Peabody Energy (NYSE:BTU – Free Report) had its price target upped by B. Riley from $32.00 to $34.00 in a report published on Tuesday, Benzinga reports. The firm currently has a buy rating on the coal producer’s stock.
Peabody Energy Price Performance
NYSE BTU opened at $22.70 on Tuesday. Peabody Energy has a 1 year low of $20.21 and a 1 year high of $27.24. The company has a fifty day simple moving average of $22.40 and a 200 day simple moving average of $23.12. The company has a current ratio of 2.49, a quick ratio of 1.92 and a debt-to-equity ratio of 0.09. The company has a market cap of $2.89 billion, a P/E ratio of 6.32 and a beta of 0.95.
Peabody Energy (NYSE:BTU – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.90. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. On average, sell-side analysts predict that Peabody Energy will post 3.11 EPS for the current year.
Peabody Energy Announces Dividend
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP increased its stake in Peabody Energy by 32.3% during the fourth quarter. GSA Capital Partners LLP now owns 134,193 shares of the coal producer’s stock valued at $3,264,000 after acquiring an additional 32,775 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Peabody Energy by 552.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 166,651 shares of the coal producer’s stock valued at $4,043,000 after purchasing an additional 141,118 shares in the last quarter. SG Americas Securities LLC lifted its position in Peabody Energy by 227.0% in the first quarter. SG Americas Securities LLC now owns 33,699 shares of the coal producer’s stock worth $818,000 after purchasing an additional 23,393 shares during the period. Vanguard Group Inc. boosted its stake in Peabody Energy by 21.5% during the first quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer’s stock worth $338,611,000 after buying an additional 2,473,286 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in Peabody Energy in the 4th quarter valued at $5,208,000. Institutional investors own 87.44% of the company’s stock.
Peabody Energy Company Profile
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.
Featured Stories
- Five stocks we like better than Peabody Energy
- 3 Fintech Stocks With Good 2021 Prospects
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- Profitably Trade Stocks at 52-Week Highs
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Receive News & Ratings for Peabody Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peabody Energy and related companies with MarketBeat.com's FREE daily email newsletter.