SunCoke Energy (NYSE:SXC) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of SunCoke Energy, Inc. (NYSE:SXC) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $8.22 and traded as high as $10.02. SunCoke Energy shares last traded at $9.7150, with a volume of 1,136,799 shares traded.

Analyst Ratings Changes

A number of analysts have recently weighed in on SXC shares. Wall Street Zen raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of SunCoke Energy in a report on Tuesday, September 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $9.00.

SunCoke Energy Stock Performance

The company has a fifty day moving average price of $9.53 and a two-hundred day moving average price of $8.23. The firm has a market cap of $813.83 million, a price-to-earnings ratio of -14.98 and a beta of 1.02. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.25 and a quick ratio of 1.37.

SunCoke Energy (NYSE:SXC) last released its earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The firm had revenue of $475.30 million for the quarter, compared to analyst estimates of $445.20 million. During the same period in the previous year, the company earned $0.02 earnings per share. SunCoke Energy’s revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts expect that SunCoke Energy, Inc. will post 0.32 EPS for the current year.

SunCoke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.48 annualized dividend and a dividend yield of 5.0%. SunCoke Energy’s payout ratio is currently -75.00%.

Institutional Trading of SunCoke Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in SunCoke Energy during the second quarter worth approximately $72,643,000. Assenagon Asset Management S.A. bought a new position in shares of SunCoke Energy in the second quarter valued at $7,359,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of SunCoke Energy in the second quarter valued at $6,614,000. Readystate Asset Management LP acquired a new stake in shares of SunCoke Energy during the 2nd quarter valued at $5,038,000. Finally, Empowered Funds LLC acquired a new stake in shares of SunCoke Energy during the 2nd quarter valued at $3,889,000. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Company Profile

SunCoke Energy, Inc is an independent producer of metallurgical coke, a carbon-based material used by integrated steelmakers in blast-furnace steel production. The company operates coke-making facilities that convert coal into coke while capturing and using the heat generated during the process to produce electricity and steam.

In addition to coke production, SunCoke provides coal-handling and logistics services. Its operations include coal terminals, blending and handling facilities, and other infrastructure that supports the movement of coal and coke for steel and industrial customers.