Peabody Energy Co. (NYSE:BTU - Get Free Report) fell 3.2% during mid-day trading on Friday . The stock traded as low as $20.82 and last traded at $20.85. 1,941,505 shares traded hands during trading, a decline of 34% from the average session volume of 2,949,286 shares. The stock had previously closed at $21.55.
Analyst Upgrades and Downgrades
A number of research firms have commented on BTU. BMO Capital Markets raised Peabody Energy from a "market perform" rating to an "outperform" rating and set a $26.00 target price on the stock in a report on Monday. Benchmark raised their price objective on Peabody Energy from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, B. Riley lifted their price objective on shares of Peabody Energy from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, September 17th.
Check Out Our Latest Analysis on Peabody Energy
Peabody Energy Stock Down 4.3 %
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's fifty day simple moving average is $24.93 and its 200-day simple moving average is $23.75. The stock has a market cap of $2.51 billion, a P/E ratio of 5.46 and a beta of 0.95.
Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The coal producer reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.16. The business had revenue of $1.09 billion for 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 was up .8% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. On average, research analysts anticipate that Peabody Energy Co. will post 3.15 earnings per share for the current year.
Peabody Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, November 14th. Peabody Energy's dividend payout ratio (DPR) is 7.94%.
Insider Transactions at Peabody Energy
In other Peabody Energy news, CFO Mark Spurbeck sold 10,000 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was 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 in the company, valued at approximately $1,939,759.20. The trade was a 13.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.09% of the company's stock.
Institutional Investors Weigh In On Peabody Energy
Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in Peabody Energy by 11,390.0% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer's stock valued at $28,000 after purchasing an additional 1,139 shares in the last quarter. Financial Management Professionals Inc. bought a new position in Peabody Energy during the third quarter valued at about $36,000. Harbor Capital Advisors Inc. bought a new position in Peabody Energy during the third quarter valued at about $43,000. Altshuler Shaham Ltd acquired a new position in Peabody Energy during the second quarter worth about $44,000. Finally, GAMMA Investing LLC grew its stake in shares of Peabody Energy by 292.6% in the 3rd 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 during the last quarter. 87.44% of the stock is currently owned by institutional investors.
Peabody Energy Company Profile
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Get Free Report)
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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