SunCoke Energy Inc (NYSE:SXC) Short Interest Down 21.2% in November

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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ancora Advisors LLC raised its position in SunCoke Energy by 155.8% during the second quarter. Ancora Advisors LLC now owns 1,125,717 shares of the energy company’s stock valued at $9,996,000 after purchasing an additional 685,679 shares in the last quarter. BlackRock Inc. raised its position in SunCoke Energy by 37.2% during the second quarter. BlackRock Inc. now owns 13,181,590 shares of the energy company’s stock valued at $117,053,000 after purchasing an additional 3,574,590 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in SunCoke Energy by 21.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,019,633 shares of the energy company’s stock valued at $9,055,000 after purchasing an additional 182,032 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of SunCoke Energy by 115.3% during the second quarter. Russell Investments Group Ltd. now owns 732,330 shares of the energy company’s stock valued at $6,501,000 after buying an additional 392,170 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of SunCoke Energy by 11.1% during the second quarter. Invesco Ltd. now owns 599,407 shares of the energy company’s stock valued at $5,323,000 after buying an additional 59,841 shares during the last quarter. Institutional investors and hedge funds own 86.26% 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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