SunCoke Energy (NYSE:SXC) Sets New 52-Week High – Time to Buy?

SunCoke Energy, Inc. (NYSE:SXC) shares reached a new 52-week high on Thursday . The stock traded as high as $13.20 and last traded at $13.20, with a volume of 127 shares changing hands. The stock had previously closed at $12.57.

Wall Street Analysts Forecast Growth

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

SunCoke Energy Trading Up 0.8 %

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 is $9.58 and its two-hundred day moving average is $9.69. The firm has a market cap of $1.07 billion, a P/E ratio of 12.72 and a beta of 1.02.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.22 by $0.14. The business had revenue of $490.10 million during the quarter, compared to analyst estimates of $412.70 million. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. SunCoke Energy’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. Analysts predict that SunCoke Energy, Inc. will post 1.14 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.77%. SunCoke Energy’s payout ratio is presently 48.00%.

Institutional Investors Weigh In On SunCoke Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC boosted its holdings in SunCoke Energy by 7.4% in the first quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock worth $190,000 after purchasing an additional 1,158 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of SunCoke Energy by 1.1% in the first quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock worth $77,124,000 after buying an additional 77,649 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in SunCoke Energy by 10.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 78,993 shares of the energy company’s stock valued at $889,000 after buying an additional 7,496 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of SunCoke Energy by 6.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,728 shares of the energy company’s stock worth $707,000 after acquiring an additional 3,570 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of SunCoke Energy by 2.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 99,682 shares of the energy company’s stock valued at $1,123,000 after acquiring an additional 2,539 shares during the period. Institutional investors own 90.45% of the company’s stock.

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.