Peabody Energy (NYSE:BTU) Shares Down 6.8%

Peabody Energy Co. (NYSE:BTUGet Rating) shares dropped 6.8% on Wednesday . The company traded as low as $23.26 and last traded at $23.50. Approximately 20,128 shares traded hands during trading, a decline of 100% from the average daily volume of 5,301,691 shares. The stock had previously closed at $25.21.

Analyst Ratings Changes

Several analysts have commented on BTU shares. B. Riley lowered their target price on shares of Peabody Energy from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, July 7th. Jefferies Financial Group raised shares of Peabody Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $36.00 in a research note on Tuesday, June 7th. Finally, Clarkson Capital reaffirmed a “neutral” rating on shares of Peabody Energy in a research note on Tuesday, June 14th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.67.

Peabody Energy Stock Performance

The company has a market cap of $3.24 billion, a price-to-earnings ratio of 4.33 and a beta of 1.03. The stock’s fifty day simple moving average is $22.50 and its two-hundred day simple moving average is $23.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.02 and a current ratio of 2.28.

Peabody Energy (NYSE:BTUGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The coal producer reported $2.67 earnings per share for the quarter, missing analysts’ consensus estimates of $3.05 by ($0.38). The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.35 billion. Peabody Energy had a net margin of 19.18% and a return on equity of 60.85%. The firm’s revenue for the quarter was up 82.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.35) EPS. Equities research analysts anticipate that Peabody Energy Co. will post 7.07 EPS for the current year.

Hedge Funds Weigh In On Peabody Energy

Several hedge funds and other institutional investors have recently made changes to their positions in BTU. Macquarie Group Ltd. acquired a new position in shares of Peabody Energy during the 2nd quarter valued at $33,000. Fifth Third Bancorp acquired a new position in shares of Peabody Energy during the 1st quarter valued at $34,000. Gladius Capital Management LP acquired a new position in shares of Peabody Energy during the 2nd quarter valued at $36,000. Credit Agricole S A acquired a new position in shares of Peabody Energy during the 4th quarter valued at $58,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Peabody Energy during the 1st quarter valued at $58,000. Institutional investors and hedge funds own 81.21% of the company’s stock.

About Peabody Energy

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Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Indonesia, China, Vietnam, South Korea, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S.

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