Peabody Energy (NYSE:BTU) Shares Gap Up - What's Next?

Peabody Energy Co. (NYSE:BTU - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $12.81, but opened at $13.28. Peabody Energy shares last traded at $13.48, with a volume of 2,146,883 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Benchmark decreased their price target on Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Wednesday. B. Riley dropped their price target on shares of Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, April 11th.

Peabody Energy Stock Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.68 and a current ratio of 2.15. The stock has a market cap of $1.68 billion, a P/E ratio of 5.11 and a beta of 0.49. The company's 50 day moving average price is $12.89 and its 200-day moving average price is $18.36.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The coal producer reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.20. The company had revenue of $937.00 million during the quarter, compared to analyst estimates of $976.57 million. Peabody Energy had a return on equity of 10.33% and a net margin of 8.75%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. Equities analysts forecast that Peabody Energy Co. will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th will be paid a $0.075 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.17%. Peabody Energy's dividend payout ratio (DPR) is 11.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BTU. XTX Topco Ltd purchased a new position in shares of Peabody Energy during the 1st quarter worth approximately $607,000. GSA Capital Partners LLP raised its holdings in Peabody Energy by 38.4% in the first quarter. GSA Capital Partners LLP now owns 52,988 shares of the coal producer's stock worth $718,000 after purchasing an additional 14,712 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Peabody Energy by 1,335.6% during the 1st quarter. Federated Hermes Inc. now owns 33,436 shares of the coal producer's stock valued at $453,000 after buying an additional 31,107 shares in the last quarter. Carrera Capital Advisors grew its holdings in Peabody Energy by 18.2% in the first quarter. Carrera Capital Advisors now owns 48,561 shares of the coal producer's stock worth $658,000 after purchasing an additional 7,478 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Peabody Energy in the 1st quarter worth about $230,000. 87.44% of the stock is owned by hedge funds and other 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.