Peabody Energy Sees Large Increase in Short Interest (BTU)
Peabody Energy (NYSE:BTU) was the recipient of a large growth in short interest during the month of June. As of June 13th, there was short interest totalling 29,425,949 shares, a growth of 15.9% from the May 30th total of 25,391,576 shares, AnalystRatingsNetwork.com reports. Approximately 10.9% of the shares of the company are short sold. Based on an average daily trading volume, of 6,958,522 shares, the short-interest ratio is presently 4.2 days.
A number of analysts have recently weighed in on BTU shares. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Peabody Energy in a research note on Monday, June 30th. They now have a $20.00 price target on the stock, down previously from $23.00. Separately, analysts at Goldman Sachs downgraded shares of Peabody Energy from a “buy” rating to a “neutral” rating in a research note on Friday, June 6th. They now have a $16.00 price target on the stock, down previously from $21.00. Finally, analysts at Jefferies Group cut their price target on shares of Peabody Energy from $21.00 to $20.00 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.92.
Shares of Peabody Energy (NYSE:BTU) opened at 16.61 on Monday. Peabody Energy has a one year low of $14.34 and a one year high of $21.28. The stock has a 50-day moving average of $16.83 and a 200-day moving average of $17.23. The company’s market cap is $4.507 billion.
Peabody Energy (NYSE:BTU) last issued its quarterly 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 $-0.71 earnings per share for the current fiscal year.
Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.
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