Peabody Energy Corporation (BTU) Given Hold Rating at Stifel Nicolaus
Peabody Energy Corporation (NYSE:BTU)‘s stock had its “hold” rating reaffirmed by analysts at Stifel Nicolaus in a research note issued to investors on Sunday. They presently have a $32.00 price objective on the coal producer’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 9.25% from the stock’s current price.
BTU has been the topic of a number of other research reports. Zacks Investment Research upgraded Peabody Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Clarkson Capital reiterated a “buy” rating on shares of Peabody Energy Corporation in a report on Thursday, June 22nd. Macquarie started coverage on Peabody Energy Corporation in a report on Thursday. They set a “neutral” rating and a $30.00 target price on the stock. MKM Partners reiterated a “buy” rating and set a $38.00 target price (up previously from $32.00) on shares of Peabody Energy Corporation in a report on Thursday, August 24th. Finally, FBR & Co increased their target price on Peabody Energy Corporation from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Peabody Energy Corporation currently has a consensus rating of “Buy” and a consensus target price of $33.00.
Peabody Energy Corporation (NYSE BTU) opened at 29.29 on Friday. The stock’s market cap is $2.94 billion. Peabody Energy Corporation has a 12 month low of $8.75 and a 12 month high of $32.50. The company’s 50-day moving average price is $28.37 and its 200-day moving average price is $25.81.
Peabody Energy Corporation (NYSE:BTU) last released its quarterly earnings results on Tuesday, August 1st. The coal producer reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by $1.07. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. The business’s revenue was up 21.0% on a year-over-year basis. Equities analysts forecast that Peabody Energy Corporation will post $5.56 earnings per share for the current year.
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In other Peabody Energy Corporation news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $27.10, for a total transaction of $346,880,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.27% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Peabody Energy Corporation during the second quarter worth $105,000. FNY Partners Fund LP acquired a new stake in shares of Peabody Energy Corporation during the second quarter worth $146,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Peabody Energy Corporation during the second quarter worth $162,000. Pacific Heights Asset Management LLC acquired a new stake in shares of Peabody Energy Corporation during the second quarter worth $295,000. Finally, Martingale Asset Management L P acquired a new stake in shares of Peabody Energy Corporation during the second quarter worth $301,000. Institutional investors and hedge funds own 97.98% of the company’s stock.
About Peabody Energy Corporation
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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