SunCoke Energy (NYSE:SXC) Reaches New 1-Year High – Still a Buy?

Shares of SunCoke Energy, Inc. (NYSE:SXC) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $9.75 and last traded at $9.72, with a volume of 61171 shares traded. The stock had previously closed at $9.62.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SXC. Weiss Ratings raised shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Wall Street Zen raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $9.00.

SunCoke Energy Stock Down 2.3%

The stock has a 50 day moving average price of $8.71 and a 200 day moving average price of $7.62. The stock has a market capitalization of $795.83 million, a price-to-earnings ratio of -14.65 and a beta of 0.98. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07.

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

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Monday, August 17th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Monday, August 17th. SunCoke Energy’s payout ratio is presently -75.00%.

Hedge Funds Weigh In On SunCoke Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in SXC. EverSource Wealth Advisors LLC grew its stake in shares of SunCoke Energy by 544.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock worth $26,000 after purchasing an additional 2,528 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in SunCoke Energy by 69.4% in the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock valued at $28,000 after purchasing an additional 1,569 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in SunCoke Energy during the 2nd quarter worth $29,000. Signaturefd LLC raised its position in SunCoke Energy by 44.9% during the 4th quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,318 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in SunCoke Energy by 176.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock worth $48,000 after buying an additional 3,582 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.