Peabody Energy Sees Unusually High Options Volume (BTU)

Peabody Energy Corporation (NYSE:BTU) was the target of unusually large options trading on Tuesday. Investors acquired 4,106 put options on the stock. This represents an increase of 2,119% compared to the average daily volume of 185 put options.

A number of research analysts have recently weighed in on the company. FBR & Co raised their target price on Peabody Energy from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Macquarie started coverage on Peabody Energy in a research report on Thursday, September 7th. They issued a “neutral” rating and a $30.00 price target for the company. Stifel Nicolaus restated a “hold” rating and set a $32.00 target price on shares of Peabody Energy in a research report on Sunday, September 10th. ValuEngine downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Zacks Investment Research raised shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Wednesday, October 25th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $35.44.

Shares of Peabody Energy (NYSE BTU) opened at $33.31 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.75 and a quick ratio of 1.47. Peabody Energy has a fifty-two week low of $22.58 and a fifty-two week high of $33.95.

Peabody Energy (NYSE:BTU) last released its earnings results on Wednesday, October 25th. The coal producer reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.14. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Peabody Energy had a net margin of 4.60% and a return on equity of 19.92%. The business’s revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the business earned ($7.53) EPS. equities research analysts expect that Peabody Energy will post 9.62 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of BTU. Discovery Capital Management LLC CT bought a new position in shares of Peabody Energy during the second quarter worth about $535,982,000. Elliott Management Corp acquired a new stake in Peabody Energy in the 2nd quarter valued at about $518,196,000. PointState Capital LP acquired a new stake in Peabody Energy in the 2nd quarter valued at about $148,105,000. Vanguard Group Inc. acquired a new stake in Peabody Energy in the 2nd quarter valued at about $142,007,000. Finally, BlackRock Inc. acquired a new stake in Peabody Energy in the 2nd quarter valued at about $91,395,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

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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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