Peabody Energy’s (BTU) Buy Rating Reaffirmed at Seaport Global Securities

Peabody Energy (NYSE:BTU)‘s stock had its “buy” rating reissued by investment analysts at Seaport Global Securities in a research report issued on Monday. They currently have a $48.00 price objective on the coal producer’s stock. Seaport Global Securities’ price target would suggest a potential upside of 20.03% from the company’s current price.

BTU has been the subject of several other reports. FBR & Co raised their target price on Peabody Energy from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research raised Peabody Energy from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Monday, December 4th. ValuEngine cut Peabody Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Jefferies Group assumed coverage on Peabody Energy in a research report on Tuesday, November 14th. They issued a “buy” rating and a $38.00 target price for the company. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $40.22.

Shares of Peabody Energy (BTU) traded up $0.20 during mid-day trading on Monday, reaching $39.99. The company had a trading volume of 1,032,500 shares, compared to its average volume of 964,638. Peabody Energy has a 52-week low of $22.58 and a 52-week high of $40.92. 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 (NYSE:BTU) last issued its earnings results on Wednesday, October 25th. The coal producer reported $1.49 EPS for the quarter, topping the consensus estimate of $1.35 by $0.14. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Peabody Energy had a return on equity of 19.92% and a net margin of 4.60%. Peabody Energy’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the business earned ($7.53) earnings per share. sell-side analysts predict that Peabody Energy will post 9.62 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Mangrove Partners raised its stake in Peabody Energy by 35.3% during the third quarter. Mangrove Partners now owns 957,801 shares of the coal producer’s stock worth $27,786,000 after acquiring an additional 250,000 shares in the last quarter. TIAA CREF Investment Management LLC acquired a new position in Peabody Energy during the second quarter worth $6,654,000. York Capital Management Global Advisors LLC acquired a new position in Peabody Energy during the second quarter worth $5,863,000. JPMorgan Chase & Co. acquired a new position in Peabody Energy during the second quarter worth $3,527,000. Finally, Elliott Management Corp acquired a new position in Peabody Energy during the second quarter worth $518,196,000. Hedge funds and other institutional investors own 93.97% of the company’s stock.

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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.

Analyst Recommendations for Peabody Energy (NYSE:BTU)

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