SunCoke Energy (NYSE:SXC) Shares Gap Up - Still a Buy?

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) shares gapped up prior to trading 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 Stock Up 3.7%

The company's 50 day moving average price is $8.61 and its two-hundred day moving average price is $9.32. 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 has a market cap of $718.26 million, a PE ratio of 7.80 and a beta of 1.11.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its earnings results on Wednesday, April 30th. The energy company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. The company had revenue of $436.00 million for the quarter, compared to the consensus estimate of $371.60 million. SunCoke Energy had a return on equity of 13.40% and a net margin of 4.95%. SunCoke Energy's quarterly revenue was down 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. On average, equities research analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal 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 annualized dividend and a yield of 5.66%. The ex-dividend date was Friday, May 16th. SunCoke Energy's dividend payout ratio is 44.04%.

Hedge Funds Weigh In On SunCoke Energy

Several large investors have recently added to or reduced their stakes in SXC. Vanguard Group Inc. raised its position in shares of SunCoke Energy by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 7,169,240 shares of the energy company's stock valued at $65,957,000 after purchasing an additional 176,220 shares during the period. American Century Companies Inc. lifted its position in shares of SunCoke Energy by 10.0% in the first quarter. American Century Companies Inc. now owns 3,390,806 shares of the energy company's stock valued at $31,195,000 after acquiring an additional 308,115 shares in the last quarter. LSV Asset Management boosted its stake in shares of SunCoke Energy by 35.1% in the first quarter. LSV Asset Management now owns 2,994,312 shares of the energy company's stock worth $27,548,000 after acquiring an additional 777,807 shares during the period. Bridgeway Capital Management LLC boosted its stake in shares of SunCoke Energy by 0.7% in the first quarter. Bridgeway Capital Management LLC now owns 1,523,806 shares of the energy company's stock worth $14,019,000 after acquiring an additional 10,038 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its position in shares of SunCoke Energy by 73.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,465,691 shares of the energy company's stock worth $15,683,000 after purchasing an additional 619,532 shares in the last quarter. Hedge funds and other 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.

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