SunCoke Energy (NYSE:SXC) Shares Up 7% – Should You Buy?

Shares of SunCoke Energy, Inc. (NYSE:SXC) were up 7% on Tuesday . The stock traded as high as $6.44 and last traded at $6.4850. Approximately 213,403 shares traded hands during trading, a decline of 88% from the average daily volume of 1,811,886 shares. The stock had previously closed at $6.06.

Wall Street Analyst Weigh In

SXC has been the subject of a number of recent research reports. B. Riley Financial decreased their price target on shares of SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Weiss Ratings cut shares of SunCoke Energy from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $9.00.

SunCoke Energy Stock Up 9.0%

The firm’s fifty day moving average is $7.08 and its 200-day moving average is $7.34. The company has a current ratio of 2.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $559.25 million, a P/E ratio of -12.72 and a beta of 0.99.

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

SunCoke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend was Tuesday, February 17th. SunCoke Energy’s dividend payout ratio (DPR) is currently -92.31%.

Insider Activity

In related news, CFO Mark W. Marinko acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was bought at an average price of $5.84 per share, with a total value of $58,400.00. Following the acquisition, the chief financial officer owned 71,798 shares in the company, valued at $419,300.32. This represents a 16.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Phillip Michael Hardesty bought 12,500 shares of SunCoke Energy stock in a transaction dated Wednesday, February 25th. The shares were acquired at an average price of $5.83 per share, with a total value of $72,875.00. Following the completion of the purchase, the senior vice president directly owned 298,677 shares in the company, valued at $1,741,286.91. This trade represents a 4.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.49% of the company’s stock.

Institutional Trading of SunCoke Energy

A number of large investors have recently bought and sold shares of SXC. EverSource Wealth Advisors LLC boosted its holdings in shares of SunCoke Energy by 544.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock worth $26,000 after buying an additional 2,528 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of SunCoke Energy by 69.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock valued at $28,000 after buying an additional 1,569 shares during the last quarter. Allworth Financial LP grew its stake in shares of SunCoke Energy by 80.6% in the 2nd quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,620 shares in the last quarter. Signaturefd LLC increased its stake in SunCoke Energy by 44.9% in the 4th quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock valued at $31,000 after buying an additional 1,318 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in SunCoke Energy by 190.0% during the third quarter. Hantz Financial Services Inc. now owns 4,132 shares of the energy company’s stock worth $34,000 after acquiring an additional 2,707 shares during the period. 90.45% of the stock is currently owned by institutional investors and hedge funds.

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.