Peabody Energy (NYSE:BTU) PT Raised to $32.00 at B. Riley

Peabody Energy (NYSE:BTU) had its target price upped by equities researchers at B. Riley from $31.00 to $32.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the coal producer’s stock. B. Riley’s target price would suggest a potential upside of 45.26% from the company’s previous close. B. Riley also issued estimates for Peabody Energy’s Q3 2024 earnings at $0.76 EPS, Q1 2026 earnings at $0.95 EPS, Q2 2026 earnings at $93.00 EPS and FY2026 earnings at $3.77 EPS.

A number of other research analysts have also issued reports on the stock. Benchmark restated a “buy” rating and set a $28.00 price target on shares of Peabody Energy in a research note on Friday, May 3rd. BMO Capital Markets cut their target price on Peabody Energy from $25.00 to $24.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd.

Peabody Energy Stock Performance

BTU stock opened at $22.03 on Friday. Peabody Energy has a one year low of $21.06 and a one year high of $27.24. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 6.14 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.86 and a current ratio of 2.49. The firm has a 50-day simple moving average of $22.94 and a two-hundred day simple moving average of $23.84.

Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, May 2nd. The coal producer reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $983.60 million during the quarter, compared to the consensus estimate of $980.03 million. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%. Peabody Energy’s revenue was down 27.9% compared to the same quarter last year. During the same period last year, the firm earned $1.69 earnings per share. On average, equities analysts forecast that Peabody Energy will post 2.51 EPS for the current fiscal year.

Institutional Trading of Peabody Energy

Several large investors have recently made changes to their positions in BTU. SG Americas Securities LLC grew its holdings in Peabody Energy by 47.5% during the fourth quarter. SG Americas Securities LLC now owns 10,306 shares of the coal producer’s stock worth $251,000 after acquiring an additional 3,321 shares during the period. Stratos Wealth Advisors LLC grew its stake in shares of Peabody Energy by 3.0% during the 4th quarter. Stratos Wealth Advisors LLC now owns 51,912 shares of the coal producer’s stock worth $1,263,000 after purchasing an additional 1,498 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Peabody Energy by 2.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,675 shares of the coal producer’s stock valued at $1,378,000 after purchasing an additional 1,150 shares in the last quarter. Krilogy Financial LLC acquired a new position in shares of Peabody Energy in the 4th quarter valued at $243,000. Finally, Perigon Wealth Management LLC acquired a new position in shares of Peabody Energy in the 4th quarter valued at $277,000. 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.