Peabody Energy Co. (NYSE:BTU) has been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $44.40.
Several brokerages recently weighed in on BTU. Clarkson Capital cut shares of Peabody Energy from a “buy” rating to a “neutral” rating in a research note on Friday, November 16th. Zacks Investment Research cut shares of Peabody Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 5th. ValuEngine cut shares of Peabody Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. B. Riley reduced their price objective on shares of Peabody Energy from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Finally, Macquarie reduced their price objective on shares of Peabody Energy from $49.00 to $36.00 and set a “hold” rating on the stock in a research note on Monday, October 1st.
In other Peabody Energy news, EVP A. Verona Dorch sold 3,187 shares of the company’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $35.28, for a total transaction of $112,437.36. Following the sale, the executive vice president now owns 142,456 shares of the company’s stock, valued at $5,025,847.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Trilogy Capital Inc. bought a new stake in Peabody Energy during the third quarter valued at $156,000. Cerebellum GP LLC acquired a new position in shares of Peabody Energy during the third quarter valued at about $160,000. Advisors Asset Management Inc. raised its holdings in shares of Peabody Energy by 169.3% during the second quarter. Advisors Asset Management Inc. now owns 5,456 shares of the coal producer’s stock valued at $248,000 after purchasing an additional 3,430 shares during the period. Cim Investment Mangement Inc. acquired a new position in shares of Peabody Energy during the third quarter valued at about $203,000. Finally, GWM Advisors LLC acquired a new position in shares of Peabody Energy during the third quarter valued at about $229,000. 99.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of Peabody Energy stock opened at $31.92 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. Peabody Energy has a twelve month low of $29.08 and a twelve month high of $47.84. The firm has a market capitalization of $3.64 billion, a P/E ratio of 8.12 and a beta of 0.46.
Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Tuesday, October 30th. The coal producer reported $0.59 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.55). Peabody Energy had a return on equity of 19.01% and a net margin of 13.20%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm earned $1.47 EPS. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Peabody Energy will post 2.87 earnings per share for the current fiscal year.
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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