Peabody Energy Corporation (NYSE:BTU) Stock Has Average Target Price of $33.88

Shares of Peabody Energy Corporation (NYSE:BTU) have earned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $33.88.

BTU has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Peabody Energy in a research report on Friday, September 18th. UBS Group cut their price objective on Peabody Energy from $27.00 to $26.50 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Benchmark decreased their target price on Peabody Energy from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. B. Riley Financial lowered their target price on Peabody Energy from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, Zacks Research raised shares of Peabody Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th.

Institutional Trading of Peabody Energy

Institutional investors have recently modified their holdings of the company. X Square Capital LLC bought a new stake in Peabody Energy during the 2nd quarter worth about $2,470,000. Louisiana State Employees Retirement System bought a new position in shares of Peabody Energy in the 1st quarter valued at about $1,776,000. Wealth High Governance Capital Ltda acquired a new stake in shares of Peabody Energy during the 1st quarter worth approximately $3,463,000. Wealth High Governance Asset Management Ltda. bought a new stake in shares of Peabody Energy during the first quarter worth approximately $2,959,000. Finally, Susquehanna Advisors Group Inc. bought a new stake in shares of Peabody Energy during the second quarter worth approximately $1,081,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Peabody Energy Price Performance

NYSE BTU opened at $24.80 on Thursday. Peabody Energy has a 1 year low of $20.06 and a 1 year high of $41.14. The company has a fifty day simple moving average of $25.96 and a 200 day simple moving average of $26.78. The company has a current ratio of 2.01, a quick ratio of 1.46 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.02 billion, a P/E ratio of -16.54 and a beta of 0.33.

Peabody Energy (NYSE:BTU) last announced its earnings results on Wednesday, July 29th. The coal producer reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.36). The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. Peabody Energy had a negative return on equity of 5.22% and a negative net margin of 4.56%.The business’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.23) EPS. On average, sell-side analysts predict that Peabody Energy will post 0.33 EPS for the current year.

Peabody Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, August 12th were paid a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, August 12th. Peabody Energy’s payout ratio is currently -20.00%.

Peabody Energy Company Profile

Peabody Energy Corporation is a global coal producer and energy company headquartered in St. Louis, Missouri. The company mines, processes and sells thermal coal used primarily for electricity generation and metallurgical coal used in steelmaking.

Peabody operates mining assets in the United States and Australia and serves customers in domestic and international markets. Its products are sold to electric utilities, steel producers, industrial customers and other commercial buyers, with sales delivered through both seaborne and domestic channels.

Founded in 1883, Peabody has developed from a regional coal business into one of the world’s largest private-sector coal companies.