Peabody Energy Co. (NYSE:BTU) shares traded up 6.3% on Monday . The stock traded as high as $18.00 and last traded at $17.97, 1,328,553 shares were traded during trading. An increase of 54% from the average session volume of 862,150 shares. The stock had previously closed at $16.91.
A number of research analysts have weighed in on the stock. BMO Capital Markets dropped their price objective on shares of Peabody Energy from $25.00 to $22.00 and set a “market perform” rating on the stock in a research note on Friday, September 6th. B. Riley decreased their target price on shares of Peabody Energy from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, September 6th. TheStreet lowered shares of Peabody Energy from a “c-” rating to a “d+” rating in a report on Thursday, August 15th. Deutsche Bank lowered their target price on shares of Peabody Energy from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. cut shares of Peabody Energy from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $35.00 to $30.00 in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.20.
The company has a current ratio of 1.81, a quick ratio of 1.49 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average of $18.93 and a 200 day moving average of $24.78. The firm has a market capitalization of $1.92 billion, a PE ratio of 5.88 and a beta of 0.89.
Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Wednesday, July 31st. The coal producer reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.09. Peabody Energy had a net margin of 9.47% and a return on equity of 10.64%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm earned $0.93 EPS. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, sell-side analysts expect that Peabody Energy Co. will post 1.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st will be issued a $0.145 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.58 annualized dividend and a dividend yield of 3.13%. This is an increase from Peabody Energy’s previous quarterly dividend of $0.14. Peabody Energy’s dividend payout ratio is currently 18.41%.
In other news, major shareholder International L.P. Elliott purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average cost of $17.43 per share, with a total value of $871,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 859,698 shares of company stock worth $15,724,796 over the last three months. 0.75% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of Peabody Energy by 779.9% during the second quarter. Bank of Montreal Can now owns 6,441 shares of the coal producer’s stock valued at $155,000 after acquiring an additional 5,709 shares during the last quarter. Aperio Group LLC bought a new position in Peabody Energy in the 2nd quarter valued at $168,000. Water Island Capital LLC bought a new position in Peabody Energy in the 1st quarter valued at $255,000. Jefferies Group LLC bought a new position in Peabody Energy in the 2nd quarter valued at $219,000. Finally, Bogle Investment Management L P DE purchased a new stake in shares of Peabody Energy during the 2nd quarter valued at $224,000. 98.23% of the stock is owned by institutional investors.
Peabody Energy Company Profile (NYSE:BTU)
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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