B. Riley Lowers Peabody Energy (NYSE:BTU) Price Target to $31.00

Peabody Energy (NYSE:BTU) had its target price decreased by research analysts at B. Riley from $32.00 to $31.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the coal producer’s stock. B. Riley’s price target suggests a potential upside of 40.59% from the stock’s previous close. B. Riley also issued estimates for Peabody Energy’s Q2 2024 earnings at $0.55 EPS, Q3 2024 earnings at $0.66 EPS and Q4 2024 earnings at $0.76 EPS.

Separately, Benchmark reaffirmed a “buy” rating and issued a $28.00 target price on shares of Peabody Energy in a research report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Peabody Energy has a consensus rating of “Moderate Buy” and an average target price of $28.25.

Peabody Energy Price Performance

Peabody Energy stock opened at $22.05 on Friday. The stock’s 50 day moving average price is $24.14 and its two-hundred day moving average price is $24.35. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 6.14 and a beta of 1.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.36. Peabody Energy has a 52-week low of $17.71 and a 52-week high of $27.24.

Peabody Energy (NYSE:BTU) last issued its earnings results on Thursday, May 2nd. The coal producer reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. Peabody Energy had a net margin of 11.62% and a return on equity of 14.98%. The business had revenue of $983.60 million for the quarter, compared to analyst estimates of $980.03 million. During the same period in the prior year, the firm earned $1.69 earnings per share. Peabody Energy’s revenue was down 27.9% on a year-over-year basis. On average, equities analysts predict that Peabody Energy will post 3.07 earnings per share for the current year.

Insider Transactions at Peabody Energy

In related news, CFO Mark Spurbeck sold 6,826 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.57, for a total value of $167,714.82. Following the transaction, the chief financial officer now owns 75,464 shares of the company’s stock, valued at approximately $1,854,150.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Mark Spurbeck sold 6,826 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total value of $167,714.82. Following the completion of the sale, the chief financial officer now directly owns 75,464 shares of the company’s stock, valued at approximately $1,854,150.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nicholas J. Chirekos sold 14,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $25.50, for a total value of $357,000.00. Following the transaction, the director now owns 24,279 shares in the company, valued at $619,114.50. The disclosure for this sale can be found here. Insiders sold a total of 52,806 shares of company stock valued at $1,339,565 over the last three months. Corporate insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Peabody Energy

A number of institutional investors have recently added to or reduced their stakes in BTU. Stratos Wealth Partners LTD. purchased a new position in shares of Peabody Energy in the 3rd quarter worth approximately $261,000. Hosking Partners LLP grew its stake in Peabody Energy by 9.0% in the 3rd quarter. Hosking Partners LLP now owns 1,362,201 shares of the coal producer’s stock valued at $35,404,000 after purchasing an additional 112,092 shares during the period. Gendell Jeffrey L increased its position in shares of Peabody Energy by 18.6% during the 3rd quarter. Gendell Jeffrey L now owns 2,194,474 shares of the coal producer’s stock valued at $57,034,000 after purchasing an additional 344,793 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Peabody Energy by 47.5% during the 4th quarter. SG Americas Securities LLC now owns 10,306 shares of the coal producer’s stock worth $251,000 after purchasing an additional 3,321 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Peabody Energy by 7.5% during the third quarter. Bank of New York Mellon Corp now owns 787,687 shares of the coal producer’s stock valued at $20,472,000 after buying an additional 55,131 shares during the period. 87.44% of the stock is owned by institutional investors.

About Peabody Energy

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