Stock Traders Buy Large Volume of Peabody Energy Put Options (BTU)
Peabody Energy Co. (NYSE:BTU) saw unusually large options trading on Monday. Stock traders purchased 2,179 put options on the stock. This is an increase of 626% compared to the average volume of 300 put options.
Several analysts have recently issued reports on the company. FBR & Co increased their target price on Peabody Energy from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Macquarie began coverage on Peabody Energy in a research report on Thursday, September 7th. They set a “neutral” rating and a $30.00 price objective for the company. Zacks Investment Research upgraded Peabody Energy from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Monday, December 4th. Stifel Nicolaus restated a “hold” rating and set a $32.00 price objective on shares of Peabody Energy in a research report on Sunday, September 10th. Finally, ValuEngine downgraded Peabody Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $37.11.
Several institutional investors and hedge funds have recently modified their holdings of BTU. Ameritas Investment Partners Inc. bought a new position in shares of Peabody Energy during the second quarter worth about $105,000. New York State Teachers Retirement System bought a new position in shares of Peabody Energy during the third quarter worth about $125,000. FNY Partners Fund LP bought a new position in shares of Peabody Energy during the second quarter worth about $146,000. BNP Paribas Arbitrage SA acquired a new stake in Peabody Energy during the second quarter worth approximately $162,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Peabody Energy during the third quarter worth approximately $209,000. Institutional investors own 95.17% of the company’s stock.
Peabody Energy (NYSE BTU) opened at $39.37 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.75 and a debt-to-equity ratio of 0.60. Peabody Energy has a 1 year low of $22.58 and a 1 year high of $39.86.
Peabody Energy (NYSE:BTU) last posted its earnings results on Wednesday, October 25th. The coal producer reported $1.49 EPS for the quarter, beating the consensus estimate of $1.35 by $0.14. Peabody Energy had a return on equity of 19.92% and a net margin of 4.60%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company earned ($7.53) earnings per share. The business’s quarterly revenue was up 22.4% on a year-over-year basis. sell-side analysts predict that Peabody Energy will post 9.62 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This article was first reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.watchlistnews.com/stock-traders-buy-large-volume-of-peabody-energy-put-options-btu/1787968.html.
Peabody Energy Company Profile
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.
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 Analyst Ratings Network's FREE daily email newsletter.