SunCoke Energy, Inc. (NYSE:SXC) Short Interest Update

SunCoke Energy, Inc. (NYSE:SXC) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 2,750,000 shares, a drop of 21.4% from the October 31st total of 3,500,000 shares. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is presently 2.6 days.

SunCoke Energy Stock Performance

Shares of SXC stock opened at $12.48 on Friday. The business’s 50-day moving average price is $9.94 and its 200-day moving average price is $9.74. SunCoke Energy has a 12 month low of $7.47 and a 12 month high of $12.82. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 12.48 and a beta of 1.02.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.22 by $0.14. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The business had revenue of $490.10 million for the quarter, compared to the consensus estimate of $412.70 million. During the same period last year, the company earned $0.08 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. Equities research analysts forecast that SunCoke Energy will post 1.14 EPS for the current year.

SunCoke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.85%. SunCoke Energy’s dividend payout ratio is 48.00%.

Analyst Ratings Changes

A number of research firms recently issued reports on SXC. 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. StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of SunCoke Energy by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock valued at $77,124,000 after buying an additional 77,649 shares during the last quarter. State Street Corp boosted its holdings in SunCoke Energy by 3.5% in the third quarter. State Street Corp now owns 4,848,334 shares of the energy company’s stock valued at $42,084,000 after acquiring an additional 163,839 shares during the last quarter. Pacer Advisors Inc. increased its position in SunCoke Energy by 3.1% during the 2nd 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 during the period. American Century Companies Inc. raised its holdings in SunCoke Energy by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock worth $24,620,000 after purchasing an additional 292,050 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of SunCoke Energy by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,984,605 shares of the energy company’s stock worth $17,230,000 after purchasing an additional 40,801 shares during the period. 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.