SunCoke Energy (NYSE:SXC) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

SunCoke Energy, Inc. (NYSE:SXC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.63 and traded as high as $8.02. SunCoke Energy shares last traded at $7.9450, with a volume of 1,113,744 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SXC shares. B. Riley cut their target price on shares of SunCoke Energy from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SunCoke Energy in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.00.

SunCoke Energy Stock Performance

The company’s fifty day simple moving average is $7.33 and its two-hundred day simple moving average is $7.63. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.17 and a current ratio of 2.12. The stock has a market capitalization of $672.70 million, a P/E ratio of 10.45 and a beta of 0.95.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Tuesday, November 4th. The energy company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.14 by $0.12. The company had revenue of $487.00 million for the quarter, compared to the consensus estimate of $349.30 million. SunCoke Energy had a return on equity of 9.11% and a net margin of 3.53%.The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. As a group, equities analysts forecast that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a dividend of $0.12 per share. The ex-dividend date was Monday, November 17th. This represents a $0.48 annualized dividend and a yield of 6.0%. SunCoke Energy’s dividend payout ratio (DPR) is presently 63.16%.

Insider Buying and Selling at SunCoke Energy

In other SunCoke Energy news, Director Ratta Ralph M. Della, Jr. bought 7,288 shares of SunCoke Energy stock in a transaction dated Thursday, November 6th. The stock was bought at an average price of $6.86 per share, with a total value of $49,995.68. Following the completion of the transaction, the director owned 86,293 shares in the company, valued at $591,969.98. The trade was a 9.22% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.49% of the company’s stock.

Institutional Trading of SunCoke Energy

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in shares of SunCoke Energy by 544.8% during 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 period. Allworth Financial LP increased its stake in SunCoke Energy by 80.6% during the 2nd quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,620 shares during the period. Farther Finance Advisors LLC raised its holdings in SunCoke Energy by 69.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock valued at $28,000 after acquiring an additional 1,569 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of SunCoke Energy by 190.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,132 shares of the energy company’s stock valued at $34,000 after acquiring an additional 2,707 shares during the period. Finally, Signaturefd LLC lifted its position in shares of SunCoke Energy by 44.9% during the 4th quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,318 shares during the period. Institutional investors own 90.45% of the company’s stock.

About SunCoke Energy

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.