Credit Suisse Group assumed coverage on shares of Peabody Energy (NYSE:BTU) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $42.00 price objective on the coal producer’s stock.
BTU has been the topic of several other reports. Zacks Investment Research upgraded Peabody Energy from a hold rating to a strong-buy rating and set a $41.00 price objective on the stock in a research report on Tuesday, February 5th. MKM Partners set a $44.00 target price on Peabody Energy and gave the company a buy rating in a report on Friday, February 8th. B. Riley dropped their target price on Peabody Energy to $37.00 and set a buy rating for the company in a report on Friday, February 8th. Clarkson Capital upgraded Peabody Energy from a neutral rating to a buy rating in a report on Wednesday, January 16th. Finally, BMO Capital Markets assumed coverage on Peabody Energy in a report on Wednesday. They set a market perform rating and a $34.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Peabody Energy presently has an average rating of Hold and a consensus price target of $40.14.
Shares of Peabody Energy stock traded up $0.30 during trading on Wednesday, hitting $29.89. 60 shares of the stock traded hands, compared to its average volume of 844,069. The company has a current ratio of 1.85, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $3.43 billion, a PE ratio of 9.49 and a beta of 0.64. Peabody Energy has a 52 week low of $28.07 and a 52 week high of $47.84.
Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Wednesday, February 6th. The coal producer reported $0.88 EPS for the quarter, beating the consensus estimate of $0.68 by $0.20. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. Peabody Energy had a return on equity of 14.57% and a net margin of 11.73%. The company’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.47 EPS. As a group, analysts predict that Peabody Energy will post 2.18 earnings per share for the current fiscal year.
The firm also recently disclosed a special dividend, which was paid on Wednesday, March 20th. Shareholders of record on Tuesday, March 12th were issued a $1.85 dividend. This represents a yield of 1.69%. The ex-dividend date was Monday, March 11th. Peabody Energy’s dividend payout ratio (DPR) is currently 16.51%.
In other Peabody Energy news, CEO Glenn L. Kellow sold 2,601 shares of the stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $29.67, for a total value of $77,171.67. Following the completion of the sale, the chief executive officer now owns 699,477 shares in the company, valued at approximately $20,753,482.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP A. Verona Dorch sold 2,170 shares of the stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $29.72, for a total value of $64,492.40. Following the completion of the sale, the executive vice president now owns 126,058 shares of the company’s stock, valued at approximately $3,746,443.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,999 shares of company stock valued at $237,629. Company insiders own 0.42% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smith Asset Management Group LP purchased a new position in shares of Peabody Energy in the 4th quarter valued at approximately $33,000. Cim Investment Mangement Inc. bought a new position in Peabody Energy during the 3rd quarter valued at approximately $203,000. Advisors Asset Management Inc. increased its position in Peabody Energy by 9.4% during the 4th quarter. Advisors Asset Management Inc. now owns 7,282 shares of the coal producer’s stock valued at $222,000 after buying an additional 627 shares in the last quarter. Hsbc Holdings PLC increased its position in Peabody Energy by 25.7% during the 4th quarter. Hsbc Holdings PLC now owns 8,336 shares of the coal producer’s stock valued at $254,000 after buying an additional 1,702 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new position in Peabody Energy during the 4th quarter valued at approximately $366,000.
Peabody Energy Company Profile
Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.
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