In yesterday’s Wall Street session, Peabody Energy Corporation (NYSE:BTU) shares traded at $20.78, down -1.38% from the previous session.
As of this writing, 5 analysts cover Peabody Energy Corporation (NYSE:BTU). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $29.00, we find $30.00. Given the previous closing price of $21.07, this indicates a potential upside of 42.38 percent. BTU stock price is now -14.25% away from the 50-day moving average and -19.24% away from the 200-day moving average. The market capitalization of the company currently stands at $2.98B.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
Sponsored
There are 2 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $30.60 as their price target over the next twelve months.
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, Elliott Investment Management, 10% Owner sold 257,296 shares of the company’s stock on Mar 03. The stock was sold for $7,307,206 at an average price of $28.40. Upon completion of the transaction, the 10% Owner now directly owns 21,109,807 shares in the company, valued at $438.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24, EVP and CFO Spurbeck Mark sold 21,070 shares of the business’s stock. A total of $545,292 was realized by selling the stock at an average price of $25.88. This leaves the insider owning 67,108 shares of the company worth $1.39 million. Insiders disposed of 5,018,988 shares of company stock worth roughly $104.29 million over the past 1 year. A total of 0.31% 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 BOSTON PARTNERS during the first quarter worth $122,073,000. POINT72 ASSET MANAGEMENT, L.P. invested $18,653,000 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 $11,805,000. THOMIST CAPITAL MANAGEMENT, LP acquired a new stake in BTU for approximately $11,406,000. CRESTLINE MANAGEMENT, LP purchased a new stake in BTU valued at around $8,352,000 in the second quarter. In total, there are 373 active investors with 87.50% ownership of the company’s stock.
Thursday morning saw Peabody Energy Corporation (NYSE: BTU) opened at $20.90. During the past 12 months, Peabody Energy Corporation has had a low of $17.42 and a high of $32.89. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 2.20, and a quick ratio of 1.80. The fifty day moving average price for BTU is $24.13 and a two-hundred day moving average price translates $25.74 for the stock.
The latest earnings results from Peabody Energy Corporation (NYSE: BTU) was released for Mar, 2023. According to the Thermal Coal Company, earnings per share came in at $1.68, beating analysts’ expectations of $1.39 by 0.29. This compares to -$0.01 EPS in the same period last year. The net profit margin was 29.80% and return on equity was 58.30% for BTU. The company reported revenue of $1.36 billion for the quarter, compared to $691.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 97.28 percent. For the current quarter, analysts expect BTU to generate $1.32B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/31/2023. Investors who held shares on 05/11/2023 were paid a $0.075 dividend. On an annualized basis, this represents a $0.30 dividend and a 1.44% percent yield. There was an ex-dividend date of 05/10/2023 for this dividend.
Peabody Energy Corporation(BTU) 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, 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 the 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. It also engages in direct and brokered trading of coal and freight-related contracts, as well as provides transportation-related services. The company was founded in 1883 and is headquartered in St. Louis, Missouri.
