Peabody Energy (NYSE:BTU) Stock Price Up 6.4% - Still a Buy?

Key Points

• Peabody Energy's stock price increased by 6.4% during mid-day trading, reaching a last traded price of $35.57.
• Wall Street analysts have mixed ratings on Peabody Energy, with four analysts rating it as a Buy and two as Hold, resulting in a consensus rating of "Moderate Buy".
• The company recently reported a quarterly revenue of $890.1 million, missing expectations, and a net margin of 3.43%.

Peabody Energy Corporation (NYSE:BTU - Get Free Report) rose 6.4% during mid-day trading on Tuesday . The stock traded as high as $35.50 and last traded at $35.57. Approximately 2,720,625 shares traded hands during trading, a decline of 44% from the average daily volume of 4,880,955 shares. The stock had previously closed at $33.42.

Wall Street Analyst Weigh In

BTU has been the subject of several research reports. Wall Street Zen raised shares of Peabody Energy from a "sell" rating to a "hold" rating in a research note on Friday, October 3rd. B. Riley upped their price objective on shares of Peabody Energy from $18.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Peabody Energy in a research note on Wednesday, October 8th. Finally, UBS Group upped their price objective on shares of Peabody Energy from $17.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.20.

Peabody Energy Price Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 2.21. The stock has a market cap of $4.32 billion, a PE ratio of 34.62 and a beta of 0.67. The stock's 50-day moving average is $21.34 and its two-hundred day moving average is $16.44.

Peabody Energy (NYSE:BTU - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The coal producer reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). The company had revenue of $890.10 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.42 EPS. On average, equities analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were issued a dividend of $0.075 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.30 dividend on an annualized basis and a yield of 0.8%. Peabody Energy's dividend payout ratio is 29.13%.

Institutional Investors Weigh In On Peabody Energy

A number of hedge funds have recently added to or reduced their stakes in BTU. Smartleaf Asset Management LLC lifted its holdings in Peabody Energy by 104.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer's stock worth $25,000 after buying an additional 1,024 shares in the last quarter. Allworth Financial LP lifted its holdings in Peabody Energy by 315.0% during the 1st quarter. Allworth Financial LP now owns 2,125 shares of the coal producer's stock worth $27,000 after buying an additional 1,613 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in 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. Signaturefd LLC lifted its holdings in Peabody Energy by 48.5% during the 2nd quarter. Signaturefd LLC now owns 2,353 shares of the coal producer's stock worth $32,000 after buying an additional 768 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Peabody Energy during the 2nd quarter worth approximately $34,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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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