An issue of Peabody Energy Co. (NYSE:BTU) debt fell 0.8% against its face value during trading on Friday. The debt issue has a 6% coupon and is set to mature on March 31, 2022. The debt is now trading at $101.25 and was trading at $101.77 last week. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its stock price.
Several equities analysts have weighed in on BTU shares. Zacks Investment Research raised shares of Peabody Energy from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a report on Friday, June 8th. MKM Partners reaffirmed a “buy” rating and set a $53.00 price target on shares of Peabody Energy in a report on Wednesday, June 6th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $48.00 price target (down previously from $52.00) on shares of Peabody Energy in a report on Friday, March 16th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $45.00.
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Peabody Energy traded up $0.39, hitting $45.28, during trading hours on Friday, MarketBeat.com reports. 976,000 shares of the stock traded hands, compared to its average volume of 1,155,236. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.25 and a quick ratio of 2.02. Peabody Energy Co. has a 1 year low of $24.65 and a 1 year high of $47.84. The company has a market capitalization of $5.63 billion, a P/E ratio of 12.27 and a beta of 1.41.
Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Wednesday, April 25th. The coal producer reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.01). Peabody Energy had a net margin of 15.59% and a return on equity of 26.49%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the firm earned $6.80 EPS. Peabody Energy’s revenue for the quarter was up 10.3% compared to the same quarter last year. sell-side analysts anticipate that Peabody Energy Co. will post 3.55 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. raised its position in shares of Peabody Energy by 1,103.6% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 99,900 shares of the coal producer’s stock valued at $3,932,000 after buying an additional 91,600 shares during the last quarter. Systematic Financial Management LP bought a new stake in shares of Peabody Energy during the first quarter valued at approximately $1,367,000. BlackRock Inc. raised its position in shares of Peabody Energy by 18.3% during the fourth quarter. BlackRock Inc. now owns 5,222,865 shares of the coal producer’s stock valued at $205,623,000 after buying an additional 806,759 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Peabody Energy by 211.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 55,971 shares of the coal producer’s stock valued at $2,204,000 after buying an additional 38,026 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Peabody Energy by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 804,804 shares of the coal producer’s stock valued at $31,685,000 after buying an additional 40,058 shares during the last quarter. Hedge funds and other institutional investors own 99.57% of the company’s stock.
About Peabody Energy
Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.