Peabody Energy (NYSE:BTU - Get Free Report) had its target price dropped by equities research analysts at Jefferies Financial Group from $30.00 to $26.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the coal producer's stock. Jefferies Financial Group's price target would suggest a potential upside of 33.47% from the company's previous close.
Several other analysts have also commented on the stock. Benchmark lifted their price objective on shares of Peabody Energy from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. BMO Capital Markets raised Peabody Energy from a "market perform" rating to an "outperform" rating and set a $26.00 price objective for the company in a report on Monday, December 16th. Finally, B. Riley boosted their target price on Peabody Energy from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, September 17th.
Get Our Latest Report on Peabody Energy
Peabody Energy Stock Performance
Shares of NYSE BTU traded down $0.75 during midday trading on Monday, reaching $19.48. The company's stock had a trading volume of 3,574,712 shares, compared to its average volume of 2,512,237. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.75. The stock has a market capitalization of $2.37 billion, a P/E ratio of 5.15 and a beta of 0.99. The firm has a 50 day moving average price of $24.00 and a 200-day moving average price of $23.56. Peabody Energy has a 12-month low of $19.44 and a 12-month high of $29.94.
Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The coal producer reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.16. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. As a group, equities analysts predict that Peabody Energy will post 3.15 earnings per share for the current year.
Insider Transactions at Peabody Energy
In related news, CFO Mark Spurbeck sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the transaction, the chief financial officer now owns 65,710 shares of the company's stock, valued at approximately $1,939,759.20. The trade was a 13.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.09% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in BTU. Financial Management Professionals Inc. bought a new stake in Peabody Energy during the third quarter valued at $36,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Peabody Energy in the 3rd quarter valued at about $43,000. Altshuler Shaham Ltd bought a new stake in shares of Peabody Energy during the 2nd quarter valued at about $44,000. GAMMA Investing LLC grew its holdings in shares of Peabody Energy by 292.6% during the third quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer's stock worth $55,000 after purchasing an additional 1,533 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Peabody Energy by 139.9% in the third quarter. Blue Trust Inc. now owns 2,756 shares of the coal producer's stock worth $73,000 after purchasing an additional 1,607 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.
About Peabody Energy
(
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Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.
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