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

SunCoke Energy, Inc. (NYSE:SXC) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 5,914,321 shares, a growth of 21.4% from the February 12th total of 4,872,228 shares. Based on an average daily volume of 2,247,117 shares, the days-to-cover ratio is currently 2.6 days. Approximately 7.1% of the shares of the company are sold short. Approximately 7.1% of the shares of the company are sold short. Based on an average daily volume of 2,247,117 shares, the days-to-cover ratio is currently 2.6 days.

Insider Transactions at SunCoke Energy

In other SunCoke Energy news, CFO Mark W. Marinko bought 10,000 shares of the stock in a transaction dated Wednesday, February 25th. The shares were bought at an average cost of $5.84 per share, with a total value of $58,400.00. Following the completion of the acquisition, the chief financial officer owned 71,798 shares of the company’s stock, valued at $419,300.32. This trade represents a 16.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Phillip Michael Hardesty purchased 12,500 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average price of $5.83 per share, with a total value of $72,875.00. Following the completion of the transaction, the senior vice president owned 298,677 shares of the company’s stock, valued at $1,741,286.91. This represents a 4.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.49% of the company’s stock.

Institutional Investors Weigh In On SunCoke Energy

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in SunCoke Energy by 544.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock worth $26,000 after acquiring an additional 2,528 shares during the last quarter. Allworth Financial LP boosted its position in shares of SunCoke Energy by 80.6% during the 2nd quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,620 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of SunCoke Energy by 69.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock worth $28,000 after purchasing an additional 1,569 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of SunCoke Energy by 190.0% during the third quarter. Hantz Financial Services Inc. now owns 4,132 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,707 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of SunCoke Energy by 44.9% in the fourth quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,318 shares during the last quarter. Institutional investors own 90.45% of the company’s stock.

SunCoke Energy Price Performance

SXC stock opened at $5.88 on Wednesday. The firm has a 50 day moving average of $7.22 and a 200-day moving average of $7.39. The firm has a market capitalization of $497.94 million, a P/E ratio of -11.31 and a beta of 0.99. SunCoke Energy has a 12 month low of $5.51 and a 12 month high of $9.82. The company has a current ratio of 2.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.10.

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

SunCoke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date was Tuesday, February 17th. SunCoke Energy’s dividend payout ratio (DPR) is -92.31%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SXC. B. Riley Financial reduced their price target on SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings downgraded SunCoke Energy from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $9.00.

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.