Peabody Energy (BTU) Given Average Rating of “Buy” by Analysts

Shares of Peabody Energy (NYSE:BTU) have been assigned an average rating of “Buy” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $42.57.

A number of research firms have recently weighed in on BTU. ValuEngine lowered shares of Peabody Energy from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Tuesday, February 13th. JPMorgan Chase reiterated an “overweight” rating and set a $48.00 target price (down from $52.00) on shares of Peabody Energy in a report on Friday, March 16th. Stifel Nicolaus reiterated a “hold” rating and set a $43.00 target price on shares of Peabody Energy in a report on Tuesday, January 16th. Finally, B. Riley reiterated a “buy” rating and set a $49.00 target price on shares of Peabody Energy in a report on Tuesday, January 23rd.

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In other Peabody Energy news, EVP Charles F. Meintjes sold 1,125 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $36.92, for a total transaction of $41,535.00. Following the completion of the transaction, the executive vice president now owns 206,135 shares of the company’s stock, valued at $7,610,504.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy B. Schwetz sold 933 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $36.92, for a total transaction of $34,446.36. Following the transaction, the chief financial officer now directly owns 215,419 shares of the company’s stock, valued at approximately $7,953,269.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,519 shares of company stock valued at $129,921. 0.42% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in BTU. Orbis Allan Gray Ltd bought a new position in shares of Peabody Energy during the fourth quarter valued at approximately $156,312,000. Platinum Investment Management Ltd. increased its stake in shares of Peabody Energy by 45.0% during the fourth quarter. Platinum Investment Management Ltd. now owns 3,787,899 shares of the coal producer’s stock valued at $149,129,000 after purchasing an additional 1,176,200 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Peabody Energy during the third quarter valued at approximately $33,589,000. Two Sigma Advisers LP increased its stake in shares of Peabody Energy by 846.8% during the fourth quarter. Two Sigma Advisers LP now owns 1,097,725 shares of the coal producer’s stock valued at $43,217,000 after purchasing an additional 981,788 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Peabody Energy by 18.3% during the fourth quarter. BlackRock Inc. now owns 5,222,865 shares of the coal producer’s stock valued at $205,623,000 after purchasing an additional 806,759 shares in the last quarter. 79.34% of the stock is owned by institutional investors and hedge funds.

Peabody Energy stock opened at $36.40 on Thursday. The company has a quick ratio of 1.53, a current ratio of 1.76 and a debt-to-equity ratio of 0.46. The stock has a market cap of $4,686.69 and a PE ratio of 3.75. Peabody Energy has a 1-year low of $22.58 and a 1-year high of $41.98.

Peabody Energy (NYSE:BTU) last posted its earnings results on Wednesday, February 7th. The coal producer reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.19. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. Peabody Energy had a net margin of 14.41% and a return on equity of 32.83%. Peabody Energy’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted ($10.53) earnings per share. sell-side analysts predict that Peabody Energy will post 3.16 earnings per share for the current year.

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About Peabody Energy

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

Analyst Recommendations for Peabody Energy (NYSE:BTU)

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