SunCoke Energy (NYSE:SXC) Trading Down 4.4% - Should You Sell?

Shares of SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) dropped 4.4% during trading on Friday . The company traded as low as $9.73 and last traded at $9.86. Approximately 74,985 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 829,721 shares. The stock had previously closed at $10.31.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of 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 cap of $826.62 million, a price-to-earnings ratio of 9.83 and a beta of 1.04. The company has a quick ratio of 1.19, a current ratio of 2.22 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average price of $8.51 and a 200-day moving average price of $9.52.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its quarterly 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 business had revenue of $490.10 million during the quarter, compared to the consensus estimate of $412.70 million. SunCoke Energy had a net margin of 3.11% and a return on equity of 9.56%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share. As a group, research analysts expect that SunCoke Energy, Inc. will post 0.94 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The company 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 $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.88%. SunCoke Energy's dividend payout ratio (DPR) is 48.00%.

Hedge Funds Weigh In On SunCoke Energy

Large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC raised its holdings in shares of 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 purchasing an additional 4,400 shares during the period. Innealta Capital LLC acquired a new stake in shares of SunCoke Energy during the 2nd quarter worth approximately $70,000. Optas LLC bought a new stake in SunCoke Energy in the third quarter valued at $88,000. Algert Global LLC bought a new stake in SunCoke Energy in the 2nd quarter valued at about $107,000. Finally, Retirement Investment Advisors Inc. acquired a new position in SunCoke Energy during the 2nd quarter valued at about $110,000. 90.45% of the stock is currently 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.