SunCoke Energy (NYSE:SXC) Shares Gap Up - Should You Buy?

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $8.18, but opened at $8.77. SunCoke Energy shares last traded at $8.45, with a volume of 315,446 shares traded.

SunCoke Energy Trading Down 1.2%

The company has a current ratio of 2.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.69. The firm's 50-day moving average price is $8.57 and its 200 day moving average price is $9.29. The company has a market cap of $738.57 million, a price-to-earnings ratio of 8.00 and a beta of 1.11.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.03. SunCoke Energy had a net margin of 4.95% and a return on equity of 13.40%. The company had revenue of $436.00 million for the quarter, compared to analysts' expectations of $371.60 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The business's revenue was down 10.7% on a year-over-year basis. As a group, equities analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Friday, May 16th. SunCoke Energy's dividend payout ratio is currently 44.04%.

Institutional Trading of SunCoke Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of SunCoke Energy by 835.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,630 shares of the energy company's stock worth $38,000 after acquiring an additional 3,242 shares in the last quarter. Versant Capital Management Inc boosted its stake in SunCoke Energy by 61.6% during the 1st quarter. Versant Capital Management Inc now owns 4,416 shares of the energy company's stock valued at $41,000 after purchasing an additional 1,683 shares during the last quarter. CWM LLC boosted its stake in SunCoke Energy by 159.9% during the 1st quarter. CWM LLC now owns 5,522 shares of the energy company's stock valued at $51,000 after purchasing an additional 3,397 shares during the last quarter. Virtus Fund Advisers LLC bought a new stake in SunCoke Energy during the 4th quarter worth approximately $57,000. Finally, Cresset Asset Management LLC purchased a new stake in shares of SunCoke Energy in the first quarter worth approximately $93,000. Institutional investors own 90.45% of the company's stock.

About SunCoke Energy

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.