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Peabody Energy Corporation (NYSE:BTU) on Focus After Report of More Shorts

12 Août 2017

Peabody Energy Corporation (BTU) traded up 6.92% during midday trading on Tuesday, reaching $29.98.

A number of other brokerages have also commented on BTU. Zacks Investment Research raised Peabody Energy Corporation from a "sell" rating to a "hold" rating in a report on Wednesday, July 26th.

03/30/2017 - Clarkson Platou began new coverage on Peabody Energy Corporation giving the company a "buy" rating. Finally, MKM Partners initiated coverage on shares of Peabody Energy Corporation in a report on Thursday, April 27th. They issued a "buy" rating and a $53.00 price target on the stock.

In other Peabody Energy Corporation news, major shareholder Associates L.P. Elliott purchased 24,045 shares of the stock in a transaction that occurred on Friday, June 2nd.

Sell-side analyst recommendations point to a short term price target of $98.27 on the shares of The Allstate Corporation (ALL). Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Peabody Energy Corporation presently has a consensus rating of "Buy" and an average price target of $35.57.

The share price of Peabody Energy Corporation (NYSE:BTU) was down -1.78% during the last trading session, with a day high of 28.78. It opened the session with a $93.98 price tag, later ranging from $93.84 to $94.33, the range at which the stock has traded at throughout the day.

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The stock's 50 day moving average is 24.67 and its 200 day moving average is 24.92. Peabody Energy Corporation has a 12 month low of $22.58 and a 12 month high of $32.50. They now have a Dollars 2 price target on the stock.

Peabody Energy Corporation (NYSE:BTU) last issued its quarterly earnings data on Tuesday, August 1st. The coal producer reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.89 by $1.07, Briefing.com reports. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. The firm's quarterly revenue was up 21.0% compared to the same quarter a year ago. As of the last earnings report the EPS was $-6.27 and is projected to be $5.56 for the current year with 96,800,000 shares now outstanding. Sell-side analyst recommendations point to a short term price target of $33.83 on the company shares. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & global trademark & copyright laws. Martingale Asset Management L P acquired a new position in shares of Peabody Energy Corporation during the second quarter worth about $301,000. The stock was purchased at an average price of $23.40 per share, with a total value of $220,615.20. The company had a trading volume of 1,724,397 shares. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Glenn L. Kellow purchased 8,520 shares of the stock in a transaction that occurred on Monday, May 22nd. The disclosure for this purchase can be found here. Following the acquisition, the insider now directly owns 689,410 shares in the company, valued at approximately $16,194,240.90.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pacific Heights Asset Management LLC purchased a new stake in Peabody Energy Corporation during the second quarter valued at $295,000. Parkwood LLC acquired a new position in shares of Peabody Energy Corporation during the second quarter valued at about $594,000. The stock stands almost -0.4% off versus the 52-week high and 41.56% away from the 52-week low.

Peabody Energy Corporation had 27 analyst reports since July 22, 2015 according to SRatingsIntel.

The company is so far trading down since yesterday's close of $28.73. Its Powder River Basin Mining operations consist of its mines in Wyoming.