MKM Partners Trims Peabody Energy (BTU) Target Price to $40.00

Peabody Energy (NYSE:BTU) had its target price decreased by MKM Partners from $44.00 to $40.00 in a research note issued to investors on Wednesday, April 10th, The Fly reports. MKM Partners currently has a buy rating on the coal producer’s stock.

A number of other research analysts have also recently issued reports on BTU. Zacks Investment Research cut shares of Peabody Energy from a hold rating to a sell rating in a research report on Wednesday, December 12th. BMO Capital Markets assumed coverage on shares of Peabody Energy in a research report on Wednesday, March 20th. They set a market perform rating and a $34.00 price target for the company. Deutsche Bank assumed coverage on shares of Peabody Energy in a research report on Sunday, March 31st. They set a buy rating and a $33.00 price target for the company. Credit Suisse Group assumed coverage on shares of Peabody Energy in a research report on Wednesday, March 20th. They set an outperform rating and a $42.00 price target for the company. Finally, Clarkson Capital raised shares of Peabody Energy from a neutral rating to a buy rating in a research report on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $37.50.

Shares of NYSE:BTU traded up $1.42 on Wednesday, hitting $29.01. The company had a trading volume of 712,792 shares, compared to its average volume of 848,229. Peabody Energy has a 1 year low of $26.61 and a 1 year high of $47.84. The company has a current ratio of 1.85, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 9.21 and a beta of 0.61.

Peabody Energy (NYSE:BTU) last posted its earnings results on Wednesday, May 1st. The coal producer reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.65. Peabody Energy had a net margin of 11.73% and a return on equity of 14.57%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the company posted $0.83 EPS. The company’s quarterly revenue was down 14.5% compared to the same quarter last year. Equities analysts forecast that Peabody Energy will post 1.92 EPS for the current fiscal year.

In other Peabody Energy news, EVP A. Verona Dorch sold 33,527 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $27.98, for a total transaction of $938,085.46. Following the completion of the sale, the executive vice president now directly owns 77,289 shares in the company, valued at approximately $2,162,546.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider George John Schuller, Jr. sold 2,372 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $29.73, for a total transaction of $70,519.56. Following the sale, the insider now owns 65,173 shares of the company’s stock, valued at $1,937,593.29. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,979 shares of company stock valued at $1,663,697. 0.75% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY increased its stake in Peabody Energy by 363.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 24,563 shares of the coal producer’s stock valued at $749,000 after purchasing an additional 19,263 shares in the last quarter. Kepos Capital LP bought a new stake in shares of Peabody Energy in the third quarter worth approximately $2,455,000. Packer & Co Ltd grew its stake in shares of Peabody Energy by 48.9% in the fourth quarter. Packer & Co Ltd now owns 1,239,800 shares of the coal producer’s stock worth $29,218,000 after acquiring an additional 407,200 shares during the period. Federated Investors Inc. PA grew its stake in shares of Peabody Energy by 537.8% in the third quarter. Federated Investors Inc. PA now owns 116,895 shares of the coal producer’s stock worth $4,166,000 after acquiring an additional 98,566 shares during the period. Finally, Mackenzie Financial Corp grew its stake in shares of Peabody Energy by 7.4% in the third quarter. Mackenzie Financial Corp now owns 76,465 shares of the coal producer’s stock worth $2,725,000 after acquiring an additional 5,280 shares during the period.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business. The company operates through Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other 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.

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