Peabody Energy Co. (NYSE:BTU) has received a consensus rating of “Hold” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $45.00.
Several brokerages have recently issued reports on BTU. B. Riley lifted their price objective on Peabody Energy from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research cut Peabody Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 15th. Macquarie decreased their price objective on Peabody Energy from $49.00 to $36.00 and set a “hold” rating for the company in a research note on Monday, October 1st. ValuEngine cut Peabody Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, Seaport Global Securities cut Peabody Energy from a “buy” rating to a “neutral” rating in a research note on Friday, September 28th.
Shares of BTU traded down $1.10 during midday trading on Monday, hitting $34.35. The company had a trading volume of 24,707 shares, compared to its average volume of 797,578. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.01 and a current ratio of 2.05. The stock has a market capitalization of $4.27 billion, a PE ratio of 8.97 and a beta of 0.91. Peabody Energy has a 1 year low of $30.49 and a 1 year high of $47.84.
Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Tuesday, October 30th. The coal producer reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.55). The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Peabody Energy had a net margin of 13.20% and a return on equity of 19.01%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 EPS. Analysts predict that Peabody Energy will post 3.89 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, October 31st will be paid a dividend of $0.13 per share. This is a boost from Peabody Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.52 annualized dividend and a yield of 1.51%.
In related news, insider George John Schuller, Jr. sold 12,312 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $41.13, for a total transaction of $506,392.56. Following the completion of the sale, the insider now owns 55,627 shares in the company, valued at $2,287,938.51. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Charles F. Meintjes sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $42.10, for a total value of $1,473,500.00. Following the sale, the executive vice president now owns 170,910 shares of the company’s stock, valued at approximately $7,195,311. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTU. Guggenheim Capital LLC increased its position in Peabody Energy by 23.3% during the first quarter. Guggenheim Capital LLC now owns 12,785 shares of the coal producer’s stock worth $466,000 after buying an additional 2,412 shares during the period. Legal & General Group Plc increased its position in Peabody Energy by 949.7% during the first quarter. Legal & General Group Plc now owns 181,551 shares of the coal producer’s stock worth $6,627,000 after buying an additional 164,256 shares during the period. Allianz Asset Management GmbH acquired a new position in Peabody Energy during the first quarter worth approximately $13,710,000. Empowered Funds LLC acquired a new position in Peabody Energy during the second quarter worth approximately $1,661,000. Finally, Bank of Montreal Can increased its position in Peabody Energy by 69.9% during the second quarter. Bank of Montreal Can now owns 81,574 shares of the coal producer’s stock worth $3,710,000 after buying an additional 33,574 shares during the period. 99.16% of the stock is currently owned by institutional investors.
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.
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