SunCoke Energy (NYSE:SXC) Shares Down 4.4% - Should You Sell?

Key Points

• SunCoke Energy shares fell 4.4% to about $10.11 in mid-day trading, with volume 87% below the average session level.
• Analysts’ consensus rating is “Reduce”, with a target price of $9.00—below the stock’s trading price. Ratings are split between Hold and Sell, despite one recent upgrade to Buy.
• SunCoke reported quarterly EPS of $0.15, beating estimates of $0.08, while revenue rose 9.5% year over year to $475.3 million. The company also maintains a quarterly dividend of $0.12, implying a 4.7% annualized yield.

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report)'s share price was down 4.4% during mid-day trading on Thursday . The stock traded as low as $10.07 and last traded at $10.1050. Approximately 202,446 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 1,601,354 shares. The stock had previously closed at $10.57.

Analysts Set New Price Targets

Several brokerages recently commented on SXC. Weiss Ratings raised shares of SunCoke Energy from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, June 11th. Wall Street Zen raised shares of SunCoke Energy from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $9.00.

SunCoke Energy Trading Down 3.7%

The company has a current ratio of 2.25, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm has a fifty day simple moving average of $8.95 and a two-hundred day simple moving average of $7.83. The firm has a market cap of $863.65 million, a PE ratio of -15.91 and a beta of 1.02.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. The firm had revenue of $475.30 million for the quarter, compared to analysts' expectations of $445.20 million. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The business's revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.02 earnings per share. Equities analysts forecast that SunCoke Energy, Inc. will post 0.32 EPS for the current year.

SunCoke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Monday, August 17th were issued a $0.12 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.48 annualized dividend and a yield of 4.7%. SunCoke Energy's payout ratio is -75.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SXC. EverSource Wealth Advisors LLC boosted its stake in shares of SunCoke Energy by 544.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company's stock valued at $26,000 after purchasing an additional 2,528 shares in the last quarter. Farther Finance Advisors LLC raised its stake in SunCoke Energy by 69.4% in the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company's stock worth $28,000 after buying an additional 1,569 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in SunCoke Energy in the second quarter worth about $29,000. Freestone Grove Partners LP purchased a new stake in SunCoke Energy in the second quarter worth about $29,000. Finally, Tower Research Capital LLC TRC lifted its holdings in SunCoke Energy by 176.2% in the second quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company's stock worth $48,000 after buying an additional 3,582 shares during the period. 90.45% of the stock is currently 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.

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