SunCoke Energy, Inc. (NYSE:SXC – Get Free Report) shares reached a new 52-week high on Monday after B. Riley Financial raised their price target on the stock from $9.00 to $11.00. B. Riley Financial currently has a neutral rating on the stock. SunCoke Energy traded as high as $11.50 and last traded at $11.4480, with a volume of 36,905 shares changing hands. The stock had previously closed at $11.33.
SXC has been the topic of a number of other research reports. Wall Street Zen upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a report on Tuesday, October 27th. Weiss Ratings upgraded SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, SunCoke Energy currently has a consensus rating of “Hold” and a consensus target price of $11.00.
Read Our Latest Stock Report on SXC
Institutional Trading of SunCoke Energy
Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of SunCoke Energy in the second quarter valued at approximately $72,643,000. Dimensional Fund Advisors LP increased its position in shares of SunCoke Energy by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 5,410,182 shares of the energy company’s stock valued at $35,222,000 after acquiring an additional 68,996 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of SunCoke Energy during the second quarter valued at approximately $7,359,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of SunCoke Energy during the second quarter valued at approximately $6,614,000. Finally, Readystate Asset Management LP bought a new stake in SunCoke Energy during the second quarter worth $5,038,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.
SunCoke Energy Stock Down 3.9%
The stock has a fifty day moving average of $10.03 and a 200 day moving average of $8.32. The firm has a market capitalization of $912.88 million, a P/E ratio of -16.55 and a beta of 0.94. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.03 and a quick ratio of 1.26.
SunCoke Energy (NYSE:SXC – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The energy company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.14. The business had revenue of $485.90 million for the quarter, compared to analysts’ expectations of $456.55 million. SunCoke Energy had a positive return on equity of 5.68% and a negative net margin of 2.91%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. On average, research analysts anticipate that SunCoke Energy, Inc. will post 0.45 EPS for the current fiscal year.
SunCoke Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 17th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, November 17th. SunCoke Energy’s payout ratio is presently -73.85%.
About SunCoke Energy
SunCoke Energy, Inc (NYSE:SXC) is a producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company converts coal into coke through high-temperature processing and captures the resulting heat to generate energy, which can support its facilities and be sold to customers.
SunCoke operates coke-making facilities and related coal-handling, storage and logistics assets, primarily serving integrated steel producers in the United States. Its operations are designed to provide customers with a consistent supply of coke while also generating electricity and recovering other byproducts from the coke-production process.
The company was separated from Sunoco and became a publicly traded company in 2011.
See Also
- Five stocks we like better than SunCoke Energy
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Receive News & Ratings for SunCoke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCoke Energy and related companies with MarketBeat.com's FREE daily email newsletter.
