Peabody Energy (BTU) Hits New 12-Month High at $35.18
Peabody Energy Corporation (NYSE:BTU) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $35.18 and last traded at $34.24, with a volume of 738400 shares. The stock had previously closed at $33.99.
BTU has been the subject of a number of research analyst reports. B. Riley reiterated a “buy” rating on shares of Peabody Energy in a research report on Wednesday, November 1st. Jefferies Group upgraded shares of Peabody Energy to a “buy” rating and increased their target price for the stock from $38.00 to $43.00 in a research report on Tuesday, December 5th. Zacks Investment Research downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. FBR & Co set a $35.00 target price on shares of Peabody Energy and gave the stock a “buy” rating in a research report on Monday, September 11th. Finally, MKM Partners reiterated a “buy” rating and issued a $38.00 target price (up previously from $32.00) on shares of Peabody Energy in a research report on Thursday, August 24th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Peabody Energy currently has an average rating of “Buy” and a consensus target price of $36.44.
The company has a debt-to-equity ratio of 0.60, a current ratio of 1.75 and a quick ratio of 1.47.
Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Wednesday, October 25th. The coal producer reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.14. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. Peabody Energy had a net margin of 4.60% and a return on equity of 19.92%. Peabody Energy’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter last year, the firm earned ($7.53) EPS. equities research analysts anticipate that Peabody Energy Corporation will post 9.62 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. acquired a new position in Peabody Energy in the 2nd quarter valued at $105,000. New York State Teachers Retirement System acquired a new stake in Peabody Energy in the 3rd quarter worth $125,000. FNY Partners Fund LP acquired a new stake in Peabody Energy in the 2nd quarter worth $146,000. BNP Paribas Arbitrage SA acquired a new stake in Peabody Energy in the 2nd quarter worth $162,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Peabody Energy in the 3rd quarter worth $209,000. Institutional investors and hedge funds own 95.17% of the company’s stock.
About Peabody Energy
Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.
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