Peabody Energy (NYSE:BTU) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Peabody Energy (NYSE:BTUFree Report) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

Several other research firms have also issued reports on BTU. Weiss Ratings lowered shares of Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. UBS Group lowered their price objective on Peabody Energy from $32.00 to $30.50 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Finally, B. Riley Financial downgraded Peabody Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $42.00 to $30.00 in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Peabody Energy presently has a consensus rating of “Hold” and a consensus price target of $34.12.

Check Out Our Latest Research Report on BTU

Peabody Energy Stock Performance

BTU stock opened at $23.12 on Monday. Peabody Energy has a one year low of $12.77 and a one year high of $41.14. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -23.35 and a beta of 0.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.37 and a current ratio of 1.87. The firm has a 50-day simple moving average of $25.81 and a two-hundred day simple moving average of $30.68.

Peabody Energy (NYSE:BTUGet Free Report) last posted its earnings results on Tuesday, May 5th. The coal producer reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.40). The firm had revenue of $973.30 million for the quarter, compared to analysts’ expectations of $977.42 million. Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. On average, equities analysts forecast that Peabody Energy will post 0.48 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 19th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 19th. Peabody Energy’s payout ratio is currently -30.30%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BTU. Massachusetts Financial Services Co. MA purchased a new position in Peabody Energy in the 4th quarter worth $90,603,000. Sourcerock Group LLC purchased a new position in shares of Peabody Energy in the second quarter worth about $28,092,000. State Street Corp lifted its holdings in shares of Peabody Energy by 19.3% during the second quarter. State Street Corp now owns 9,208,031 shares of the coal producer’s stock worth $123,572,000 after purchasing an additional 1,487,531 shares during the period. Phoenix Financial Ltd. acquired a new stake in shares of Peabody Energy during the fourth quarter worth about $38,125,000. Finally, Vanguard Group Inc. boosted its position in Peabody Energy by 8.5% in the fourth quarter. Vanguard Group Inc. now owns 15,135,096 shares of the coal producer’s stock valued at $449,512,000 after buying an additional 1,191,438 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Key Stories Impacting Peabody Energy

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Peabody Energy Company Profile

(Get Free Report)

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.

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Analyst Recommendations for Peabody Energy (NYSE:BTU)

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