Is Peabody Energy Corp. (NYSE: BTU) Proving The Doubters Wrong?

Peabody Energy Corp. (BTU) concluded trading on Wednesday at a closing price of $25.15, with 3.41 million shares of worth about $85.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.33% during that period and on March 13, 2024 the price saw a loss of about -0.44%. Currently the company’s common shares owned by public are about 128.70M shares, out of which, 127.55M shares are available for trading.

Stock saw a price change of -3.82% in past 5 days and over the past one month there was a price change of 0.08%. Year-to-date (YTD), BTU shares are showing a performance of 3.41% which increased to 1.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.71 but also hit the highest price of $27.70 during that period. The average intraday trading volume for Peabody Energy Corp. shares is 3.94 million. The stock is currently trading -0.15% below its 20-day simple moving average (SMA20), while that difference is down -0.85% for SMA50 and it goes to 7.63% higher than SMA200.

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Peabody Energy Corp. (NYSE: BTU) currently have 128.70M outstanding shares and institutions hold larger chunk of about 81.71% of that.

The stock has a current market capitalization of $3.23B and its 3Y-monthly beta is at 1.00. PE ratio of stock for trailing 12 months is 5.06, while it has posted earnings per share of $4.97 in the same period. It has Quick Ratio of 1.70 while making debt-to-equity ratio of 0.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BTU, volatility over the week remained 3.31% while standing at 2.55% over the month.

Analysts are in expectations that Peabody Energy Corp. (BTU) stock would likely to be making an EPS of $0.91 in the current quarter, while forecast for next quarter EPS is $1.08 and it is $2.88 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.66 which is $1.31 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.68 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -20.30% while it is estimated to decrease by -27.79% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on June 07, 2022 offering a Buy rating for the stock and assigned a target price range of between $25 and $36 to it. Coverage by The Benchmark Company stated Peabody Energy Corp. (BTU) stock as a Buy in their note to investors on October 29, 2021, suggesting a price target of $16 for the stock. On October 04, 2021, B. Riley Securities Upgrade their recommendations, while on August 07, 2020, Vertical Research Downgrade their ratings for the stock with a price target of $3. Stock get a Neutral rating from Clarksons Platou on May 07, 2020.

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