Peabody Energy (NYSE:BTU) Upgraded to Hold at Wall Street Zen

Peabody Energy (NYSE:BTU) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

BTU has been the subject of several other research reports. B. Riley lifted their target price on shares of Peabody Energy from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Benchmark boosted their price objective on Peabody Energy from $23.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, October 31st. UBS Group upped their target price on Peabody Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Peabody Energy in a report on Monday. Finally, Zacks Research downgraded Peabody Energy from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.75.

Peabody Energy Stock Performance

Shares of NYSE BTU opened at $30.66 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.73 billion, a P/E ratio of -105.72 and a beta of 0.41. Peabody Energy has a 12 month low of $9.61 and a 12 month high of $35.99. The stock has a 50 day moving average of $28.77 and a 200-day moving average of $22.96.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Thursday, October 30th. The coal producer reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.39). Peabody Energy had a negative net margin of 0.83% and a negative return on equity of 0.25%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $990.20 million. During the same quarter last year, the company posted $0.74 EPS. The firm’s revenue was down 7.0% on a year-over-year basis. As a group, equities research analysts predict that Peabody Energy will post 2.61 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in Peabody Energy by 104.3% during the second quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock valued at $25,000 after purchasing an additional 1,024 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Peabody Energy by 57.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,229 shares of the coal producer’s stock worth $30,000 after buying an additional 816 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Peabody Energy by 763.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,131 shares of the coal producer’s stock worth $30,000 after buying an additional 1,000 shares during the last quarter. Signaturefd LLC boosted its stake in Peabody Energy by 48.5% in the second quarter. Signaturefd LLC now owns 2,353 shares of the coal producer’s stock valued at $32,000 after buying an additional 768 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in Peabody Energy in the second quarter valued at about $34,000. 87.44% of the stock is owned by institutional investors.

About Peabody Energy

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.