Peabody Energy Corporation (BTU) Now Covered by Analysts at Macquarie
Research analysts at Macquarie began coverage on shares of Peabody Energy Corporation (NYSE:BTU) in a report released on Thursday, MarketBeat reports. The firm set a “neutral” rating and a $30.00 price target on the coal producer’s stock. Macquarie’s target price suggests a potential upside of 2.42% from the stock’s previous close.
BTU has been the subject of several other reports. Zacks Investment Research upgraded Peabody Energy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Clarkson Capital reiterated a “buy” rating on shares of Peabody Energy Corporation in a research report on Thursday, June 22nd. MKM Partners reiterated a “buy” rating and set a $38.00 price target (up from $32.00) on shares of Peabody Energy Corporation in a research report on Thursday, August 24th. FBR & Co lifted their price target on Peabody Energy Corporation from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $32.00 price objective (up from $30.00) on shares of Peabody Energy Corporation in a research report on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $33.00.
Shares of Peabody Energy Corporation (NYSE BTU) opened at 29.29 on Thursday. The company has a 50-day moving average of $28.37 and a 200 day moving average of $25.81. Peabody Energy Corporation has a 12-month low of $8.75 and a 12-month high of $32.50. The stock’s market capitalization is $2.94 billion.
Peabody Energy Corporation (NYSE:BTU) last announced its quarterly earnings results on Tuesday, August 1st. The coal producer reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.89 by $1.07. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Peabody Energy Corporation’s revenue was up 21.0% compared to the same quarter last year. Analysts predict 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 business’s 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.27% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new position in shares of Peabody Energy Corporation in the 2nd quarter valued at $105,000. FNY Partners Fund LP acquired a new position in shares of Peabody Energy Corporation in the 2nd quarter valued at $146,000. BNP Paribas Arbitrage SA acquired a new position in shares of Peabody Energy Corporation in the 2nd quarter valued at $162,000. Pacific Heights Asset Management LLC acquired a new position in shares of Peabody Energy Corporation in the 2nd quarter valued at $295,000. Finally, Martingale Asset Management L P acquired a new position in shares of Peabody Energy Corporation in the 2nd quarter valued at $301,000. 97.98% of the stock is currently owned by institutional investors and hedge funds.
Peabody Energy Corporation 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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