Peabody Energy Corporation (BTU) Earns “Hold” Rating from Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Peabody Energy Corporation (NYSE:BTU) in a report released on Sunday morning. Stifel Nicolaus currently has a $32.00 price objective on the coal producer’s stock.

A number of other equities analysts also recently weighed in on BTU. Macquarie assumed coverage on shares of Peabody Energy Corporation in a research note on Thursday, September 7th. They issued a neutral rating and a $30.00 target price for the company. MKM Partners reaffirmed a buy rating and issued a $38.00 target price (up from $32.00) on shares of Peabody Energy Corporation in a research note on Thursday, August 24th. Zacks Investment Research raised shares of Peabody Energy Corporation from a sell rating to a hold rating in a research note on Wednesday, July 26th. Clarkson Capital reaffirmed a buy rating on shares of Peabody Energy Corporation in a research note on Thursday, June 22nd. Finally, FBR & Co boosted their target price on shares of Peabody Energy Corporation from $31.00 to $32.00 and gave the stock an outperform rating in a research note on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $33.38.

Peabody Energy Corporation (NYSE BTU) opened at 29.79 on Friday. The company’s market capitalization is $2.99 billion. The stock has a 50 day moving average of $28.45 and a 200 day moving average of $25.84. Peabody Energy Corporation has a 12-month low of $22.58 and a 12-month high of $32.50.

Peabody Energy Corporation (NYSE:BTU) last announced its earnings results on Tuesday, August 1st. The coal producer reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($1.07). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. The firm’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 year.

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In related news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $27.10, for a total transaction of $346,880,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new stake in shares of Peabody Energy Corporation during the second quarter worth approximately $105,000. FNY Partners Fund LP bought a new stake in shares of Peabody Energy Corporation during the second quarter worth approximately $146,000. BNP Paribas Arbitrage SA bought a new stake in shares of Peabody Energy Corporation during the second quarter worth approximately $162,000. Pacific Heights Asset Management LLC bought a new stake in shares of Peabody Energy Corporation during the second quarter worth approximately $295,000. Finally, Martingale Asset Management L P bought a new stake in shares of Peabody Energy Corporation during the second quarter worth approximately $301,000. 97.98% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Peabody Energy Corporation (NYSE:BTU)

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