SunCoke Energy (NYSE:SXC) Hits New 1-Year High – Here’s Why

Shares of SunCoke Energy, Inc. (NYSE:SXC) hit a new 52-week high on Wednesday . The stock traded as high as $11.86 and last traded at $11.84, with a volume of 367394 shares traded. The stock had previously closed at $11.01.

Analysts Set New Price Targets

SXC has been the topic of several recent analyst reports. StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and issued a $13.00 price target on shares of SunCoke Energy in a research report on Tuesday.

SunCoke Energy Stock Up 10.7 %

The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.03 billion, a PE ratio of 11.01 and a beta of 1.02. The firm has a fifty day moving average of $8.59 and a 200 day moving average of $9.50.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.14. The business had revenue of $490.10 million for the quarter, compared to analyst estimates of $412.70 million. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS. On average, equities research analysts anticipate that SunCoke Energy, Inc. will post 0.94 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be paid a $0.12 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.94%. SunCoke Energy’s dividend payout ratio (DPR) is currently 48.00%.

Institutional Trading of SunCoke Energy

Several hedge funds have recently modified their holdings of the business. nVerses Capital LLC grew its stake in shares of SunCoke Energy by 488.9% during the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after purchasing an additional 4,400 shares during the period. Innealta Capital LLC purchased a new position in SunCoke Energy in the 2nd quarter valued at approximately $70,000. Optas LLC purchased a new stake in SunCoke Energy during the third quarter worth $88,000. Algert Global LLC acquired a new stake in SunCoke Energy in the second quarter valued at $107,000. Finally, Retirement Investment Advisors Inc. purchased a new position in shares of SunCoke Energy in the second quarter valued at $110,000. 90.45% of the stock is owned by institutional investors and hedge funds.

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.