ValuEngine cut shares of Peabody Energy (NYSE:BTU) from a sell rating to a strong sell rating in a research note released on Thursday.
Other equities analysts also recently issued reports about the stock. Macquarie cut their price target on shares of Peabody Energy from $49.00 to $36.00 and set a hold rating on the stock in a report on Monday, October 1st. Clarkson Capital downgraded shares of Peabody Energy from a buy rating to a hold rating and set a $47.00 price objective on the stock. in a report on Friday, September 28th. Zacks Investment Research raised shares of Peabody Energy from a hold rating to a strong-buy rating and set a $39.00 price objective on the stock in a report on Thursday, October 11th. B. Riley upped their price objective on shares of Peabody Energy from $51.00 to $52.00 and gave the company a buy rating in a report on Wednesday, July 25th. Finally, Seaport Global Securities downgraded shares of Peabody Energy from a buy rating to a neutral rating in a report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $44.67.
Shares of NYSE:BTU traded up $0.53 during midday trading on Thursday, reaching $35.01. The company had a trading volume of 63,833 shares, compared to its average volume of 843,095. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.05. The company has a market capitalization of $4.20 billion, a P/E ratio of 8.82 and a beta of 0.64. Peabody Energy has a 52-week low of $30.49 and a 52-week high of $47.84.
Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Tuesday, October 30th. The coal producer reported $0.59 earnings per share for the quarter, missing the Zacks’ 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 return on equity of 19.01% and a net margin of 13.20%. Peabody Energy’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share. As a group, research analysts predict that Peabody Energy will post 3.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, October 31st will be issued a dividend of $0.13 per share. The ex-dividend date is Tuesday, October 30th. This is an increase from Peabody Energy’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a yield of 1.49%.
In other news, EVP Charles F. Meintjes sold 35,000 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $42.10, for a total transaction of $1,473,500.00. Following the sale, the executive vice president now directly owns 170,910 shares in the company, valued at $7,195,311. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider George John Schuller, Jr. sold 12,312 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $41.13, for a total value of $506,392.56. Following the sale, the insider now owns 55,627 shares in the company, valued at $2,287,938.51. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Trilogy Capital Inc. bought a new stake in shares of Peabody Energy during the third quarter valued at about $156,000. Cerebellum GP LLC bought a new stake in shares of Peabody Energy during the third quarter valued at about $160,000. First Quadrant L P CA increased its position in shares of Peabody Energy by 51.3% during the second quarter. First Quadrant L P CA now owns 3,910 shares of the coal producer’s stock valued at $178,000 after buying an additional 1,325 shares during the period. CIBC Asset Management Inc bought a new stake in shares of Peabody Energy during the second quarter valued at about $210,000. Finally, Zeke Capital Advisors LLC bought a new stake in shares of Peabody Energy during the second quarter valued at about $211,000. Hedge funds and other institutional investors own 99.17% of the company’s stock.
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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