B. Riley Lowers Peabody Energy (NYSE:BTU) Price Target to $32.00

Peabody Energy (NYSE:BTU) had its price target decreased by B. Riley from $34.00 to $32.00 in a research note released on Monday, Benzinga reports. B. Riley currently has a buy rating on the coal producer’s stock. B. Riley also issued estimates for Peabody Energy’s Q1 2024 earnings at $0.30 EPS, Q2 2024 earnings at $0.71 EPS, Q3 2024 earnings at $0.83 EPS, Q4 2024 earnings at $0.86 EPS, FY2024 earnings at $2.70 EPS, FY2025 earnings at $2.58 EPS and FY2026 earnings at $4.11 EPS.

Separately, Benchmark reissued a buy rating and issued a $28.00 target price on shares of Peabody Energy in a research report on Friday, April 12th.

Peabody Energy Stock Up 0.2 %

Shares of Peabody Energy stock opened at $24.09 on Monday. The business’s 50 day simple moving average is $24.51 and its 200 day simple moving average is $24.52. Peabody Energy has a 52-week low of $17.71 and a 52-week high of $27.24. The firm has a market cap of $3.07 billion, a PE ratio of 4.84 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.06.

Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, February 8th. The coal producer reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.08). Peabody Energy had a net margin of 15.36% and a return on equity of 21.45%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business posted $2.65 EPS. The firm’s quarterly revenue was down 24.1% compared to the same quarter last year. On average, analysts predict that Peabody Energy will post 3.66 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 22nd were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.30 dividend on an annualized basis and a yield of 1.25%. Peabody Energy’s dividend payout ratio is 6.02%.

Insider Buying and Selling at Peabody Energy

In other Peabody Energy news, CFO Mark Spurbeck sold 6,826 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total value of $167,714.82. Following the completion of the transaction, the chief financial officer now directly owns 75,464 shares in the company, valued at $1,854,150.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Nicholas J. Chirekos sold 14,000 shares of Peabody Energy stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $25.50, for a total transaction of $357,000.00. Following the completion of the transaction, the director now directly owns 24,279 shares in the company, valued at approximately $619,114.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Spurbeck sold 6,826 shares of Peabody Energy stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total value of $167,714.82. Following the transaction, the chief financial officer now owns 75,464 shares of the company’s stock, valued at $1,854,150.48. The disclosure for this sale can be found here. Insiders sold a total of 52,806 shares of company stock worth $1,339,565 over the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BTU. Harbour Investments Inc. boosted its stake in shares of Peabody Energy by 323.1% during the 4th quarter. Harbour Investments Inc. now owns 1,100 shares of the coal producer’s stock worth $29,000 after acquiring an additional 840 shares during the period. Main Street Group LTD bought a new stake in Peabody Energy in the 4th quarter valued at $29,000. Financial Management Professionals Inc. bought a new stake in Peabody Energy in the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its stake in Peabody Energy by 84.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer’s stock valued at $32,000 after purchasing an additional 568 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in Peabody Energy in the 2nd quarter valued at $33,000. 87.44% of the stock is currently owned by 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.