Peabody Energy (NYSE:BTU) Shares Down 7.5%

Peabody Energy Co. (NYSE:BTU) traded down 7.5% on Monday . The company traded as low as $17.54 and last traded at $17.54. 65,001 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 6,029,918 shares. The stock had previously closed at $18.97.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Monday, September 6th. B. Riley upped their price objective on shares of Peabody Energy from $11.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 2nd.

The business’s 50-day moving average price is $13.18 and its 200-day moving average price is $8.15. The company has a quick ratio of 1.29, a current ratio of 1.58 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $2.03 billion, a PE ratio of -5.73 and a beta of 1.56.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Thursday, July 29th. The coal producer reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.76) by $0.41. The business had revenue of $723.40 million during the quarter, compared to analyst estimates of $691.00 million. Peabody Energy had a negative net margin of 10.96% and a negative return on equity of 23.85%. On average, analysts anticipate that Peabody Energy Co. will post 0.52 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp lifted its position in shares of Peabody Energy by 477.1% in the second quarter. State Street Corp now owns 7,322,491 shares of the coal producer’s stock worth $58,067,000 after purchasing an additional 6,053,708 shares in the last quarter. BlackRock Inc. increased its holdings in Peabody Energy by 0.9% in the second quarter. BlackRock Inc. now owns 4,984,539 shares of the coal producer’s stock worth $39,526,000 after buying an additional 44,992 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Peabody Energy by 40.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,125,100 shares of the coal producer’s stock worth $32,706,000 after buying an additional 1,179,220 shares during the last quarter. Millennium Management LLC increased its holdings in Peabody Energy by 237.9% in the second quarter. Millennium Management LLC now owns 2,199,157 shares of the coal producer’s stock worth $17,439,000 after buying an additional 1,548,412 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Peabody Energy by 17.7% in the second quarter. Goldman Sachs Group Inc. now owns 1,735,697 shares of the coal producer’s stock worth $13,764,000 after buying an additional 261,127 shares during the last quarter. 71.50% of the stock is 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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