News headlines about Peabody Energy Corporation (NYSE:BTU) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Peabody Energy Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media coverage about the coal producer an impact score of 46.0750259462663 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Peabody Energy (BTU) Prices 12.8M Share Secondary Offering, Valued at ~ $40M (streetinsider.com)
- Peabody Announces That The Secondary Offering By Certain Selling Stockholders Has Been Priced (finance.yahoo.com)
- Coal-Miner Peabody’s Secondary Offering Costs the Company $40 Million (finance.yahoo.com)
- Peabody Energy (BTU) Launches 12.8M Secondary Offering and Repurchase of Common Stock (streetinsider.com)
- Peabody Announces Launch Of Secondary Offering By Certain Selling Stockholders, Repurchase Of Common Stock – GuruFocus.com (gurufocus.com)
Peabody Energy Corporation (NYSE:BTU) opened at 27.21 on Friday. The firm’s market capitalization is $2.73 billion. The firm has a 50-day moving average price of $26.40 and a 200-day moving average price of $25.40. Peabody Energy Corporation has a one year low of $22.58 and a one year high of $32.50.
Peabody Energy Corporation (NYSE:BTU) last released its earnings results on Tuesday, August 1st. The coal producer reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by $1.07. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. Peabody Energy Corporation’s quarterly revenue was up 21.0% compared to the same quarter last year. Analysts expect that Peabody Energy Corporation will post $5.56 EPS for the current year.
BTU has been the topic of a number of analyst reports. Seaport Global Securities upgraded Peabody Energy Corporation from a “neutral” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Monday, April 24th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $35.00 price objective on shares of Peabody Energy Corporation in a research note on Wednesday, April 26th. MKM Partners assumed coverage on Peabody Energy Corporation in a research note on Thursday, April 27th. They set a “buy” rating and a $53.00 price objective on the stock. FBR & Co reissued a “buy” rating on shares of Peabody Energy Corporation in a report on Sunday, May 7th. Finally, Stifel Nicolaus decreased their target price on Peabody Energy Corporation from $29.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, May 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Peabody Energy Corporation presently has an average rating of “Buy” and a consensus target price of $35.57.
In related news, major shareholder Associates L.P. Elliott purchased 9,428 shares of Peabody Energy Corporation stock in a transaction dated Thursday, May 25th. The stock was bought at an average cost of $23.40 per share, for a total transaction of $220,615.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Glenn L. Kellow purchased 8,520 shares of Peabody Energy Corporation stock in a transaction dated Monday, May 22nd. The stock was bought at an average price of $23.49 per share, with a total value of $200,134.80. Following the completion of the transaction, the insider now owns 689,410 shares of the company’s stock, valued at approximately $16,194,240.90. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 41,993 shares of company stock valued at $985,567. 1.27% of the stock is owned by company insiders.
Peabody Energy Corporation Company Profile
Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.
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