Peabody Energy (NYSE:BTU) Downgraded by Wall Street Zen to "Sell"

Key Points

• Peabody Energy has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen.
• B. Riley has reduced its price target for Peabody Energy from $27.00 to $19.00, while UBS set a new target of $14.00 with a "neutral" rating.
• The company reported a net loss of $0.06 EPS for the last quarter, missing analysts' estimates and showing a revenue decline of 14.6% compared to the previous year.

Peabody Energy (NYSE:BTU - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

BTU has been the subject of a number of other reports. B. Riley reduced their price objective on shares of Peabody Energy from $27.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, April 11th. UBS Group assumed coverage on Peabody Energy in a research report on Tuesday, July 15th. They set a "neutral" rating and a $14.00 price target for the company. Finally, Benchmark lowered their price target on Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Peabody Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.60.

Peabody Energy Trading Down 0.6%

NYSE:BTU opened at $16.06 on Friday. The company has a market cap of $1.95 billion, a P/E ratio of 15.59 and a beta of 0.52. Peabody Energy has a twelve month low of $9.61 and a twelve month high of $29.94. The business has a 50 day moving average price of $14.42 and a two-hundred day moving average price of $14.48. The company has a quick ratio of 1.77, a current ratio of 2.21 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). The business had revenue of $890.10 million during the quarter, compared to the consensus estimate of $944.27 million. Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%. The business's revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.42 EPS. As a group, analysts expect that Peabody Energy will post 2.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Peabody Energy

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Peabody Energy by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,346,729 shares of the coal producer's stock worth $153,841,000 after acquiring an additional 88,466 shares during the period. American Century Companies Inc. lifted its holdings in Peabody Energy by 1.9% during the 1st quarter. American Century Companies Inc. now owns 3,858,777 shares of the coal producer's stock valued at $52,286,000 after purchasing an additional 73,440 shares during the last quarter. Progeny 3 Inc. boosted its position in Peabody Energy by 1.1% during the fourth quarter. Progeny 3 Inc. now owns 3,620,014 shares of the coal producer's stock worth $75,803,000 after purchasing an additional 40,000 shares during the period. Long Focus Capital Management LLC increased its holdings in shares of Peabody Energy by 96.7% in the first quarter. Long Focus Capital Management LLC now owns 1,789,858 shares of the coal producer's stock valued at $24,253,000 after purchasing an additional 879,800 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Peabody Energy by 2.1% in the fourth quarter. Northern Trust Corp now owns 1,620,897 shares of the coal producer's stock valued at $33,942,000 after purchasing an additional 33,742 shares during the period. Institutional investors and hedge funds own 87.44% of the company's stock.

Peabody Energy Company Profile

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.

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