SunCoke Energy (NYSE:SXC) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• SunCoke Energy shares crossed above their 200-day moving average, rising 3.2% to about $9.44 after reaching $9.52, compared with the $7.70 long-term average.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating and a $9.00 price target, despite one recent upgrade to “Buy.”
• SunCoke reported quarterly EPS of $0.15, beating estimates by $0.07, while revenue increased 9.5% year over year to $475.3 million. The company also declared a quarterly dividend of $0.12, representing a 5.1% annualized yield.

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.70 and traded as high as $9.52. SunCoke Energy shares last traded at $9.4350, with a volume of 1,662,641 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in 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 upgraded shares of SunCoke Energy from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, SunCoke Energy currently has a consensus rating of "Reduce" and a consensus price target of $9.00.

SunCoke Energy Trading Up 3.2%

The business has a fifty day moving average of $8.72 and a 200-day moving average of $7.70. The stock has a market capitalization of $800.84 million, a price-to-earnings ratio of -14.74 and a beta of 0.98. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.25 and a quick ratio of 1.37.

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

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Monday, August 17th. SunCoke Energy's payout ratio is presently -75.00%.

Institutional Trading of SunCoke Energy

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its holdings in shares of SunCoke Energy by 544.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company's stock valued at $26,000 after buying an additional 2,528 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of SunCoke Energy during the 2nd quarter valued at $29,000. Freestone Grove Partners LP bought a new stake in shares of SunCoke Energy during the 2nd quarter worth $29,000. Farther Finance Advisors LLC grew its holdings in shares of SunCoke Energy by 69.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company's stock worth $28,000 after acquiring an additional 1,569 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of SunCoke Energy by 176.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company's stock worth $48,000 after acquiring an additional 3,582 shares during the last quarter. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Company Profile

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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