Peabody Energy (NYSE:BTU) PT Lowered to $32.00

Peabody Energy (NYSE:BTU) had its price target decreased by analysts at B. Riley from $34.00 to $32.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the coal producer’s stock. B. Riley’s target price points to a potential upside of 32.89% from the company’s previous close.

Separately, Benchmark reiterated a “buy” rating and issued a $28.00 price objective on shares of Peabody Energy in a report on Friday, April 12th.

Peabody Energy Stock Performance

Shares of Peabody Energy stock opened at $24.08 on Monday. Peabody Energy has a 52 week low of $17.71 and a 52 week high of $27.70. The business’s fifty day simple moving average is $24.59 and its 200-day simple moving average is $24.53. The firm has a market cap of $3.07 billion, a PE ratio of 4.84 and a beta of 0.98. The company has a quick ratio of 1.70, a current ratio of 2.06 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Thursday, February 8th. The coal producer reported $1.33 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.08). Peabody Energy had a net margin of 15.36% and a return on equity of 21.45%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company earned $2.65 EPS. The business’s revenue for the quarter was down 24.1% on a year-over-year basis. Equities analysts forecast that Peabody Energy will post 3.66 earnings per share for the current year.

Insiders Place Their Bets

In other Peabody Energy news, COO Darren Ronald Yeates sold 31,980 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.48, for a total transaction of $814,850.40. Following the sale, the chief operating officer now owns 78,307 shares in the company, valued at approximately $1,995,262.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Mark Spurbeck sold 6,826 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $24.57, for a total value of $167,714.82. Following the transaction, the chief financial officer now owns 75,464 shares in the company, valued at approximately $1,854,150.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Darren Ronald Yeates sold 31,980 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.48, for a total value of $814,850.40. Following the completion of the transaction, the chief operating officer now owns 78,307 shares in the company, valued at approximately $1,995,262.36. The disclosure for this sale can be found here. Insiders have sold a total of 52,806 shares of company stock worth $1,339,565 in the last quarter. 0.40% of the stock is owned by company insiders.

Institutional Trading of Peabody Energy

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Peabody Energy by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 11,337,844 shares of the coal producer’s stock worth $281,406,000 after acquiring an additional 397,931 shares during the period. BlackRock Inc. lifted its position in Peabody Energy by 5.3% during the 2nd quarter. BlackRock Inc. now owns 8,371,250 shares of the coal producer’s stock worth $181,321,000 after acquiring an additional 420,514 shares during the period. Dimensional Fund Advisors LP lifted its position in Peabody Energy by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,147,834 shares of the coal producer’s stock worth $173,838,000 after acquiring an additional 273,768 shares during the period. Boston Partners lifted its position in Peabody Energy by 7.0% during the 4th quarter. Boston Partners now owns 6,729,856 shares of the coal producer’s stock worth $163,968,000 after acquiring an additional 437,585 shares during the period. Finally, State Street Corp raised its stake in shares of Peabody Energy by 11.7% during the 1st quarter. State Street Corp now owns 6,215,026 shares of the coal producer’s stock worth $159,105,000 after buying an additional 649,904 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Peabody Energy Company Profile

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.