SunCoke Energy, Inc. (NYSE:SXC) Sees Significant Decrease in Short Interest

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) was the target of 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 trading volume, of 1,070,000 shares, the short-interest ratio is currently 2.6 days.

Analyst Ratings Changes

Several equities research analysts have weighed in on SXC shares. Benchmark reissued a "buy" rating and set a $13.00 price objective 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 research report on Wednesday, October 16th.

Institutional Investors Weigh In On SunCoke Energy

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in SunCoke Energy by 1.1% during the first 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 period. GSA Capital Partners LLP lifted its stake in shares of SunCoke Energy by 112.5% during the 3rd quarter. GSA Capital Partners LLP now owns 176,855 shares of the energy company's stock worth $1,535,000 after purchasing an additional 93,644 shares during the last quarter. Bank of Montreal Can boosted its position in 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. CWA Asset Management Group LLC purchased a new position in SunCoke Energy in the third quarter valued at about $497,000. Finally, Semanteon Capital Management LP bought a new position in SunCoke Energy in the third quarter worth about $802,000. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Trading Down 0.2 %

SXC stock traded down $0.02 during mid-day trading on Friday, reaching $12.46. The company had a trading volume of 540,891 shares, compared to its average volume of 839,861. The company has a market capitalization of $1.05 billion, a PE ratio of 12.48 and a beta of 1.02. The firm has a 50 day moving average of $10.02 and a 200 day moving average of $9.76. SunCoke Energy has a 12 month low of $7.47 and a 12 month high of $12.82. 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 - Get Free Report) last issued its earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.14. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The business had revenue of $490.10 million during the quarter, compared to analyst estimates of $412.70 million. During the same period in the previous year, the company posted $0.08 EPS. SunCoke Energy's revenue was down 5.8% on a year-over-year basis. On average, equities analysts predict that SunCoke Energy will post 1.14 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. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, November 14th. SunCoke Energy's payout ratio is 48.00%.

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.