Traders Buy High Volume of Put Options on Peabody Energy (BTU)

Peabody Energy Co. (NYSE:BTU) saw some unusual options trading activity on Monday. Traders purchased 2,179 put options on the company. This represents an increase of approximately 626% compared to the typical volume of 300 put options.

Peabody Energy (NYSE:BTU) opened at $38.71 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.75 and a debt-to-equity ratio of 0.60. Peabody Energy has a 1 year low of $22.58 and a 1 year high of $39.15.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Wednesday, October 25th. The coal producer reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.14. Peabody Energy had a net margin of 4.60% and a return on equity of 19.92%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company posted ($7.53) EPS. Peabody Energy’s revenue was up 22.4% on a year-over-year basis. sell-side analysts expect that Peabody Energy will post 9.62 EPS for the current fiscal year.

BTU has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Peabody Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. ValuEngine cut shares of Peabody Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Jefferies Group began coverage on shares of Peabody Energy in a research report on Tuesday, November 14th. They issued a “buy” rating and a $38.00 price objective for the company. MKM Partners restated a “buy” rating on shares of Peabody Energy in a research report on Tuesday, September 12th. Finally, FBR & Co set a $35.00 price objective on shares of Peabody Energy and gave the stock a “buy” rating in a research report on Monday, September 11th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $37.11.

A number of hedge funds have recently bought and sold shares of BTU. Discovery Capital Management LLC CT acquired a new stake in Peabody Energy during the 2nd quarter worth $535,982,000. Elliott Management Corp acquired a new stake in Peabody Energy during the 2nd quarter worth $518,196,000. PointState Capital LP acquired a new stake in Peabody Energy during the 2nd quarter worth $148,105,000. Vanguard Group Inc. acquired a new stake in Peabody Energy during the 2nd quarter worth $142,007,000. Finally, BlackRock Inc. acquired a new stake in Peabody Energy during the 2nd quarter worth $91,395,000. Hedge funds and other institutional investors own 95.17% of the company’s stock.

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About Peabody Energy

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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