Peabody Energy Corporation (NYSE:BTU) Receives $34.13 Average Target Price from Analysts

Shares of Peabody Energy Corporation (NYSE:BTUGet Free Report) have been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $34.1250.

BTU has been the subject of several recent analyst reports. B. Riley Financial cut Peabody Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $42.00 to $30.00 in a research note on Thursday, April 30th. UBS Group dropped their price target on Peabody Energy from $32.00 to $30.50 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Zacks Research cut Peabody Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings cut Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd.

Get Our Latest Analysis on BTU

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Peabody Energy by 8.5% in the 4th quarter. Vanguard Group Inc. now owns 15,135,096 shares of the coal producer’s stock worth $449,512,000 after acquiring an additional 1,191,438 shares in the last quarter. State Street Corp raised its position in shares of Peabody Energy by 3.3% in the 4th quarter. State Street Corp now owns 9,532,978 shares of the coal producer’s stock worth $283,129,000 after acquiring an additional 306,187 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Peabody Energy by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,233,585 shares of the coal producer’s stock worth $205,429,000 after acquiring an additional 54,072 shares in the last quarter. American Century Companies Inc. raised its position in shares of Peabody Energy by 8.7% in the 3rd quarter. American Century Companies Inc. now owns 4,425,459 shares of the coal producer’s stock worth $117,363,000 after acquiring an additional 354,099 shares in the last quarter. Finally, Progeny 3 Inc. raised its position in shares of Peabody Energy by 0.5% in the 2nd quarter. Progeny 3 Inc. now owns 3,916,934 shares of the coal producer’s stock worth $52,565,000 after acquiring an additional 18,920 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

More Peabody Energy News

Here are the key news stories impacting Peabody Energy this week:

Peabody Energy Price Performance

Peabody Energy stock opened at $23.32 on Tuesday. Peabody Energy has a 12 month low of $12.67 and a 12 month high of $41.14. The stock’s 50 day moving average is $25.86 and its 200-day moving average is $30.72. The company has a current ratio of 1.87, a quick ratio of 1.37 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of -23.56 and a beta of 0.36.

Peabody Energy (NYSE:BTUGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The coal producer reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.40). The company had revenue of $973.30 million for the quarter, compared to analyst estimates of $977.42 million. Peabody Energy had a negative return on equity of 2.80% and a negative net margin of 3.07%.The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. Equities research analysts expect that Peabody Energy will post 0.48 EPS for the current year.

Peabody Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 19th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 19th. Peabody Energy’s dividend payout ratio (DPR) is currently -30.30%.

About Peabody Energy

(Get Free Report)

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.

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Analyst Recommendations for Peabody Energy (NYSE:BTU)

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