Shares of Peabody Energy Co. (NYSE:BTU) have earned a consensus rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $36.17.
Several research firms have recently weighed in on BTU. Zacks Investment Research raised Peabody Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, July 22nd. MKM Partners reduced their price objective on Peabody Energy from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Finally, Deutsche Bank reduced their price objective on Peabody Energy from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday.
In related news, EVP Charles F. Meintjes sold 35,779 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $23.68, for a total transaction of $847,246.72. Following the sale, the executive vice president now directly owns 123,398 shares in the company, valued at approximately $2,922,064.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.75% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Quantamental Technologies LLC purchased a new stake in shares of Peabody Energy during the 1st quarter valued at about $110,000. Aperio Group LLC purchased a new stake in Peabody Energy during the 2nd quarter worth approximately $168,000. Convergence Investment Partners LLC purchased a new stake in Peabody Energy during the 1st quarter worth approximately $201,000. Water Island Capital LLC purchased a new stake in Peabody Energy during the 1st quarter worth approximately $255,000. Finally, Shell Asset Management Co. purchased a new stake in Peabody Energy during the 1st quarter worth approximately $272,000.
Shares of NYSE BTU traded down $0.32 during midday trading on Wednesday, hitting $18.10. The stock had a trading volume of 23,973 shares, compared to its average volume of 926,546. The company has a market cap of $1.97 billion, a P/E ratio of 5.75 and a beta of 0.83. Peabody Energy has a 1-year low of $17.85 and a 1-year high of $44.71. The company has a quick ratio of 1.52, a current ratio of 1.81 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $22.87.
Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Wednesday, July 31st. The coal producer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.22 billion. Peabody Energy had a return on equity of 10.64% and a net margin of 9.47%. The company’s revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. On average, sell-side analysts anticipate that Peabody Energy will post 2.16 earnings per share for the current fiscal year.
About Peabody Energy
Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.
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