Peabody Energy Co. (NYSE:BTU)’s share price traded down 0.8% on Tuesday . The company traded as low as $8.76 and last traded at $8.92, 39,959 shares traded hands during mid-day trading. A decline of 97% from the average session volume of 1,579,554 shares. The stock had previously closed at $8.99.

A number of analysts have recently weighed in on the stock. B. Riley downgraded shares of Peabody Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $26.00 to $12.00 in a report on Wednesday, October 30th. Zacks Investment Research downgraded shares of Peabody Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. ValuEngine upgraded shares of Peabody Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. BMO Capital Markets reduced their target price on shares of Peabody Energy to $14.00 and set a “market perform” rating on the stock in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. downgraded shares of Peabody Energy from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $35.00 to $30.00 in a report on Monday, August 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $27.00.

The business’s fifty day moving average price is $13.18 and its two-hundred day moving average price is $19.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.41 and a current ratio of 1.74. The stock has a market capitalization of $1.02 billion, a P/E ratio of 2.88 and a beta of 0.77.

Peabody Energy (NYSE:BTU) last posted its earnings results on Tuesday, October 29th. The coal producer reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.64). Peabody Energy had a return on equity of 6.72% and a net margin of 6.92%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was down 21.7% on a year-over-year basis. As a group, analysts forecast that Peabody Energy Co. will post 0.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, October 30th will be paid a dividend of $0.145 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 6.40%. Peabody Energy’s dividend payout ratio is presently 18.41%.

In other news, major shareholder International L.P. Elliott purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $17.43 per share, with a total value of $871,500.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.75% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its stake in shares of Peabody Energy by 779.9% during the 2nd quarter. Bank of Montreal Can now owns 6,441 shares of the coal producer’s stock worth $155,000 after purchasing an additional 5,709 shares during the period. Aperio Group LLC purchased a new stake in Peabody Energy in the 2nd quarter valued at about $168,000. Jefferies Group LLC purchased a new stake in Peabody Energy in the 2nd quarter valued at about $219,000. Bogle Investment Management L P DE purchased a new stake in Peabody Energy in the 2nd quarter valued at about $224,000. Finally, Quantamental Technologies LLC boosted its position in Peabody Energy by 152.5% in the 2nd quarter. Quantamental Technologies LLC now owns 9,839 shares of the coal producer’s stock valued at $237,000 after buying an additional 5,943 shares during the period. 96.94% of the stock is owned by hedge funds and other institutional investors.

About Peabody Energy (NYSE:BTU)

Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.

Read More: How do candlesticks reflect price movement?

Receive News & Ratings for Peabody Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peabody Energy and related companies with MarketBeat.com's FREE daily email newsletter.