SunCoke Energy Inc. (SXC): Technicals Say You should Hold

SunCoke Energy Inc. (NYSE:SXC) saw an upside of 0.90% to close Monday at $6.72 after adding $0.06 on the day. The 5-day average trading volume is 804,940 shares of the company’s common stock. It has gained $7.02 in the past week. An average of 845,170 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 779,210.

SXC’s 1-month performance is -4.55% or -$0.32 on its low of $5.85 reached on 09/21/21. The company’s shares have touched a 52-week low of $3.35 and high of $8.15, with the stock’s rally to the 52-week high happening on 06/10/21. YTD, SXC has achieved 54.48% or $2.37. However, the current price is down -17.50%% from the 52-week high price.


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Insider Transactions

On Aug 13, 60 days have gone by since the last insider trading activity for SunCoke Energy Inc. (SXC). Gates Katherine T (SVP, Chief Legal Officer & Chi) most recently sold 19,883 shares at $7.40 per share on Aug 13. This transaction cost the insider $147,035.

Valuation Metrics

SunCoke Energy Inc. (SXC) has a trailing price-to-earnings (P/E) ratio of 8.40 for the broader industry and 13.47 for the sector. The company’s PE ratio for the last five years has touched a high of 155.88 and a low of 3.207. SXC stock has a beta of 1.19. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.42 while the price-to-book (PB) in the most recent quarter is 1.19, with the price to cash flow ratio at 4.53.

SunCoke Energy Inc. pays an annual dividend of $0.24 per share. Its dividend yield is 3.57%. SXC’s most recent quarterly dividend payment was made on Sep. 1, when it paid $0.06 a share compared with prior rate of $0.06, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend decrease of $0.09 reported on Tuesday November 5 2019.

It is projected that SunCoke Energy Inc.’s next ex-dividend date will be on 22-Nov. SXC is expected to distribute $0.06 as its next dividend.

SunCoke Energy Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 1.60 meaning that SXC stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.39, while the total debt to equity was 1.39. In terms of profitability, the gross margin trailing 12 months is 22.60%. The trailing 12-month EBITDA margin is 15.34% while for the period ending June 29; SunCoke Energy Inc.’s operating margin was 4.50%. The firm’s gross profit as reported stood at $284.8 million against revenue of $1.33 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 7.22% to $364.3 million, while revenue of $359.9 million was 1.21% off the previous quarter. Analysts expected SXC to announce $0.09 per share in earnings in its latest quarter, but it posted -$0.11, representing a -222.20% surprise. EBITDA for the quarter stood at more than $68.0 million. SXC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.09 billion, with total debt at $655.4 million. Shareholders hold equity totaling $83.04 million

Technical Picture

Let’s look briefly at SunCoke Energy Inc. (SXC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 59.11% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.85%.

The stock’s 5-day moving average is $6.65, reflecting a +2.13% or $0.14 change from its current price. SXC is currently trading -1.90% above its 20-day SMA, -7.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -13.07% and +56.64% respectively.

Stochastic %K and %D was 82.77% and 85.36% and the average true range (ATR) pointed at 0.29. The RSI (14) points at 53.65%, while the 14-day stochastic is at 67.03% with the period’s ATR at 0.29. The stock’s 9-day MACD Oscillator is pointing at 0.14 and 0.24 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for SunCoke Energy Inc. (NYSE: SXC), The Benchmark Company launched coverage with a Hold rating. Analysts offering their rating for SXC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SXC as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is SXC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $9.00 and a high of $10.00, with their median price target at $9.50. Looking at these predictions, the average price target given by analysts is for SunCoke Energy Inc. (SXC) stock is $9.50.

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