Peabody Energy (BTU) Trading Down 6.7%

Peabody Energy Co. (NYSE:BTU) shares traded down 6.7% on Thursday . The company traded as low as $37.58 and last traded at $37.61. 1,977,756 shares were traded during trading, an increase of 85% from the average session volume of 1,067,795 shares. The stock had previously closed at $40.31.

A number of research analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating on shares of Peabody Energy in a report on Wednesday, November 1st. ValuEngine lowered Peabody Energy from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. FBR & Co reaffirmed a “buy” rating and set a $37.00 target price (up previously from $36.00) on shares of Peabody Energy in a report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $43.00 target price on shares of Peabody Energy in a report on Tuesday, January 16th. Finally, Zacks Investment Research raised Peabody Energy from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Wednesday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $41.20.

The stock has a market capitalization of $3,930.25 and a PE ratio of 3.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.47 and a current ratio of 1.76.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Wednesday, February 7th. The coal producer reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.19. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. Peabody Energy had a return on equity of 32.83% and a net margin of 14.41%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted ($10.53) EPS. research analysts predict that Peabody Energy Co. will post 3.31 earnings per share for the current year.

The firm also recently declared a Not Available dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 19th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a dividend yield of 0.00296468161897396%.

Institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in shares of Peabody Energy during the 2nd quarter valued at about $105,000. SG Americas Securities LLC bought a new stake in shares of Peabody Energy during the 4th quarter valued at about $110,000. New York State Teachers Retirement System bought a new stake in shares of Peabody Energy during the 3rd quarter valued at about $125,000. Meeder Asset Management Inc. boosted its position in shares of Peabody Energy by 147.2% during the 4th quarter. Meeder Asset Management Inc. now owns 3,624 shares of the coal producer’s stock valued at $142,000 after acquiring an additional 2,158 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Peabody Energy during the 4th quarter valued at about $179,000. Hedge funds and other institutional investors own 94.20% of the company’s stock.

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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.

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