B. Riley Lowers Peabody Energy (BTU) Price Target to $42.00

Peabody Energy (NYSE:BTU) had its target price cut by B. Riley from $45.00 to $42.00 in a research report report published on Monday morning. They currently have a buy rating on the coal producer’s stock. B. Riley also issued estimates for Peabody Energy’s Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $3.15 EPS, Q1 2019 earnings at $0.93 EPS, Q2 2019 earnings at $1.01 EPS, Q3 2019 earnings at $1.22 EPS, Q4 2019 earnings at $1.16 EPS and FY2019 earnings at $4.31 EPS.

Several other research firms have also recently commented on BTU. Seaport Global Securities cut Peabody Energy from a buy rating to a neutral rating in a research note on Friday, September 28th. Zacks Investment Research raised Peabody Energy from a hold rating to a strong-buy rating and set a $49.00 price target on the stock in a research report on Wednesday, September 26th. ValuEngine lowered Peabody Energy from a sell rating to a strong sell rating in a research report on Thursday, November 1st. Clarkson Capital lowered Peabody Energy from a buy rating to a hold rating and set a $47.00 price target on the stock. in a research report on Friday, September 28th. Finally, Macquarie lowered their price target on Peabody Energy from $49.00 to $36.00 and set a hold rating on the stock in a research report on Monday, October 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $44.33.

NYSE BTU opened at $35.82 on Monday. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 9.03 and a beta of 0.64. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. Peabody Energy has a 52 week low of $30.49 and a 52 week high of $47.84.

Peabody Energy (NYSE:BTU) last released its earnings results on Tuesday, October 30th. The coal producer reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.55). The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. Peabody Energy had a net margin of 13.20% and a return on equity of 19.01%. The company’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. As a group, equities analysts expect that Peabody Energy will post 3.03 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, October 31st will be given a dividend of $0.13 per share. This is a positive change from Peabody Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.45%.

In related news, insider George John Schuller, Jr. sold 12,312 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $41.13, for a total transaction of $506,392.56. Following the transaction, the insider now directly owns 55,627 shares of the company’s stock, valued at approximately $2,287,938.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP A. Verona Dorch sold 28,987 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $35.07, for a total value of $1,016,574.09. Following the transaction, the executive vice president now directly owns 142,456 shares in the company, valued at $4,995,931.92. The disclosure for this sale can be found here. Insiders have sold a total of 79,486 shares of company stock worth $3,108,904 in the last ninety days. Insiders own 0.42% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. increased its holdings in shares of Peabody Energy by 444.3% during the 3rd quarter. Prudential Financial Inc. now owns 569,649 shares of the coal producer’s stock worth $20,302,000 after acquiring an additional 464,989 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Peabody Energy by 90.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,593,969 shares of the coal producer’s stock worth $92,449,000 after acquiring an additional 1,233,753 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Peabody Energy by 117.5% during the 3rd quarter. SG Americas Securities LLC now owns 25,021 shares of the coal producer’s stock worth $892,000 after acquiring an additional 13,516 shares during the last quarter. Stone Ridge Asset Management LLC increased its holdings in shares of Peabody Energy by 145.2% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 26,221 shares of the coal producer’s stock worth $935,000 after acquiring an additional 15,528 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Peabody Energy by 38.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,665 shares of the coal producer’s stock worth $344,000 after acquiring an additional 2,674 shares during the last quarter. 99.17% of the stock is currently owned by institutional investors and hedge funds.

Peabody Energy Company Profile

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

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