Peabody Energy (BTU) Given New $37.00 Price Target at B. Riley

Peabody Energy (NYSE:BTU) had its target price lowered by B. Riley to $37.00 in a research note issued to investors on Friday morning, The Fly reports. The brokerage currently has a buy rating on the coal producer’s stock. B. Riley also issued estimates for Peabody Energy’s FY2021 earnings at $2.00 EPS.

A number of other analysts have also recently weighed in on the stock. Clarkson Capital cut shares of Peabody Energy from a buy rating to a neutral rating in a report on Friday, November 16th. Zacks Investment Research upgraded shares of Peabody Energy from a sell rating to a hold rating in a report on Thursday, January 3rd. ValuEngine lowered shares of Peabody Energy from a sell rating to a strong sell rating in a research report on Thursday, November 1st. Finally, MKM Partners set a $44.00 target price on shares of Peabody Energy and gave the stock a buy rating in a report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Peabody Energy has an average rating of Buy and a consensus target price of $42.17.

NYSE BTU opened at $29.64 on Friday. Peabody Energy has a 1-year low of $29.08 and a 1-year high of $47.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.85 and a quick ratio of 1.58. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 9.41 and a beta of 0.77.

Peabody Energy (NYSE:BTU) last announced its earnings results on Wednesday, February 6th. The coal producer reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.20. Peabody Energy had a return on equity of 14.57% and a net margin of 11.73%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the firm earned $2.47 earnings per share. The business’s revenue was down 7.9% compared to the same quarter last year. As a group, research analysts forecast that Peabody Energy will post 2.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 20th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Tuesday, February 19th. Peabody Energy’s dividend payout ratio is presently 16.51%.

A number of large investors have recently bought and sold shares of BTU. Smith Asset Management Group LP acquired a new stake in shares of Peabody Energy in the fourth quarter valued at approximately $33,000. Trilogy Capital Inc. bought a new position in Peabody Energy during the 3rd quarter valued at about $156,000. Cim Investment Mangement Inc. acquired a new stake in shares of Peabody Energy during the 3rd quarter worth approximately $203,000. Advisors Asset Management Inc. boosted its holdings in shares of Peabody Energy by 9.4% in the fourth quarter. Advisors Asset Management Inc. now owns 7,282 shares of the coal producer’s stock valued at $222,000 after buying an additional 627 shares during the period. Finally, GWM Advisors LLC bought a new stake in shares of Peabody Energy in the third quarter worth $229,000. 99.16% of the stock is owned by institutional investors.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

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