Peabody Energy Co. (NYSE:BTU) dropped 6.3% during mid-day trading on Monday . The stock traded as low as $8.88 and last traded at $9.07, approximately 1,936,190 shares changed hands during trading. An increase of 102% from the average daily volume of 960,751 shares. The stock had previously closed at $9.68.

BTU has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Peabody Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lowered shares of Peabody Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from $27.00 to $18.00 in a research note on Tuesday, August 6th. TheStreet lowered shares of Peabody Energy from a “c-” rating to a “d+” rating in a research note on Thursday, August 15th. Deutsche Bank dropped their price objective on shares of Peabody Energy from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, B. Riley lowered shares of Peabody Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $26.00 to $12.00 in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Peabody Energy presently has a consensus rating of “Hold” and a consensus target price of $27.00.

The stock has a market capitalization of $1.04 billion, a P/E ratio of 2.88 and a beta of 0.73. The company has a current ratio of 1.74, a quick ratio of 1.41 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average price is $11.82 and its two-hundred day moving average price is $18.37.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Tuesday, October 29th. The coal producer reported ($0.81) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.64). The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. Peabody Energy had a return on equity of 6.72% and a net margin of 6.92%. The company’s revenue was down 21.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share. As a group, analysts expect that Peabody Energy Co. will post 0.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Wednesday, October 30th were paid a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 6.39%. The ex-dividend date was Tuesday, October 29th. Peabody Energy’s payout ratio is 18.41%.

Several hedge funds and other institutional investors have recently modified their holdings of BTU. State Street Corp boosted its stake in Peabody Energy by 1.2% in the 3rd quarter. State Street Corp now owns 2,545,441 shares of the coal producer’s stock worth $37,469,000 after purchasing an additional 31,308 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Peabody Energy by 19.8% during the second quarter. Renaissance Technologies LLC now owns 2,485,145 shares of the coal producer’s stock worth $59,892,000 after purchasing an additional 411,200 shares during the last quarter. Northern Trust Corp lifted its position in shares of Peabody Energy by 1.3% during the second quarter. Northern Trust Corp now owns 1,504,916 shares of the coal producer’s stock worth $36,268,000 after purchasing an additional 19,124 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Peabody Energy during the second quarter worth $30,293,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Peabody Energy by 11.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 868,814 shares of the coal producer’s stock worth $20,939,000 after purchasing an additional 87,212 shares during the last quarter. 91.49% of the stock is currently owned by institutional investors.

About Peabody Energy (NYSE:BTU)

Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.

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