Peabody Energy (NYSE:BTU) Stock Price Down 10.7% – Here’s What Happened

Peabody Energy Corporation (NYSE:BTU) traded down 10.7% during trading on Monday . The stock traded as low as $34.72 and last traded at $35.2630. 3,781,973 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 3,357,349 shares. The stock had previously closed at $39.50.

Wall Street Analyst Weigh In

BTU has been the subject of several analyst reports. Zacks Research cut shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. UBS Group boosted their price objective on shares of Peabody Energy from $34.50 to $36.50 and gave the company a “neutral” rating in a research report on Friday, March 27th. Jefferies Financial Group upped their price objective on shares of Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Weiss Ratings lowered shares of Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Finally, B. Riley Financial cut their target price on Peabody Energy from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Peabody Energy has an average rating of “Hold” and an average price target of $38.63.

Peabody Energy Trading Down 0.4%

The stock’s 50-day simple moving average is $35.18 and its 200-day simple moving average is $31.35. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.40 and a current ratio of 1.85. The firm has a market capitalization of $4.00 billion, a PE ratio of -72.95 and a beta of 0.54.

Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, February 5th. The coal producer reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Peabody Energy had a negative return on equity of 0.93% and a negative net margin of 1.37%.The firm’s revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 EPS. As a group, sell-side analysts expect that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were issued a $0.075 dividend. The ex-dividend date was Monday, February 23rd. This represents a $0.30 dividend on an annualized basis and a yield of 0.9%. Peabody Energy’s dividend payout ratio is -66.67%.

Insider Buying and Selling at Peabody Energy

In other Peabody Energy news, CAO Scott T. Jarboe sold 2,151 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $34.26, for a total transaction of $73,693.26. Following the completion of the transaction, the chief accounting officer owned 82,306 shares of the company’s stock, valued at approximately $2,819,803.56. This trade represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Darren Ronald Yeates sold 13,892 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $36.40, for a total transaction of $505,668.80. Following the sale, the chief operating officer owned 113,440 shares in the company, valued at approximately $4,129,216. This trade represents a 10.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Peabody Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC lifted its holdings in shares of Peabody Energy by 763.4% during the third quarter. CoreCap Advisors LLC now owns 1,131 shares of the coal producer’s stock valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Peabody Energy in the 4th quarter worth approximately $37,000. Hantz Financial Services Inc. grew its stake in shares of Peabody Energy by 258.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,607 shares of the coal producer’s stock worth $43,000 after buying an additional 1,159 shares during the last quarter. Basepoint Wealth LLC purchased a new stake in shares of Peabody Energy in the 4th quarter worth approximately $57,000. Finally, International Assets Investment Management LLC bought a new position in Peabody Energy during the 4th quarter valued at approximately $59,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

About Peabody Energy

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.