Peabody Energy Co. (NYSE:BTU) rose 4.9% on Thursday . The stock traded as high as $6.09 and last traded at $5.95. Approximately 9,371 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 9,491,016 shares. The stock had previously closed at $5.67.
BTU has been the subject of several research analyst reports. Zacks Investment Research raised Peabody Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, May 5th. B. Riley raised their price target on Peabody Energy from $1.45 to $3.50 and gave the stock a “neutral” rating in a research report on Monday, February 8th.
The company has a debt-to-equity ratio of 1.58, a current ratio of 1.61 and a quick ratio of 1.30. The firm has a 50-day simple moving average of $4.74 and a two-hundred day simple moving average of $3.38. The company has a market cap of $633.05 million, a PE ratio of -0.33 and a beta of 1.52.
Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Thursday, April 29th. The coal producer reported ($0.79) earnings per share for the quarter, topping the consensus estimate of ($1.48) by $0.69. The company had revenue of $651.30 million during the quarter, compared to the consensus estimate of $667.25 million. Peabody Energy had a negative return on equity of 32.53% and a negative net margin of 67.78%. Peabody Energy’s revenue was down 23.0% compared to the same quarter last year. During the same quarter last year, the business posted ($1.31) earnings per share. Equities research analysts forecast that Peabody Energy Co. will post -1.91 EPS for the current year.
In other news, insider Kemal Williamson sold 60,000 shares of the firm’s stock in a transaction on Tuesday, May 18th. The stock was sold at an average price of $7.15, for a total transaction of $429,000.00. Following the sale, the insider now owns 191,817 shares in the company, valued at $1,371,491.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.78% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Peabody Energy by 0.8% during the first quarter. BlackRock Inc. now owns 4,939,547 shares of the coal producer’s stock worth $15,116,000 after purchasing an additional 37,793 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Peabody Energy by 43.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,330,583 shares of the coal producer’s stock worth $3,207,000 after purchasing an additional 404,623 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Peabody Energy by 40.9% during the first quarter. Northern Trust Corp now owns 1,139,461 shares of the coal producer’s stock worth $3,487,000 after purchasing an additional 330,591 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Peabody Energy by 4.3% during the first quarter. Geode Capital Management LLC now owns 1,061,183 shares of the coal producer’s stock worth $3,247,000 after purchasing an additional 43,461 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Peabody Energy by 155.3% in the first quarter. Acadian Asset Management LLC now owns 668,444 shares of the coal producer’s stock valued at $2,046,000 after acquiring an additional 406,576 shares during the last quarter. Institutional investors and hedge funds own 75.61% of the company’s stock.
Peabody Energy Company Profile (NYSE:BTU)
Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, China, India, 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.
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