SunCoke Energy (NYSE:SXC) Trading Up 6.8% – Here’s What Happened

SunCoke Energy, Inc. (NYSE:SXC)’s share price shot up 6.8% during trading on Monday . The company traded as high as $10.53 and last traded at $10.49. 627,501 shares changed hands during trading, a decline of 25% from the average session volume of 837,148 shares. The stock had previously closed at $9.82.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

SunCoke Energy Stock Up 6.8 %

The company’s 50-day simple moving average is $8.51 and its two-hundred day simple moving average is $9.50. The firm has a market capitalization of $882.10 million, a P/E ratio of 10.51 and a beta of 1.02. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.19.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The firm had revenue of $490.10 million for the quarter, compared to analyst estimates of $412.70 million. During the same period in the previous year, the company earned $0.08 earnings per share. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, research analysts expect that SunCoke Energy, Inc. will post 0.94 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.58%. The ex-dividend date is Thursday, November 14th. SunCoke Energy’s payout ratio is 48.00%.

Institutional Trading of SunCoke Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in SXC. ProShare Advisors LLC lifted its holdings in shares of SunCoke Energy by 7.4% during the first quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock worth $190,000 after buying an additional 1,158 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in SunCoke Energy by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 92,532 shares of the energy company’s stock worth $907,000 after purchasing an additional 1,464 shares during the last quarter. Federated Hermes Inc. raised its stake in SunCoke Energy by 0.3% in the second quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company’s stock valued at $8,043,000 after buying an additional 2,335 shares during the period. Public Employees Retirement System of Ohio boosted its stake in SunCoke Energy by 2.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 99,682 shares of the energy company’s stock valued at $1,123,000 after purchasing an additional 2,539 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of SunCoke Energy by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 62,728 shares of the energy company’s stock worth $707,000 after purchasing an additional 3,570 shares during the period. Institutional investors own 90.45% of the company’s stock.

SunCoke Energy Company Profile

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. 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.