Shares of Peabody Energy Corporation (NYSE:BTU) have been given an average rating of “Buy” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $31.67.
Several brokerages have recently issued reports on BTU. Zacks Investment Research cut Peabody Energy Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 27th. Stifel Nicolaus set a $32.00 price objective on Peabody Energy Corporation and gave the company a “hold” rating in a research note on Wednesday, August 2nd. FBR & Co reiterated a “buy” rating on shares of Peabody Energy Corporation in a research note on Sunday, May 7th. MKM Partners reiterated a “buy” rating and issued a $38.00 price objective (up from $32.00) on shares of Peabody Energy Corporation in a research note on Thursday, August 24th. Finally, Clarkson Capital reiterated a “buy” rating on shares of Peabody Energy Corporation in a research note on Thursday, June 22nd.
Shares of Peabody Energy Corporation (BTU) traded up 3.79% on Wednesday, hitting $30.10. The stock had a trading volume of 1,048,925 shares. The stock has a 50 day moving average of $28.02 and a 200 day moving average of $25.66. The firm’s market cap is $3.02 billion. Peabody Energy Corporation has a 12-month low of $8.75 and a 12-month high of $32.50.
Peabody Energy Corporation (NYSE:BTU) last announced its quarterly earnings data on Tuesday, August 1st. The coal producer reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $1.07. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. The business’s revenue was up 21.0% compared to the same quarter last year. Equities analysts predict that Peabody Energy Corporation will post $5.56 earnings per share for the current fiscal year.
In other Peabody Energy Corporation news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $27.10, for a total value of $346,880,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.27% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of BTU. Pacific Heights Asset Management LLC acquired a new stake in Peabody Energy Corporation during the second quarter worth $295,000. First Midwest Bank Trust Division acquired a new stake in Peabody Energy Corporation during the second quarter worth $562,000. Parkwood LLC acquired a new stake in Peabody Energy Corporation during the second quarter worth $594,000. Strs Ohio acquired a new stake in Peabody Energy Corporation during the second quarter worth $933,000. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new stake in Peabody Energy Corporation during the second quarter worth $748,000. Institutional investors own 96.74% of the company’s stock.
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About Peabody Energy Corporation
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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