Stifel Nicolaus reiterated their hold rating on shares of Peabody Energy Corporation (NYSE:BTU) in a research note published on Tuesday, August 8th. The firm currently has a $32.00 target price on the coal producer’s stock, up from their previous target price of $30.00.
Several other analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Peabody Energy Corporation from a sell rating to a hold rating in a report on Wednesday, July 26th. FBR & Co lifted their price objective on shares of Peabody Energy Corporation from $31.00 to $32.00 and gave the company an outperform rating in a report on Wednesday, July 12th. Clarkson Capital reiterated a buy rating on shares of Peabody Energy Corporation in a report on Thursday, June 22nd. MKM Partners assumed coverage on shares of Peabody Energy Corporation in a report on Thursday, April 27th. They issued a buy rating and a $53.00 price objective on the stock. Finally, J P Morgan Chase & Co reiterated an overweight rating and issued a $35.00 price objective on shares of Peabody Energy Corporation in a report on Wednesday, April 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Peabody Energy Corporation presently has a consensus rating of Buy and an average target price of $35.57.
Peabody Energy Corporation (NYSE BTU) traded down 2.61% on Tuesday, reaching $27.21. 4,177,195 shares of the company’s stock traded hands. The firm’s market cap is $2.73 billion. The stock’s 50 day moving average is $26.32 and its 200 day moving average is $25.38. Peabody Energy Corporation has a 52-week low of $22.58 and a 52-week high of $32.50.
Peabody Energy Corporation (NYSE:BTU) last announced its earnings results on Tuesday, August 1st. The coal producer reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.89 by $1.07. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, equities research analysts predict that Peabody Energy Corporation will post $5.56 EPS for the current fiscal year.
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In related news, major shareholder Associates L.P. Elliott acquired 9,428 shares of Peabody Energy Corporation stock in a transaction on Thursday, May 25th. The stock was purchased at an average cost of $23.40 per share, with a total value of $220,615.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Glenn L. Kellow acquired 8,520 shares of Peabody Energy Corporation stock in a transaction on Monday, May 22nd. The shares were bought at an average cost of $23.49 per share, with a total value of $200,134.80. Following the completion of the transaction, the insider now owns 689,410 shares of the company’s stock, valued at $16,194,240.90. The disclosure for this purchase can be found here. Insiders purchased 41,993 shares of company stock valued at $985,567 over the last three months. 1.27% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC bought a new position in Peabody Energy Corporation during the second quarter worth approximately $611,000. Glendon Capital Management LP acquired a new stake in shares of Peabody Energy Corporation during the second quarter worth about $2,431,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Peabody Energy Corporation during the second quarter worth about $105,000. Alta Fundamental Advisers LLC bought a new position in Peabody Energy Corporation during the second quarter worth approximately $398,000. Finally, The Manufacturers Life Insurance Company bought a new position in Peabody Energy Corporation during the second quarter worth approximately $900,000. 1.91% of the stock is owned by hedge funds and other institutional investors.
Peabody Energy Corporation 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.
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