Peabody Energy Short Interest Up 14.6% in April (BTU)
Shares of Peabody Energy (NYSE:BTU) were the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 26,810,594 shares, an increase of 14.6% from the April 15th total of 23,405,136 shares, Stock Ratings Network reports. Currently, 9.9% of the company’s stock are sold short. Based on an average daily trading volume, of 11,330,057 shares, the days-to-cover ratio is currently 2.4 days.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley upgraded shares of Peabody Energy from an “equal weight” rating to an “overweight” rating in a research note on Monday, May 12th. They now have a $30.00 price target on the stock, up previously from $20.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Peabody Energy in a research note on Friday, May 9th. They now have a $19.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Peabody Energy from $20.00 to $21.00 in a research note on Monday, April 28th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $23.20.
Peabody Energy (NYSE:BTU) opened at 18.03 on Wednesday. Peabody Energy has a 52-week low of $14.34 and a 52-week high of $21.81. The stock’s 50-day moving average is $17.92 and its 200-day moving average is $17.80. The company’s market cap is $4.892 billion.
Peabody Energy (NYSE:BTU) last released its earnings data on Thursday, April 24th. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.18. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. On average, analysts predict that Peabody Energy will post $-0.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 12th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Tuesday, May 20th.
Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.
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