SunCoke Energy, Inc. (NYSE:SXC) Short Interest Update

SunCoke Energy, Inc. (NYSE:SXCGet Rating) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,070,000 shares, a drop of 23.6% from the March 15th total of 2,710,000 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average daily trading volume, of 963,700 shares, the days-to-cover ratio is presently 2.1 days.

Several analysts have issued reports on the company. StockNews.com downgraded SunCoke Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 7th. TheStreet downgraded SunCoke Energy from a “b-” rating to a “c” rating in a research note on Tuesday, February 1st. Finally, Zacks Investment Research downgraded SunCoke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th.

Shares of SXC traded down $0.01 during midday trading on Monday, hitting $9.50. The stock had a trading volume of 606,403 shares, compared to its average volume of 937,678. The company has a current ratio of 1.49, a quick ratio of 0.80 and a debt-to-equity ratio of 1.14. The firm has a 50 day moving average of $8.52. The firm has a market capitalization of $789.56 million, a price-to-earnings ratio of 18.61 and a beta of 1.13. SunCoke Energy has a twelve month low of $5.85 and a twelve month high of $9.82.

SunCoke Energy (NYSE:SXCGet Rating) last released its earnings results on Tuesday, February 1st. The energy company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.12). The company had revenue of $365.30 million during the quarter, compared to analyst estimates of $369.90 million. SunCoke Energy had a net margin of 2.98% and a return on equity of 12.74%. During the same period in the prior year, the firm posted ($0.08) EPS. On average, sell-side analysts predict that SunCoke Energy will post 0.86 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 1st. Investors of record on Thursday, February 17th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Wednesday, February 16th. SunCoke Energy’s dividend payout ratio is currently 47.06%.

Several large investors have recently added to or reduced their stakes in SXC. Royal Bank of Canada increased its position in shares of SunCoke Energy by 40.6% in the second quarter. Royal Bank of Canada now owns 11,199 shares of the energy company’s stock valued at $80,000 after acquiring an additional 3,235 shares during the last quarter. Morgan Stanley grew its holdings in SunCoke Energy by 27.8% during the second quarter. Morgan Stanley now owns 814,210 shares of the energy company’s stock worth $5,814,000 after purchasing an additional 177,072 shares during the period. WINTON GROUP Ltd grew its holdings in SunCoke Energy by 11.1% during the third quarter. WINTON GROUP Ltd now owns 31,615 shares of the energy company’s stock worth $199,000 after purchasing an additional 3,148 shares during the period. Janney Montgomery Scott LLC bought a new position in SunCoke Energy during the third quarter worth about $85,000. Finally, Maryland State Retirement & Pension System bought a new position in SunCoke Energy during the third quarter worth about $209,000. 83.23% of the stock is currently owned by institutional investors and hedge funds.

About SunCoke Energy (Get Rating)

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.

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