SunCoke Energy (NYSE:SXC) Stock Price Crosses Above Two Hundred Day Moving Average of $10.25

Shares of SunCoke Energy, Inc. (NYSE:SXC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.25 and traded as high as $11.03. SunCoke Energy shares last traded at $10.74, with a volume of 572,216 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of SunCoke Energy from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 5th.

SunCoke Energy Price Performance

The firm’s 50-day moving average price is $10.95 and its 200-day moving average price is $10.25. The company has a current ratio of 1.86, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $902.91 million, a PE ratio of 16.03 and a beta of 1.17.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, February 1st. The energy company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $520.60 million for the quarter, compared to analysts’ expectations of $406.40 million. SunCoke Energy had a net margin of 2.79% and a return on equity of 8.99%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. On average, equities analysts forecast that SunCoke Energy, Inc. will post 0.86 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Wednesday, February 14th. SunCoke Energy’s dividend payout ratio is 41.79%.

Insider Activity

In other news, CEO Michael G. Rippey sold 48,618 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $10.93, for a total transaction of $531,394.74. Following the sale, the chief executive officer now directly owns 763,409 shares in the company, valued at approximately $8,344,060.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael G. Rippey sold 48,618 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $10.93, for a total value of $531,394.74. Following the sale, the chief executive officer now directly owns 763,409 shares of the company’s stock, valued at approximately $8,344,060.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael G. Rippey sold 78,714 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total transaction of $870,576.84. Following the completion of the sale, the chief executive officer now directly owns 342,359 shares in the company, valued at $3,786,490.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 251,572 shares of company stock worth $2,781,834. 1.73% of the stock is currently owned by corporate insiders.

Institutional Trading of SunCoke Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millburn Ridgefield Corp bought a new position in SunCoke Energy in the 3rd quarter worth about $30,000. Catalyst Capital Advisors LLC bought a new position in shares of SunCoke Energy during the third quarter valued at approximately $30,000. Tower Research Capital LLC TRC boosted its stake in shares of SunCoke Energy by 574.8% during the first quarter. Tower Research Capital LLC TRC now owns 3,354 shares of the energy company’s stock valued at $30,000 after purchasing an additional 2,857 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of SunCoke Energy during the fourth quarter valued at approximately $31,000. Finally, Quarry LP boosted its stake in shares of SunCoke Energy by 1,615.6% during the first quarter. Quarry LP now owns 3,517 shares of the energy company’s stock valued at $32,000 after purchasing an additional 3,312 shares in the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Company Profile

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.