Peabody Energy (BTU) Reaches New 52-Week Low at $26.53

Peabody Energy Co. (NYSE:BTU) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $26.53 and last traded at $26.65, with a volume of 574345 shares traded. The stock had previously closed at $28.12.

Several research analysts have weighed in on the company. Zacks Investment Research upgraded Peabody Energy from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Monday, May 6th. Credit Suisse Group assumed coverage on Peabody Energy in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $42.00 target price on the stock. MKM Partners lowered their target price on Peabody Energy from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Deutsche Bank assumed coverage on Peabody Energy in a research note on Sunday, March 31st. They issued a “buy” rating and a $33.00 target price on the stock. Finally, B. Riley lowered their target price on Peabody Energy to $37.00 and set a “buy” rating on the stock in a research note on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $37.63.

The company has a market cap of $3.01 billion, a price-to-earnings ratio of 8.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.77 and a quick ratio of 1.52.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Wednesday, May 1st. The coal producer reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.65. Peabody Energy had a return on equity of 12.55% and a net margin of 10.61%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The company’s revenue for the quarter was down 14.5% compared to the same quarter last year. On average, analysts expect that Peabody Energy Co. will post 3 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This is an increase from Peabody Energy’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.10%. Peabody Energy’s payout ratio is 16.51%.

In related news, EVP A. Verona Dorch sold 33,527 shares of Peabody Energy stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $27.98, for a total value of $938,085.46. Following the sale, the executive vice president now directly owns 77,289 shares in the company, valued at $2,162,546.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider George John Schuller, Jr. sold 16,971 shares of Peabody Energy stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $27.98, for a total value of $474,848.58. Following the completion of the sale, the insider now owns 45,164 shares in the company, valued at $1,263,688.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,980 shares of company stock worth $1,426,069. Company insiders own 0.75% of the company’s stock.

Several institutional investors have recently bought and sold shares of BTU. Smith Asset Management Group LP purchased a new stake in shares of Peabody Energy in the fourth quarter valued at approximately $33,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Peabody Energy by 103.2% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,024 shares of the coal producer’s stock worth $58,000 after purchasing an additional 1,028 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Peabody Energy during the first quarter worth $110,000. One Wealth Advisors LLC acquired a new position in Peabody Energy during the first quarter worth $151,000. Finally, Convergence Investment Partners LLC acquired a new position in Peabody Energy during the first quarter worth $201,000.

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About Peabody Energy (NYSE:BTU)

Peabody Energy Corporation engages in coal mining business. The company operates through Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other segments. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; mining bituminous and sub-bituminous coal deposits; and mining metallurgical coal, such as hard coking coal, semi-hard coking coal, semi-soft coking coal, and pulverized coal injection coal.

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