Peabody Energy (NYSE:BTU) had its target price dropped by equities researchers at B. Riley from $45.00 to $42.00 in a research note issued on Monday. The firm presently has a “buy” rating on the coal producer’s stock. B. Riley’s price target points to a potential upside of 20.52% from the stock’s current price.
A number of other equities analysts have also recently issued reports on BTU. ValuEngine cut shares of Peabody Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research cut shares of Peabody Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 15th. Macquarie cut their target price on shares of Peabody Energy from $49.00 to $36.00 and set a “hold” rating for the company in a research report on Monday, October 1st. Seaport Global Securities cut shares of Peabody Energy from a “buy” rating to a “neutral” rating in a research report on Friday, September 28th. Finally, Clarkson Capital cut shares of Peabody Energy from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research report on Friday, September 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $44.33.
BTU traded up $0.37 during midday trading on Monday, reaching $34.85. 651,471 shares of the company’s stock were exchanged, compared to its average volume of 1,094,824. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.20 billion, a P/E ratio of 8.82 and a beta of 0.64. 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 earnings results on Tuesday, October 30th. The coal producer reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.55). The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.37 billion. Peabody Energy had a return on equity of 19.01% and a net margin of 13.20%. The business’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. As a group, analysts forecast that Peabody Energy will post 3.47 EPS for the current fiscal year.
In other news, EVP Charles F. Meintjes sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $42.10, for a total value of $1,473,500.00. Following the completion of the transaction, the executive vice president now owns 170,910 shares of the company’s stock, valued at $7,195,311. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider George John Schuller, Jr. sold 12,312 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $41.13, for a total transaction of $506,392.56. Following the completion of the transaction, the insider now directly owns 55,627 shares of the company’s stock, valued at approximately $2,287,938.51. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
Several large investors have recently bought and sold shares of BTU. Trilogy Capital Inc. acquired a new position in shares of Peabody Energy in the third quarter valued at approximately $156,000. Cerebellum GP LLC purchased a new stake in Peabody Energy in the third quarter valued at approximately $160,000. First Quadrant L P CA grew its holdings in Peabody Energy by 51.3% in the second quarter. First Quadrant L P CA now owns 3,910 shares of the coal producer’s stock valued at $178,000 after purchasing an additional 1,325 shares during the period. CIBC Asset Management Inc purchased a new stake in Peabody Energy in the second quarter valued at approximately $210,000. Finally, Zeke Capital Advisors LLC purchased a new stake in Peabody Energy in the second quarter valued at approximately $211,000. 99.17% of the stock is owned by institutional investors and hedge funds.
Peabody Energy Company Profile
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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