Peabody Energy Corporation (BTU) Earning Favorable News Coverage, Analysis Finds
Media stories about Peabody Energy Corporation (NYSE:BTU) have been trending positive on Friday, according to Alpha One Sentiment. Alpha One, a subsidiary of Accern, rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Peabody Energy Corporation earned a news impact score of 0.26 on Alpha One’s scale. Alpha One also assigned news stories about the coal producer an impact score of 83 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Alpha One’s analysis:
- [$$] PeabodyEnergy Fights Lawsuit Over Protesters’ Arrest (finance.yahoo.com)
- Peabody Energy Corporation (BTU) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- Peabody Energy Corp. (BTU) Price Above The Cloud: Shows Positive Momentum – Evergreen Caller (evergreencaller.com)
- Peabody Energy Corporation (BTU): Bidding War Has Broken Out For Rio Tinto’s Thermal Coal – Smаrt Stоck Nеws (smartstocknews.com)
- Peabody Energy Corp. breached its 50 day moving average in a Bearish Manner : BTU-US : June 16, 2017 (finance.yahoo.com)
Several research firms have recently weighed in on BTU. Seaport Global Securities began coverage on Peabody Energy Corporation in a report on Friday, April 7th. They issued a “neutral” rating for the company. Stifel Nicolaus decreased their price objective on Peabody Energy Corporation from $29.00 to $27.00 and set a “hold” rating for the company in a report on Friday, May 19th. FBR & Co reissued an “outperform” rating and issued a $34.00 price objective (up from $33.00) on shares of Peabody Energy Corporation in a report on Tuesday, April 18th. Clarkson Capital reissued a “buy” rating and issued a $44.00 price objective on shares of Peabody Energy Corporation in a report on Sunday, April 2nd. Finally, MKM Partners initiated coverage on Peabody Energy Corporation in a report on Thursday, April 27th. They issued a “buy” rating and a $53.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $35.14.
Peabody Energy Corporation (NYSE:BTU) traded down 2.66% during midday trading on Friday, hitting $23.46. The stock had a trading volume of 9,049,883 shares. The stock has a 50-day moving average price of $24.38 and a 200 day moving average price of $25.06. Peabody Energy Corporation has a one year low of $22.59 and a one year high of $32.50. The firm’s market cap is $2.28 billion.
Peabody Energy Corporation (NYSE:BTU) last released its quarterly earnings data on Thursday, May 4th. The coal producer reported $6.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.97 by $4.83. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the firm earned ($8.85) EPS. The company’s revenue for the quarter was up 29.1% compared to the same quarter last year. On average, analysts predict that Peabody Energy Corporation will post $6.27 earnings per share for the current year.
In other Peabody Energy Corporation news, insider Glenn L. Kellow purchased 8,520 shares of Peabody Energy Corporation stock in a transaction on Monday, May 22nd. The stock was bought at an average price of $23.49 per share, for a total transaction of $200,134.80. Following the transaction, the insider now owns 689,410 shares of the company’s stock, valued at approximately $16,194,240.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Associates L.P. Elliott purchased 262,071 shares of Peabody Energy Corporation stock in a transaction on Wednesday, April 19th. The shares were acquired at an average price of $24.30 per share, with a total value of $6,368,325.30. Following the transaction, the insider now directly owns 1,477,659 shares in the company, valued at approximately $35,907,113.70. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,638,616 shares of company stock valued at $65,416,878 in the last 90 days. Insiders own 1.27% 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.
Receive News & Stock Ratings for Peabody Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peabody Energy Corporation and related stocks with our FREE daily email newsletter.