SunCoke Energy (NYSE:SXC) Stock Price Down 4.4% – Here’s Why

SunCoke Energy, Inc. (NYSE:SXC)’s share price fell 4.4% on Friday . The stock traded as low as $9.73 and last traded at $9.86. 74,985 shares changed hands during trading, a decline of 91% from the average session volume of 829,721 shares. The stock had previously closed at $10.31.

Analyst Ratings Changes

Separately, StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

SunCoke Energy Stock Down 4.8 %

The company has a quick ratio of 1.19, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $825.76 million, a price-to-earnings ratio of 9.82 and a beta of 1.02. The stock’s fifty day moving average price is $8.51 and its 200-day moving average price is $9.52.

SunCoke Energy (NYSE:SXC) last released its earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.13. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The business had revenue of $490.10 million during the quarter, compared to analysts’ expectations of $412.70 million. During the same period last year, the business earned $0.08 earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis. On average, sell-side analysts predict that SunCoke Energy, Inc. will post 0.94 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 4.89%. SunCoke Energy’s dividend payout ratio (DPR) is 48.00%.

Institutional Investors Weigh In On SunCoke Energy

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in SunCoke Energy by 1.1% in the first quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock valued at $77,124,000 after purchasing an additional 77,649 shares in the last quarter. Pacer Advisors Inc. raised its stake in SunCoke Energy by 3.1% in the second quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company’s stock valued at $46,141,000 after purchasing an additional 139,971 shares in the last quarter. American Century Companies Inc. raised its stake in SunCoke Energy by 13.2% in the second quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock valued at $24,620,000 after purchasing an additional 292,050 shares in the last quarter. LSV Asset Management raised its stake in SunCoke Energy by 2.4% in the first quarter. LSV Asset Management now owns 2,099,317 shares of the energy company’s stock valued at $23,659,000 after purchasing an additional 49,800 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in SunCoke Energy by 2.1% in the first quarter. Bridgeway Capital Management LLC now owns 1,479,685 shares of the energy company’s stock valued at $16,676,000 after purchasing an additional 30,790 shares in the last quarter. Institutional investors own 90.45% of the company’s stock.

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.