Peabody Energy Corporation (NYSE:BTU) Receives $27.00 Average PT from Analysts

Shares of Peabody Energy Corporation (NYSE:BTU) have received an average rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $27.00.

Several equities analysts recently weighed in on BTU shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Peabody Energy in a research report on Monday, December 1st. Wall Street Zen downgraded shares of Peabody Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. B. Riley increased their price target on shares of Peabody Energy from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Benchmark lifted their price target on shares of Peabody Energy from $23.00 to $32.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Zacks Research downgraded Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BTU. Allworth Financial LP boosted its holdings in shares of Peabody Energy by 232.9% in the 3rd quarter. Allworth Financial LP now owns 8,222 shares of the coal producer’s stock valued at $218,000 after buying an additional 5,752 shares during the period. CIBC Bancorp USA Inc. bought a new stake in Peabody Energy in the third quarter valued at $346,000. NewEdge Advisors LLC increased its holdings in shares of Peabody Energy by 3.2% in the 3rd quarter. NewEdge Advisors LLC now owns 40,164 shares of the coal producer’s stock worth $1,065,000 after acquiring an additional 1,228 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Peabody Energy by 1.2% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 97,286 shares of the coal producer’s stock worth $2,611,000 after acquiring an additional 1,114 shares during the period. Finally, Wexford Capital LP acquired a new position in Peabody Energy during the 3rd quarter valued at about $159,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Peabody Energy Price Performance

NYSE:BTU opened at $29.12 on Friday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of -100.41 and a beta of 0.57. Peabody Energy has a 12-month low of $9.61 and a 12-month high of $35.99. The company has a current ratio of 1.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average is $29.21 and its two-hundred day moving average is $20.83.

Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, October 30th. The coal producer reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.39). Peabody Energy had a negative return on equity of 0.25% and a negative net margin of 0.83%.The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $990.20 million. During the same quarter last year, the business posted $0.74 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. Research analysts expect that Peabody Energy will post 2.61 EPS for the current year.

Peabody Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Thursday, November 13th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, November 13th. Peabody Energy’s payout ratio is currently -103.45%.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.