Peabody Energy Co. (BTU) Given New $27.00 Price Target at Stifel Nicolaus
Peabody Energy Co. (NYSE:BTU) had its target price dropped by equities researchers at Stifel Nicolaus from $29.00 to $27.00 in a report released on Friday. The brokerage currently has a “hold” rating on the coal producer’s stock. Stifel Nicolaus’ target price indicates a potential upside of 15.88% from the company’s current price.
A number of other analysts have also issued reports on the company. Clarkson Capital reaffirmed a “buy” rating and set a $44.00 target price on shares of Peabody Energy in a research report on Sunday, April 2nd. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $35.00 price target on shares of Peabody Energy in a research note on Wednesday, April 26th. FBR & Co began coverage on Peabody Energy in a research note on Thursday, March 30th. They issued an “outperform” rating for the company. MKM Partners began coverage on Peabody Energy in a research note on Thursday, April 27th. They issued a “buy” rating and a $53.00 price target for the company. Finally, Seaport Global Securities began coverage on Peabody Energy in a research note on Friday, April 7th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Peabody Energy currently has a consensus rating of “Buy” and an average price target of $35.14.
Peabody Energy (NYSE:BTU) traded down 0.68% on Friday, hitting $23.30. The stock had a trading volume of 736,662 shares. Peabody Energy has a one year low of $22.61 and a one year high of $32.50. The company’s 50-day moving average is $25.53 and its 200-day moving average is $25.53. The stock’s market cap is $2.26 billion.
Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, May 4th. The coal producer reported $6.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.97 by $4.83. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the firm posted ($8.85) earnings per share. The firm’s revenue was up 29.1% compared to the same quarter last year. On average, analysts anticipate that Peabody Energy will post $4.04 earnings per share for the current fiscal year.
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In other news, major shareholder International L.P. Elliott purchased 327,056 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The stock was acquired at an average cost of $26.34 per share, for a total transaction of $8,614,655.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Associates L.P. Elliott purchased 149,017 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average price of $24.94 per share, with a total value of $3,716,483.98. The disclosure for this purchase can be found here. Insiders purchased 2,596,623 shares of company stock valued at $64,431,311 over the last quarter.
Peabody Energy Company Profile
Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.
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