Peabody Energy (BTU) Given Consensus Recommendation of “Buy” by Analysts

Peabody Energy (NYSE:BTU) has received an average recommendation of “Buy” from the eleven research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $42.57.

Several research firms have recently weighed in on BTU. ValuEngine cut shares of Peabody Energy from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. B. Riley reaffirmed a “buy” rating and issued a $49.00 price target on shares of Peabody Energy in a report on Tuesday, January 23rd. JPMorgan Chase reaffirmed an “overweight” rating and issued a $48.00 price target (down previously from $52.00) on shares of Peabody Energy in a report on Friday, March 16th. Zacks Investment Research raised shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, January 24th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $48.00 price target on shares of Peabody Energy in a report on Monday, January 22nd.

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In related news, EVP Charles F. Meintjes sold 1,125 shares of the company’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $36.92, for a total value of $41,535.00. Following the completion of the transaction, the executive vice president now directly owns 206,135 shares in the company, valued at $7,610,504.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Amy B. Schwetz sold 933 shares of the company’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $36.92, for a total transaction of $34,446.36. Following the completion of the transaction, the chief financial officer now owns 215,419 shares of the company’s stock, valued at $7,953,269.48. The disclosure for this sale can be found here. Insiders sold 3,519 shares of company stock valued at $129,921 over the last quarter. 0.42% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Peabody Energy by 18.3% in the fourth quarter. BlackRock Inc. now owns 5,222,865 shares of the coal producer’s stock worth $205,623,000 after acquiring an additional 806,759 shares in the last quarter. Orbis Allan Gray Ltd purchased a new position in Peabody Energy in the fourth quarter worth $156,312,000. Platinum Investment Management Ltd. grew its position in Peabody Energy by 45.0% in the fourth quarter. Platinum Investment Management Ltd. now owns 3,787,899 shares of the coal producer’s stock worth $149,129,000 after acquiring an additional 1,176,200 shares in the last quarter. Millennium Management LLC grew its position in Peabody Energy by 45.8% in the fourth quarter. Millennium Management LLC now owns 2,237,696 shares of the coal producer’s stock worth $88,098,000 after acquiring an additional 703,221 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in Peabody Energy in the third quarter worth $33,589,000. Institutional investors own 79.34% of the company’s stock.

Peabody Energy stock opened at $36.40 on Thursday. The firm has a market capitalization of $4,686.69 and a PE ratio of 3.75. Peabody Energy has a fifty-two week low of $22.58 and a fifty-two week high of $41.98. The company has a current ratio of 1.76, a quick ratio of 1.53 and a debt-to-equity ratio of 0.46.

Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Wednesday, February 7th. The coal producer reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.19. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Peabody Energy had a net margin of 14.41% and a return on equity of 32.83%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($10.53) earnings per share. sell-side analysts anticipate that Peabody Energy will post 3.16 earnings per share for the current year.

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About Peabody Energy

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

Analyst Recommendations for Peabody Energy (NYSE:BTU)

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