Stifel Nicolaus Analysts Give Peabody Energy Corporation (BTU) a $32.00 Price Target
BTU has been the subject of several other research reports. Seaport Global Securities began coverage on shares of Peabody Energy Corporation in a research report on Friday, April 7th. They issued a neutral rating for the company. Zacks Investment Research upgraded shares of Peabody Energy Corporation from a sell rating to a hold rating in a research report on Wednesday, July 26th. Clarkson Capital reiterated a buy rating on shares of Peabody Energy Corporation in a research report on Thursday, June 22nd. J P Morgan Chase & Co reiterated an overweight rating and issued a $35.00 target price on shares of Peabody Energy Corporation in a research report on Wednesday, April 26th. Finally, FBR & Co reiterated a buy rating on shares of Peabody Energy Corporation in a research report on Sunday, May 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $35.57.
Shares of Peabody Energy Corporation (BTU) opened at 28.22 on Wednesday. The stock’s 50 day moving average is $24.67 and its 200-day moving average is $24.92. Peabody Energy Corporation has a 52-week low of $22.58 and a 52-week high of $32.50. The firm’s market capitalization is $2.73 billion.
Peabody Energy Corporation (NYSE:BTU) last issued its quarterly earnings results on Tuesday, August 1st. The coal producer reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by $1.07. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Peabody Energy Corporation’s quarterly revenue was up 21.0% on a year-over-year basis. On average, equities analysts forecast that Peabody Energy Corporation will post $5.56 earnings per share for the current fiscal year.
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In related news, insider Glenn L. Kellow bought 8,520 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was bought at an average price of $23.49 per share, for a total transaction of $200,134.80. Following the transaction, the insider now directly owns 689,410 shares in the company, valued at $16,194,240.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Associates L.P. Elliott bought 24,045 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was bought at an average price of $23.49 per share, with a total value of $564,817.05. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 331,939 shares of company stock valued at $8,130,854. Insiders own 1.27% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA bought a new stake in Peabody Energy Corporation during the second quarter worth about $162,000. Pacific Heights Asset Management LLC bought a new stake in Peabody Energy Corporation during the second quarter worth about $295,000. Legal & General Group Plc bought a new stake in Peabody Energy Corporation during the second quarter worth about $310,000. First Midwest Bank Trust Division bought a new stake in Peabody Energy Corporation during the second quarter worth about $562,000. Finally, Parkwood LLC acquired a new position in Peabody Energy Corporation during the second quarter worth $594,000. Institutional investors own 0.07% of the company’s stock.
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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