Peabody Energy (NYSE:BTU) Shares Up 2.9%

Peabody Energy Co. (NYSE:BTUGet Rating) rose 2.9% during trading on Tuesday . The company traded as high as $25.88 and last traded at $24.94. Approximately 17,151 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 9,686,957 shares. The stock had previously closed at $24.24.

Several analysts have recently weighed in on BTU shares. B. Riley lifted their target price on shares of Peabody Energy from $24.00 to $25.00 in a research report on Thursday, February 3rd. Zacks Investment Research raised Peabody Energy from a “sell” rating to a “hold” rating and set a $15.00 price target on the stock in a research note on Friday, February 4th. TheStreet upgraded Peabody Energy from a “d” rating to a “c” rating in a research note on Thursday, February 10th. Finally, Jefferies Financial Group boosted their target price on shares of Peabody Energy from $18.00 to $25.00 and gave the company a “hold” rating in a research note on Wednesday, March 9th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $20.25.

The firm has a market capitalization of $3.66 billion, a P/E ratio of 10.77 and a beta of 1.19. The stock has a 50-day moving average of $23.91 and a 200 day moving average of $16.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.69 and a current ratio of 1.93.

Peabody Energy (NYSE:BTUGet Rating) last posted its quarterly earnings data on Thursday, February 10th. The coal producer reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $1.74. Peabody Energy had a return on equity of 27.20% and a net margin of 10.85%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm earned ($0.54) earnings per share. The business’s revenue was up 69.0% on a year-over-year basis. On average, equities analysts predict that Peabody Energy Co. will post 7.49 EPS for the current year.

In other Peabody Energy news, insider Marc E. Hathhorn sold 1,639 shares of the business’s stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $17.04, for a total value of $27,928.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 2,601 shares of company stock worth $44,225. Insiders own 0.09% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp bought a new position in Peabody Energy in the 1st quarter valued at $34,000. Larson Financial Group LLC bought a new position in Peabody Energy in the third quarter valued at about $31,000. Captrust Financial Advisors increased its position in Peabody Energy by 399.5% in the third quarter. Captrust Financial Advisors now owns 4,406 shares of the coal producer’s stock worth $65,000 after purchasing an additional 3,524 shares during the period. Credit Agricole S A bought a new stake in Peabody Energy during the 4th quarter worth about $58,000. Finally, Meeder Asset Management Inc. bought a new stake in Peabody Energy during the 3rd quarter worth about $87,000. Hedge funds and other institutional investors own 69.31% of the company’s stock.

About Peabody Energy (NYSE:BTU)

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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