Peabody Energy (NYSE:BTU) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Friday. The brokerage currently has a $54.00 price objective on the coal producer’s stock. Zacks Investment Research‘s price target suggests a potential upside of 15.24% from the company’s current price.
According to Zacks, “Peabody Energy Corporation is a coal company. It provides voice in advocating for sustainable mining, energy access and clean coal technologies. The company serves metallurgical and thermal coal customers primarily in Arizona, Colorado, New Mexico and Wyoming, Illinois, Indiana and Australia. Peabody Energy Corporation is based in St Louis, United States. “
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BTU has been the topic of several other research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $48.00 price objective (down previously from $52.00) on shares of Peabody Energy in a report on Friday, March 16th. MKM Partners reaffirmed a “buy” rating and set a $53.00 price objective on shares of Peabody Energy in a report on Wednesday. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Peabody Energy has a consensus rating of “Buy” and a consensus price target of $45.00.
Shares of Peabody Energy traded down $0.02, hitting $46.86, during mid-day trading on Friday, Marketbeat.com reports. 863,000 shares of the stock were exchanged, compared to its average volume of 1,166,710. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 12.79 and a beta of 1.42. Peabody Energy has a 12-month low of $22.58 and a 12-month high of $47.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.02 and a current ratio of 2.25.
Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Wednesday, April 25th. The coal producer reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.01). The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Peabody Energy had a return on equity of 26.49% and a net margin of 15.59%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $6.80 EPS. research analysts predict that Peabody Energy will post 3.35 EPS for the current year.
In other news, CFO Amy B. Schwetz sold 933 shares of the stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $36.92, for a total transaction of $34,446.36. Following the completion of the sale, the chief financial officer now owns 215,419 shares in the company, valued at $7,953,269.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kemal Williamson sold 1,461 shares of the firm’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $36.92, for a total transaction of $53,940.12. Following the completion of the sale, the insider now owns 205,386 shares of the company’s stock, valued at approximately $7,582,851.12. The disclosure for this sale can be found here. Insiders have sold 3,519 shares of company stock valued at $129,921 in the last quarter. Insiders own 0.42% of the company’s stock.
A number of large investors have recently made changes to their positions in BTU. SG Americas Securities LLC acquired a new stake in Peabody Energy in the fourth quarter valued at about $110,000. Meeder Asset Management Inc. lifted its position in Peabody Energy by 147.2% in the fourth quarter. Meeder Asset Management Inc. now owns 3,624 shares of the coal producer’s stock valued at $142,000 after purchasing an additional 2,158 shares during the period. Asset Management One Co. Ltd. acquired a new stake in Peabody Energy in the first quarter valued at about $178,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Peabody Energy in the fourth quarter valued at about $179,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Peabody Energy in the first quarter valued at about $226,000.
Peabody Energy Company Profile
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.
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