Peabody Energy Short Interest Up 20.6% in July (BTU)
Shares of Peabody Energy (NYSE:BTU) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 33,788,140 shares, a growth of 20.6% from the June 30th total of 28,016,005 shares, American Banking & Market News reports. Based on an average trading volume of 5,833,603 shares, the days-to-cover ratio is currently 5.8 days. Currently, 12.5% of the shares of the stock are short sold.
A number of analysts have recently weighed in on BTU shares. Analysts at Nomura cut their price target on shares of Peabody Energy from $16.00 to $13.00 in a research note on Wednesday, July 23rd. They now have a “neutral” rating on the stock. Separately, analysts at FBR Capital Markets cut their price target on shares of Peabody Energy from $21.00 to $20.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Peabody Energy in a research note on Wednesday, July 23rd. They now have a $16.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.71.
Peabody Energy (NYSE:BTU) opened at 15.44 on Thursday. Peabody Energy has a one year low of $14.85 and a one year high of $21.28. The stock has a 50-day moving average of $16.04 and a 200-day moving average of $16.85. The company’s market cap is $4.138 billion.
Peabody Energy (NYSE:BTU) last released its earnings data on Tuesday, July 22nd. The company reported ($0.28) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.28). The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company posted $0.33 earnings per share. Peabody Energy’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Peabody Energy will post $-1.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Friday, August 8th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, August 6th.
Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.
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