Peabody Energy Corporation (NYSE:BTU) had its price objective boosted by FBR & Co from $31.00 to $32.00 in a research report issued on Wednesday, July 12th, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the coal producer’s stock. FBR & Co’s target price suggests a potential upside of 11.27% from the stock’s current price. FBR & Co also issued estimates for Peabody Energy Corporation’s Q2 2017 earnings at $1.07 EPS, Q3 2017 earnings at $1.18 EPS, Q4 2017 earnings at $0.96 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.39 EPS, FY2018 earnings at $1.46 EPS, Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.22 EPS and FY2019 earnings at $0.97 EPS.
BTU has been the topic of several other research reports. Clarkson Capital restated a “buy” rating and issued a $44.00 target price on shares of Peabody Energy Corporation in a research note on Sunday, April 2nd. Seaport Global Securities assumed coverage on Peabody Energy Corporation in a research report on Friday, April 7th. They set a “neutral” rating on the stock. Zacks Investment Research lowered Peabody Energy Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Stifel Nicolaus assumed coverage on Peabody Energy Corporation in a research report on Wednesday, April 5th. They set a “hold” rating and a $29.00 price target on the stock. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $35.00 price target on shares of Peabody Energy Corporation in a research report on Wednesday, April 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Peabody Energy Corporation has an average rating of “Buy” and a consensus target price of $35.57.
Shares of Peabody Energy Corporation (NYSE:BTU) traded down 0.86% during midday trading on Wednesday, hitting $28.76. 764,749 shares of the stock were exchanged. The stock’s market cap is $2.78 billion. Peabody Energy Corporation has a one year low of $8.75 and a one year high of $32.50. The stock’s 50-day moving average price is $25.03 and its 200 day moving average price is $25.06.
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 Thomson Reuters’ consensus estimate of $0.89 by $1.07. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. The company’s revenue was up 21.0% on a year-over-year basis. On average, analysts anticipate 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 Associates L.P. Elliott acquired 24,045 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was acquired at an average cost of $23.49 per share, for a total transaction of $564,817.05. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Glenn L. Kellow acquired 8,520 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were acquired at an average price of $23.49 per share, with a total value of $200,134.80. Following the completion of the transaction, the insider now owns 689,410 shares in the company, valued at $16,194,240.90. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 331,939 shares of company stock valued at $8,130,854.
A number of institutional investors have recently modified their holdings of the company. TD Asset Management Inc. purchased a new position in shares of Peabody Energy Corporation during the second quarter worth about $11,766,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Peabody Energy Corporation during the second quarter valued at $9,104,000. Phoenix Investment Adviser LLC bought a new stake in shares of Peabody Energy Corporation during the second quarter valued at $6,463,000. Bank of New York Mellon Corp bought a new stake in shares of Peabody Energy Corporation during the second quarter valued at $5,434,000. Finally, Dupont Capital Management Corp bought a new stake in shares of Peabody Energy Corporation during the second quarter valued at $5,148,000. 0.63% of the stock is 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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