SunCoke Energy Inc (NYSE:SXC) saw a significant drop in short interest in November. As of November 29th, there was short interest totalling 4,690,000 shares, a drop of 21.2% from the November 14th total of 5,950,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is presently 4.0 days. Approximately 5.2% of the shares of the stock are short sold.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded SunCoke Energy from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. B. Riley upgraded SunCoke Energy from a “neutral” rating to a “buy” rating and set a $8.00 price objective on the stock in a research report on Thursday, December 5th. ValuEngine upgraded SunCoke Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, TheStreet downgraded SunCoke Energy from a “c-” rating to a “d” rating in a research report on Tuesday, November 5th.
In other SunCoke Energy news, Director James E. Sweetnam acquired 5,300 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average price of $4.98 per share, for a total transaction of $26,394.00. Company insiders own 1.46% of the company’s stock.
NYSE SXC traded down $0.25 during trading hours on Friday, reaching $5.64. 657,037 shares of the stock traded hands, compared to its average volume of 938,479. The stock has a 50 day simple moving average of $5.45 and a two-hundred day simple moving average of $6.70. SunCoke Energy has a 1 year low of $4.55 and a 1 year high of $11.36. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.73 and a quick ratio of 0.88. The company has a market cap of $510.96 million, a price-to-earnings ratio of 14.10 and a beta of 1.27.
SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Tuesday, November 5th. The energy company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.04. SunCoke Energy had a positive return on equity of 3.89% and a negative net margin of 9.48%. The business had revenue of $404.30 million for the quarter, compared to the consensus estimate of $359.05 million. During the same quarter last year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, sell-side analysts forecast that SunCoke Energy will post 0.34 EPS for the current fiscal year.
The company also recently declared an annual dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, November 18th. SunCoke Energy’s payout ratio is 15.00%.
SunCoke Energy Company Profile
SunCoke Energy, Inc operates as an independent producer of coke in the Americas. 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.
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