SunCoke Energy had a positive return on equity of 4.47% and a negative net margin of 3.55%.SunCoke Energy’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 earnings per share. As a group, sell-side analysts expect that SunCoke Energy, Inc. will post 0.2 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.48 annualized dividend and a dividend yield of 6.2%. SunCoke Energy’s dividend payout ratio (DPR) is -62.34%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SXC. American Century Companies Inc. raised its stake in SunCoke Energy by 7.2% during the 3rd quarter. American Century Companies Inc. now owns 3,868,796 shares of the energy company’s stock worth $31,569,000 after acquiring an additional 259,727 shares during the period. Intech Investment Management LLC boosted its position in shares of SunCoke Energy by 298.2% in the fourth quarter. Intech Investment Management LLC now owns 438,262 shares of the energy company’s stock worth $3,155,000 after purchasing an additional 328,208 shares during the period. JPMorgan Chase & Co. increased its stake in shares of SunCoke Energy by 35.5% in the third quarter. JPMorgan Chase & Co. now owns 442,693 shares of the energy company’s stock worth $3,612,000 after purchasing an additional 115,968 shares in the last quarter. Aristeia Capital L.L.C. raised its position in shares of SunCoke Energy by 191.5% during the 4th quarter. Aristeia Capital L.L.C. now owns 107,653 shares of the energy company’s stock valued at $775,000 after purchasing an additional 70,718 shares during the period. Finally, Royce & Associates LP raised its position in shares of SunCoke Energy by 106.7% during the 4th quarter. Royce & Associates LP now owns 118,406 shares of the energy company’s stock valued at $853,000 after purchasing an additional 61,119 shares during the period. 90.45% of the stock is owned by hedge funds and other institutional investors.

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.