Peabody Energy Corporation (NYSE:BTU) – Investment analysts at Seaport Global Securities upped their Q3 2017 earnings estimates for Peabody Energy Corporation in a research report issued to clients and investors on Monday. Seaport Global Securities analyst M. Levin now forecasts that the coal producer will earn $1.52 per share for the quarter, up from their previous forecast of $1.22. Seaport Global Securities also issued estimates for Peabody Energy Corporation’s Q4 2017 earnings at $1.61 EPS and FY2017 earnings at $9.80 EPS.

Peabody Energy Corporation (NYSE:BTU) last released its quarterly earnings data 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 firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year.

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A number of other analysts also recently issued reports on the stock. FBR & Co raised their price objective on shares of Peabody Energy Corporation from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Peabody Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. MKM Partners restated a “buy” rating on shares of Peabody Energy Corporation in a report on Tuesday, September 12th. Stifel Nicolaus restated a “hold” rating and set a $32.00 price objective on shares of Peabody Energy Corporation in a report on Sunday, September 10th. Finally, Macquarie initiated coverage on shares of Peabody Energy Corporation in a report on Thursday, September 7th. They set a “neutral” rating and a $30.00 price objective for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $35.14.

Peabody Energy Corporation (NYSE:BTU) opened at 30.03 on Wednesday. The firm’s market capitalization is $3.01 billion. Peabody Energy Corporation has a 1-year low of $22.58 and a 1-year high of $32.50. The stock’s 50 day moving average is $29.48 and its 200 day moving average is $26.81.

In other news, major shareholder Discovery Capital Management, sold 12,800,000 shares of Peabody Energy Corporation stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $27.10, for a total value of $346,880,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Several hedge funds have recently added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its position in shares of Peabody Energy Corporation by 20.2% in the third quarter. Nationwide Fund Advisors now owns 44,007 shares of the coal producer’s stock valued at $1,277,000 after acquiring an additional 7,403 shares during the period. Quantitative Systematic Strategies LLC bought a new position in shares of Peabody Energy Corporation in the third quarter valued at approximately $399,000. Brookfield Asset Management Inc. bought a new position in shares of Peabody Energy Corporation in the second quarter valued at approximately $28,800,000. Verition Fund Management LLC bought a new position in shares of Peabody Energy Corporation in the second quarter valued at approximately $611,000. Finally, Glendon Capital Management LP bought a new position in shares of Peabody Energy Corporation in the second quarter valued at approximately $2,431,000. Institutional investors own 98.02% of the company’s stock.

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.

Earnings History and Estimates for Peabody Energy Corporation (NYSE:BTU)

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