SunCoke Energy (NYSE:SXC) Sets New 1-Year Low – Time to Sell?

SunCoke Energy, Inc. (NYSE:SXC) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.16 and last traded at $6.2610, with a volume of 219257 shares trading hands. The stock had previously closed at $6.43.

Analysts Set New Price Targets

Several analysts recently weighed in on SXC shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of SunCoke Energy in a report on Monday, December 22nd. B. Riley Financial reduced their price target on shares of SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.00.

SunCoke Energy Trading Down 3.2%

The stock’s fifty day moving average price is $7.65 and its 200 day moving average price is $7.58. The stock has a market cap of $526.99 million, a P/E ratio of -11.97 and a beta of 0.98. The company has a current ratio of 2.11, a quick ratio of 1.17 and a debt-to-equity ratio of 1.10.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Tuesday, February 17th. The energy company reported ($1.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($1.10). The business had revenue of $480.20 million for the quarter, compared to analysts’ expectations of $437.45 million. SunCoke Energy had a negative net margin of 2.41% and a positive return on equity of 7.43%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. Equities research analysts expect that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $0.48 annualized dividend and a dividend yield of 7.7%. SunCoke Energy’s dividend payout ratio is presently -92.31%.

Institutional Investors Weigh In On SunCoke Energy

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of SunCoke Energy by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 7,024,864 shares of the energy company’s stock worth $50,579,000 after purchasing an additional 33,535 shares during the last quarter. American Century Companies Inc. grew its position in SunCoke Energy by 7.2% during the 3rd quarter. American Century Companies Inc. now owns 3,868,796 shares of the energy company’s stock valued at $31,569,000 after purchasing an additional 259,727 shares during the last quarter. LSV Asset Management increased its stake in SunCoke Energy by 14.5% during the 2nd quarter. LSV Asset Management now owns 3,427,707 shares of the energy company’s stock valued at $29,444,000 after purchasing an additional 433,395 shares in the last quarter. Renaissance Technologies LLC raised its holdings in SunCoke Energy by 10.9% in the fourth quarter. Renaissance Technologies LLC now owns 2,663,161 shares of the energy company’s stock worth $19,175,000 after buying an additional 261,400 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in SunCoke Energy by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 2,238,567 shares of the energy company’s stock worth $16,120,000 after buying an additional 19,084 shares during the last quarter. 90.45% of the stock is owned by institutional investors.

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.