Shares of Peabody Energy Co. (NYSE:BTU) have been given a consensus rating of “Hold” by the ten ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $36.50.
BTU has been the topic of several analyst reports. MKM Partners lowered their target price on Peabody Energy from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Credit Suisse Group reiterated a “neutral” rating and set a $108.00 target price on shares of Wynn Resorts in a research report on Wednesday, March 20th. Deutsche Bank set a $81.00 target price on Franco Nevada and gave the company a “hold” rating in a research report on Thursday. BMO Capital Markets reiterated an “outperform” rating and set a C$13.00 target price on shares of IPL Plastics in a research report on Wednesday, March 20th. Finally, Zacks Investment Research downgraded Hess Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th.
In other news, EVP Charles F. Meintjes sold 35,779 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $23.68, for a total value of $847,246.72. Following the transaction, the executive vice president now directly owns 123,398 shares in the company, valued at $2,922,064.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in shares of Peabody Energy by 0.7% in the fourth quarter. Van ECK Associates Corp now owns 82,016 shares of the coal producer’s stock worth $2,500,000 after purchasing an additional 591 shares during the last quarter. First Midwest Bank Trust Division increased its stake in Peabody Energy by 3.5% during the first quarter. First Midwest Bank Trust Division now owns 29,703 shares of the coal producer’s stock worth $841,000 after acquiring an additional 1,000 shares during the last quarter. Alphasimplex Group LLC increased its stake in Peabody Energy by 3.8% during the first quarter. Alphasimplex Group LLC now owns 36,860 shares of the coal producer’s stock worth $1,044,000 after acquiring an additional 1,347 shares during the last quarter. Hsbc Holdings PLC increased its stake in Peabody Energy by 25.7% during the fourth quarter. Hsbc Holdings PLC now owns 8,336 shares of the coal producer’s stock worth $254,000 after acquiring an additional 1,702 shares during the last quarter. Finally, Martingale Asset Management L P increased its stake in Peabody Energy by 2.8% during the fourth quarter. Martingale Asset Management L P now owns 61,974 shares of the coal producer’s stock worth $1,889,000 after acquiring an additional 1,704 shares during the last quarter.
NYSE BTU traded up $0.28 on Friday, hitting $23.24. 710,542 shares of the company traded hands, compared to its average volume of 892,149. The firm has a market cap of $2.49 billion, a P/E ratio of 7.38 and a beta of 0.84. The company has a quick ratio of 1.52, a current ratio of 1.77 and a debt-to-equity ratio of 0.42. The business has a 50 day simple moving average of $23.46. Peabody Energy has a 52-week low of $21.42 and a 52-week high of $45.24.
Peabody Energy (NYSE:BTU) last released its earnings results on Wednesday, May 1st. The coal producer reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.65. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. Peabody Energy had a return on equity of 12.55% and a net margin of 10.61%. Peabody Energy’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. As a group, analysts anticipate that Peabody Energy will post 1.86 EPS for the current year.
Peabody Energy Company Profile
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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