Peabody Energy (NYSE:BTU) Trading Up 15.3%


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Peabody Energy Co. (NYSE:BTU)’s stock price was up 15.3% during trading on Wednesday . The company traded as high as $4.13 and last traded at $3.99. Approximately 6,748,028 shares changed hands during trading, an increase of 35% from the average daily volume of 4,995,566 shares. The stock had previously closed at $3.46.

Separately, Zacks Investment Research cut Peabody Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Peabody Energy presently has an average rating of “Hold” and an average price target of $3.81.

The company has a market cap of $390.22 million, a PE ratio of -0.19 and a beta of 1.68. The business has a 50 day simple moving average of $2.12 and a two-hundred day simple moving average of $2.33.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Monday, November 9th. The coal producer reported ($0.66) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.20. Peabody Energy had a negative return on equity of 19.80% and a negative net margin of 62.27%. The company had revenue of $671.00 million for the quarter, compared to analyst estimates of $773.22 million. During the same quarter in the prior year, the company posted ($0.77) EPS. The business’s revenue for the quarter was down 39.4% compared to the same quarter last year. On average, research analysts predict that Peabody Energy Co. will post -3.69 earnings per share for the current year.

In related news, CEO Glenn L. Kellow sold 10,349 shares of the stock in a transaction on Tuesday, January 5th. The stock was sold at an average price of $3.40, for a total value of $35,186.60. Following the transaction, the chief executive officer now directly owns 909,796 shares of the company’s stock, valued at approximately $3,093,306.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 13,758 shares of company stock worth $45,652. Corporate insiders own 0.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of BTU. FMR LLC raised its position in shares of Peabody Energy by 43.7% in the 1st quarter. FMR LLC now owns 533,868 shares of the coal producer’s stock worth $15,125,000 after buying an additional 162,404 shares during the period. Commonwealth Equity Services LLC purchased a new position in shares of Peabody Energy in the 2nd quarter worth $31,000. Goldman Sachs Group Inc. raised its position in shares of Peabody Energy by 290.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,550,796 shares of the coal producer’s stock worth $7,346,000 after buying an additional 1,897,297 shares during the period. Tudor Investment Corp Et Al raised its position in shares of Peabody Energy by 14.4% in the 2nd quarter. Tudor Investment Corp Et Al now owns 54,338 shares of the coal producer’s stock worth $156,000 after buying an additional 6,836 shares during the period. Finally, Bank of America Corp DE raised its position in Peabody Energy by 182.1% in the second quarter. Bank of America Corp DE now owns 55,488 shares of the coal producer’s stock valued at $160,000 after purchasing an additional 35,816 shares during the period. 93.72% of the stock is currently owned by institutional investors and hedge funds.

About Peabody Energy (NYSE:BTU)

Peabody Energy Corporation engages in coal mining business. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, and Corporate and Other 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.

See Also: SEC Filing

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