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

Shares of SunCoke Energy, Inc. (NYSE:SXC) fell 4.2% during trading on Thursday . The stock traded as low as $9.42 and last traded at $9.55. 83,638 shares were traded during mid-day trading, a decline of 90% from the average session volume of 806,154 shares. The stock had previously closed at $9.96.

Wall Street Analysts Forecast Growth

SXC has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and set a $13.00 target price on shares of SunCoke Energy in a research note on Tuesday, November 5th. StockNews.com raised SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

SunCoke Energy Trading Down 4.7 %

The firm has a market capitalization of $798.43 million, a price-to-earnings ratio of 9.52 and a beta of 1.08. The business’s 50 day moving average price is $11.14 and its 200-day moving average price is $10.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share for the quarter, topping 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%. Equities analysts forecast that SunCoke Energy, Inc. will post 1.14 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.06%. SunCoke Energy’s payout ratio is 48.00%.

Hedge Funds Weigh In On SunCoke Energy

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of SunCoke Energy by 71.3% during the 4th 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 in the last quarter. nVerses Capital LLC increased its position in SunCoke Energy by 488.9% during 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 raised its holdings in shares of SunCoke Energy by 61.1% in the fourth quarter. KBC Group NV now owns 6,082 shares of the energy company’s stock worth $65,000 after acquiring an additional 2,307 shares during the last quarter. Optas LLC purchased a new stake in shares of SunCoke Energy in the third quarter valued at $88,000. Finally, Algert Global LLC purchased a new stake in shares of SunCoke Energy in the second quarter valued at $107,000. 90.45% of the stock is currently owned by hedge funds and other 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.