SunCoke Energy (NYSE:SXC) Shares Down 4.2% – Should You Sell?

SunCoke Energy, Inc. (NYSE:SXC)’s stock price was down 4.2% during mid-day trading on Thursday . The company traded as low as $9.42 and last traded at $9.55. Approximately 83,638 shares traded hands during trading, a decline of 90% from the average daily volume of 806,154 shares. The stock had previously closed at $9.96.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SXC. StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of SunCoke Energy in a research report on Tuesday, November 5th.

SunCoke Energy Price Performance

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 firm’s fifty day moving average price is $11.01 and its 200-day moving average price is $10.03. The stock has a market cap of $789.18 million, a P/E ratio of 9.39 and a beta of 1.08.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. Analysts forecast that SunCoke Energy, Inc. will post 1.14 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend is Friday, February 14th. SunCoke Energy’s dividend payout ratio (DPR) is currently 48.00%.

Hedge Funds Weigh In On SunCoke Energy

A number of institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in SunCoke Energy by 71.3% in the fourth quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock worth $44,000 after purchasing an additional 1,730 shares during the period. nVerses Capital LLC lifted its stake in shares of SunCoke Energy by 488.9% in the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after buying an additional 4,400 shares in the last quarter. KBC Group NV grew its holdings in shares of SunCoke Energy by 61.1% during the fourth quarter. KBC Group NV now owns 6,082 shares of the energy company’s stock valued at $65,000 after buying an additional 2,307 shares during the last quarter. Optas LLC bought a new stake in shares of SunCoke Energy during the third quarter valued at approximately $88,000. Finally, Algert Global LLC purchased a new position in SunCoke Energy in the 2nd quarter worth approximately $107,000. 90.45% of the stock is owned by institutional investors.

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.