Peabody Energy (NYSE:BTU) Stock Price Down 0.8%

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Peabody Energy Co. (NYSE:BTU)’s stock price fell 0.8% on Tuesday . The company traded as low as $8.76 and last traded at $8.92, 39,959 shares changed hands during mid-day trading. A decline of 97% from the average session volume of 1,579,554 shares. The stock had previously closed at $8.99.

A number of research firms have recently weighed in on BTU. Zacks Investment Research lowered shares of Peabody Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. B. Riley lowered shares of Peabody Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $26.00 to $12.00 in a research note on Wednesday, October 30th. Jefferies Financial Group lowered shares of Peabody Energy from a “buy” rating to a “hold” rating and cut their price objective for the stock from $27.00 to $18.00 in a research note on Tuesday, August 6th. TheStreet downgraded shares of Peabody Energy from a “c-” rating to a “d+” rating in a report on Thursday, August 15th. Finally, BMO Capital Markets lowered their price target on shares of Peabody Energy to $14.00 and set a “market perform” rating on the stock in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $27.00.

The stock’s fifty day moving average is $13.18 and its 200-day moving average is $19.61. The stock has a market capitalization of $1.02 billion, a PE ratio of 2.88 and a beta of 0.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.74 and a quick ratio of 1.41.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Tuesday, October 29th. The coal producer reported ($0.81) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.64). Peabody Energy had a return on equity of 6.72% and a net margin of 6.92%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company posted $0.63 earnings per share. The business’s quarterly revenue was down 21.7% on a year-over-year basis. On average, analysts forecast that Peabody Energy Co. will post 0.45 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, October 30th will be issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date is Tuesday, October 29th. Peabody Energy’s dividend payout ratio (DPR) is presently 18.41%.

In other news, major shareholder International L.P. Elliott purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost of $17.43 per share, with a total value of $871,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in Peabody Energy by 11.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 868,814 shares of the coal producer’s stock valued at $20,939,000 after purchasing an additional 87,212 shares in the last quarter. Morgan Stanley lifted its holdings in Peabody Energy by 24.1% during the second quarter. Morgan Stanley now owns 32,548 shares of the coal producer’s stock valued at $785,000 after purchasing an additional 6,325 shares in the last quarter. Quantamental Technologies LLC lifted its holdings in Peabody Energy by 152.5% during the second quarter. Quantamental Technologies LLC now owns 9,839 shares of the coal producer’s stock valued at $237,000 after purchasing an additional 5,943 shares in the last quarter. Strs Ohio lifted its holdings in Peabody Energy by 26.4% during the third quarter. Strs Ohio now owns 52,600 shares of the coal producer’s stock valued at $774,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Peabody Energy by 19.8% during the second quarter. Renaissance Technologies LLC now owns 2,485,145 shares of the coal producer’s stock valued at $59,892,000 after purchasing an additional 411,200 shares in the last quarter. 96.94% of the stock is currently owned by institutional investors and hedge funds.

Peabody Energy Company Profile (NYSE:BTU)

Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.

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