Shares of Peabody Energy Corporation (NYSE:BTU) have been given a consensus recommendation of “Buy” by the eight research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $34.17.
A number of brokerages have issued reports on BTU. Zacks Investment Research cut Peabody Energy Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 27th. Stifel Nicolaus set a $32.00 target price on Peabody Energy Corporation and gave the stock a “hold” rating in a report on Wednesday, August 2nd. J P Morgan Chase & Co restated an “overweight” rating and set a $35.00 target price on shares of Peabody Energy Corporation in a report on Wednesday, April 26th. Seaport Global Securities upgraded Peabody Energy Corporation from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Monday, April 24th. Finally, FBR & Co restated a “buy” rating on shares of Peabody Energy Corporation in a report on Sunday, May 7th.
In other Peabody Energy Corporation news, insider Glenn L. Kellow acquired 8,520 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were acquired at an average price of $23.49 per share, for a total transaction of $200,134.80. Following the acquisition, the insider now directly owns 689,410 shares of the company’s stock, valued at approximately $16,194,240.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Associates L.P. Elliott acquired 149,017 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were acquired at an average price of $24.94 per share, for a total transaction of $3,716,483.98. The disclosure for this purchase can be found here. Insiders have bought a total of 331,939 shares of company stock worth $8,130,854 in the last quarter.
Several institutional investors have recently added to or reduced their stakes in BTU. BNP Paribas Arbitrage SA bought a new stake in shares of Peabody Energy Corporation during the second quarter valued at approximately $162,000. Pacific Heights Asset Management LLC bought a new stake in shares of Peabody Energy Corporation during the second quarter valued at approximately $295,000. Legal & General Group Plc bought a new stake in shares of Peabody Energy Corporation during the second quarter valued at approximately $310,000. First Midwest Bank Trust Division bought a new stake in shares of Peabody Energy Corporation during the second quarter valued at approximately $562,000. Finally, Parkwood LLC bought a new stake in shares of Peabody Energy Corporation during the second quarter valued at approximately $594,000. Institutional investors and hedge funds own 0.63% of the company’s stock.
Peabody Energy Corporation (BTU) traded up 1.90% during mid-day trading on Friday, reaching $29.56. 205,027 shares of the company’s stock were exchanged. Peabody Energy Corporation has a 52 week low of $22.58 and a 52 week high of $32.50. The stock’s market cap is $2.86 billion. The stock has a 50-day moving average price of $24.67 and a 200-day moving average price of $24.92.
Peabody Energy Corporation (NYSE:BTU) last issued its earnings results on Tuesday, August 1st. The coal producer reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by $1.07. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. The company’s revenue was up 21.0% on a year-over-year basis. On average, analysts forecast that Peabody Energy Corporation will post $5.56 earnings per share for the current year.
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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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