SunCoke Energy (NYSE:SXC) Stock Price Down 4.4% – Here’s Why

SunCoke Energy, Inc. (NYSE:SXC)’s share price fell 4.4% during mid-day trading on Friday . The stock traded as low as $9.73 and last traded at $9.86. 74,985 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 829,721 shares. The stock had previously closed at $10.31.

Analyst Ratings Changes

Separately, StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

SunCoke Energy Price Performance

The stock has a market capitalization of $825.76 million, a P/E ratio of 9.82 and a beta of 1.02. The business has a fifty day simple moving average of $8.51 and a 200-day simple moving average of $9.52. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.19 and a current ratio of 2.22.

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 analysts’ consensus estimates of $0.23 by $0.13. The company 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%. SunCoke Energy’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 earnings per share. Sell-side analysts expect that SunCoke Energy, Inc. will post 0.94 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 Monday, December 2nd. Stockholders of record on Thursday, November 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Thursday, November 14th. SunCoke Energy’s dividend payout ratio is presently 48.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its holdings in shares of SunCoke Energy by 84.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 724,886 shares of the energy company’s stock valued at $8,169,000 after buying an additional 332,197 shares in the last quarter. American Century Companies Inc. grew its position in shares of SunCoke Energy by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock worth $24,620,000 after buying an additional 292,050 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of SunCoke Energy by 50.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 453,087 shares of the energy company’s stock worth $5,106,000 after buying an additional 152,002 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of SunCoke Energy by 3.1% during the second quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company’s stock valued at $46,141,000 after purchasing an additional 139,971 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of SunCoke Energy by 111.3% during the second quarter. Bank of Montreal Can now owns 176,260 shares of the energy company’s stock valued at $1,729,000 after purchasing an additional 92,827 shares in the last quarter. 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.