Peabody Energy (BTU) Price Target Lowered to $37.00 at B. Riley

Peabody Energy (NYSE:BTU) had its target price decreased by B. Riley to $37.00 in a research report released on Friday, The Fly reports. B. Riley currently has a buy rating on the coal producer’s stock. B. Riley also issued estimates for Peabody Energy’s FY2021 earnings at $2.00 EPS.

Several other research analysts have also weighed in on the stock. Clarkson Capital raised shares of Peabody Energy from a neutral rating to a buy rating in a research note on Wednesday, January 16th. Zacks Investment Research raised shares of Peabody Energy from a hold rating to a strong-buy rating and set a $41.00 target price for the company in a research note on Tuesday. ValuEngine lowered shares of Peabody Energy from a sell rating to a strong sell rating in a research note on Thursday, November 1st. Finally, MKM Partners set a $44.00 target price on shares of Peabody Energy and gave the stock a buy rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Peabody Energy has a consensus rating of Buy and an average price target of $42.17.

Peabody Energy stock traded down $1.16 during midday trading on Friday, hitting $29.73. 1,538,726 shares of the stock were exchanged, compared to its average volume of 789,424. Peabody Energy has a fifty-two week low of $29.08 and a fifty-two week high of $47.84. The stock has a market cap of $3.40 billion, a P/E ratio of 9.44 and a beta of 0.77. The company has a current ratio of 1.85, a quick ratio of 1.81 and a debt-to-equity ratio of 0.39.

Peabody Energy (NYSE:BTU) last announced its earnings results on Wednesday, February 6th. The coal producer reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.20. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. Peabody Energy had a net margin of 11.73% and a return on equity of 14.57%. Peabody Energy’s revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.47 earnings per share. As a group, analysts forecast that Peabody Energy will post 2.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 20th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, February 19th. Peabody Energy’s payout ratio is 16.51%.

Several hedge funds and other institutional investors have recently bought and sold shares of BTU. Advisors Asset Management Inc. boosted its stake in shares of Peabody Energy by 3,377.8% in the second quarter. Advisors Asset Management Inc. now owns 70,461 shares of the coal producer’s stock valued at $248,000 after purchasing an additional 68,435 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Peabody Energy in the second quarter valued at approximately $326,000. Bank of New York Mellon Corp boosted its stake in shares of Peabody Energy by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 498,055 shares of the coal producer’s stock valued at $22,652,000 after purchasing an additional 32,245 shares during the period. Northern Trust Corp boosted its stake in shares of Peabody Energy by 9.8% in the second quarter. Northern Trust Corp now owns 1,028,706 shares of the coal producer’s stock valued at $46,785,000 after purchasing an additional 92,053 shares during the period. Finally, United Services Automobile Association boosted its stake in shares of Peabody Energy by 7.2% in the second quarter. United Services Automobile Association now owns 30,810 shares of the coal producer’s stock valued at $1,401,000 after purchasing an additional 2,080 shares during the period. 99.70% of the stock is owned by institutional investors and hedge funds.

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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