Peabody Energy Target of Unusually Large Options Trading (NYSE:BTU)

Peabody Energy Co. (NYSE:BTUGet Rating) saw some unusual options trading on Wednesday. Stock traders bought 29,350 call options on the stock. This is an increase of 71% compared to the typical daily volume of 17,173 call options.

Institutional Trading of Peabody Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CI Investments Inc. bought a new stake in Peabody Energy in the 1st quarter worth approximately $990,000. Carolina Wealth Advisors LLC bought a new stake in Peabody Energy in the 1st quarter worth approximately $642,000. Plustick Management LLC bought a new stake in Peabody Energy in the 1st quarter worth approximately $7,972,000. Assenagon Asset Management S.A. increased its stake in Peabody Energy by 167.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 541,461 shares of the coal producer’s stock worth $13,282,000 after acquiring an additional 338,695 shares during the last quarter. Finally, Walleye Capital LLC increased its stake in Peabody Energy by 300.5% in the 4th quarter. Walleye Capital LLC now owns 47,655 shares of the coal producer’s stock worth $480,000 after acquiring an additional 35,755 shares during the last quarter. Institutional investors own 81.21% of the company’s stock.

Peabody Energy Stock Up 4.0 %

BTU stock opened at $22.07 on Wednesday. Peabody Energy has a twelve month low of $8.58 and a twelve month high of $33.29. The company has a quick ratio of 2.02, a current ratio of 2.28 and a debt-to-equity ratio of 0.38. The stock has a market cap of $3.18 billion, a P/E ratio of 4.24 and a beta of 1.03. The business’s 50-day moving average price is $22.78 and its 200-day moving average price is $23.54.

Peabody Energy (NYSE:BTUGet Rating) last issued its earnings results on Thursday, July 28th. The coal producer reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.05 by ($0.38). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. Peabody Energy had a net margin of 19.18% and a return on equity of 60.85%. The firm’s revenue for the quarter was up 82.7% compared to the same quarter last year. During the same period last year, the business posted ($0.35) EPS. On average, equities research analysts forecast that Peabody Energy will post 7.07 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on BTU shares. Jefferies Financial Group raised Peabody Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $25.00 to $36.00 in a research report on Tuesday, June 7th. B. Riley dropped their target price on Peabody Energy from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. Finally, Clarkson Capital reissued a “neutral” rating on shares of Peabody Energy in a research report on Tuesday, June 14th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Peabody Energy presently has an average rating of “Moderate Buy” and a consensus price target of $32.67.

Peabody Energy Company Profile

(Get Rating)

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Indonesia, China, Vietnam, South Korea, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S.

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