Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Indonesia, China, Vietnam, South Korea, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S. Thermal Mining segments. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; mining bituminous and sub-bituminous coal deposits; and mining metallurgical coal, such as hard coking coal, semi-hard coking coal, semi-soft coking coal, and pulverized coal injection coal. The company supplies coal primarily to electricity generators, industrial facilities, and steel manufacturers. As of December 31, 2021, it owned interests in 17 coal mining operations located in the United States and Australia; and had approximately 2.5 billion tons of proven and probable coal reserves and approximately 450,000 acres of surface property through ownership and lease agreements. The company also engages in direct and brokered trading of coal and freight-related contracts, as well as provides transportation-related services. Peabody Energy Corporation was founded in 1883 and is headquartered in St. Louis, Missouri.
Analyst Ratings Changes
A number of research firms have recently weighed in on BTU. Clarkson Capital reissued a "neutral" rating on shares of Peabody Energy in a research report on Tuesday, June 14th. Benchmark raised their price objective on Peabody Energy from $19.00 to $29.00 in a report on Monday, May 2nd. B. Riley dropped their target price on Peabody Energy from $34.00 to $33.00 and set a "buy" rating for the company in a research note on Thursday, July 7th. Finally, Jefferies Financial Group upgraded Peabody Energy from a "hold" rating to a "buy" rating and increased their target price for the stock from $25.00 to $36.00 in a research report on Tuesday, June 7th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Peabody Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.
Peabody Energy Stock Performance
Shares of NYSE:BTU opened at $23.40 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.28 and a quick ratio of 2.02. Peabody Energy has a 12 month low of $8.58 and a 12 month high of $33.29. The firm has a market capitalization of $3.37 billion, a PE ratio of 4.49 and a beta of 1.10. The business has a 50-day moving average of $21.92 and a two-hundred day moving average of $21.86.
Peabody Energy (NYSE:BTU - Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The coal producer reported $2.54 EPS for the quarter, beating the consensus estimate of $1.06 by $1.48. Peabody Energy had a net margin of 19.18% and a return on equity of 60.85%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm posted ($0.35) earnings per share. Peabody Energy's revenue for the quarter was up 82.7% compared to the same quarter last year. As a group, research analysts forecast that Peabody Energy will post 7.07 earnings per share for the current year.