Peabody Energy Corporation (NYSE:BTU) shares traded 6.74% higher at $29.62 on Wall Street last session.
BTU stock price is now 18.02% away from the 50-day moving average and 26.83% away from the 200-day moving average. The market capitalization of the company currently stands at $4.38B.
With the price target enhanced from $25 to $36, Jefferies Upgraded its rating from Hold to Buy for Peabody Energy Corporation (NYSE: BTU). On October 29, 2021, The Benchmark Company Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $16, while ‘B. Riley Securities’ rates the stock as ‘Buy’.
In other news, Spurbeck Mark, EVP and CFO sold 12,742 shares of the company’s stock on Jun 01. The stock was sold for $309,758 at an average price of $24.31. Upon completion of the transaction, the EVP and CFO now directly owns 73,663 shares in the company, valued at $2.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 26, President-US Operations Hathhorn Marc E. sold 18,335 shares of the business’s stock. A total of $463,134 was realized by selling the stock at an average price of $25.26. This leaves the insider owning 61,943 shares of the company worth $1.83 million. Insiders disposed of 188,860 shares of company stock worth roughly $5.59 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BTU stock. A new stake in Peabody Energy Corporation shares was purchased by THOMIST CAPITAL MANAGEMENT, LP during the first quarter worth $49,743,000. CASTLE HOOK PARTNERS LP invested $38,068,000 in shares of BTU during the first quarter. In the first quarter, ARCTIS GLOBAL LLC acquired a new stake in Peabody Energy Corporation valued at approximately $27,378,000. ENCOMPASS CAPITAL ADVISORS LLC acquired a new stake in BTU for approximately $24,298,000. MOORE CAPITAL MANAGEMENT, LP purchased a new stake in BTU valued at around $14,348,000 in the second quarter. In total, there are 302 active investors with 90.10% ownership of the company’s stock.
Peabody Energy Corporation (NYSE: BTU) opened at $28.42 on Tuesday. During the past 12 months, Peabody Energy Corporation has had a low of $8.58 and a high of $33.29. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.80, and a quick ratio of 1.60. The fifty day moving average price for BTU is $25.10 and a two-hundred day moving average price translates $23.35 for the stock.
The latest earnings results from Peabody Energy Corporation (NYSE: BTU) was released for Jun, 2022. According to the Thermal Coal Company, earnings per share came in at $2.54, missing analysts’ expectations of $3.17 by -0.63. This compares to $0.22 EPS in the same period last year. The net profit margin was 25.50% and return on equity was 55.60% for BTU. The company reported revenue of $1.34 billion for the quarter, compared to $679.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 97.72 percent. For the current quarter, analysts expect BTU to generate $1.27B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/29/2019. Investors who held shares on 10/30/2019 were paid a $0.145 dividend.
Peabody Energy Corporation(BTU) Company Profile
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. Thermal Mining 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. The company supplies coal primarily to electricity generators, industrial facilities, and steel manufacturers. As of December 31, 2021, it owned interests in 17 coal mining operations located in the United States and Australia; and had approximately 2.5 billion tons of proven and probable coal reserves and approximately 450,000 acres of surface property through ownership and lease agreements. The company also engages in direct and brokered trading of coal and freight-related contracts, as well as provides transportation-related services. Peabody Energy Corporation was founded in 1883 and is headquartered in St. Louis, Missouri.