Traders Purchase Large Volume of Put Options on Peabody Energy (BTU)

Peabody Energy Co. (NYSE:BTU) saw unusually large options trading activity on Monday. Traders acquired 8,011 put options on the stock. This represents an increase of 1,389% compared to the average volume of 538 put options.

Peabody Energy (NYSE BTU) opened at $39.89 on Thursday. Peabody Energy has a 52-week low of $22.58 and a 52-week high of $40.15. 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 (NYSE:BTU) last issued its quarterly earnings results on Wednesday, October 25th. The coal producer reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.14. Peabody Energy had a net margin of 4.60% and a return on equity of 19.92%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the business earned ($7.53) earnings per share. The business’s quarterly revenue was up 22.4% on a year-over-year basis. research analysts forecast that Peabody Energy will post 9.62 earnings per share for the current year.

Several research analysts recently weighed in on the stock. Jefferies Group upgraded shares of Peabody Energy to a “buy” rating and upped their price objective for the stock from $38.00 to $43.00 in a research report on Tuesday, December 5th. B. Riley restated a “buy” rating on shares of Peabody Energy in a research report on Wednesday, November 1st. FBR & Co restated a “buy” rating and issued a $37.00 price objective (up from $36.00) on shares of Peabody Energy in a research report on Wednesday, October 25th. Zacks Investment Research cut shares of Peabody Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine upgraded shares of Peabody Energy from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Peabody Energy presently has a consensus rating of “Buy” and an average target price of $37.11.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP bought a new position in Peabody Energy during the third quarter valued at approximately $788,000. Cubist Systematic Strategies LLC grew its position in Peabody Energy by 384.4% during the third quarter. Cubist Systematic Strategies LLC now owns 75,039 shares of the coal producer’s stock valued at $2,177,000 after acquiring an additional 59,548 shares during the last quarter. Mangrove Partners grew its position in Peabody Energy by 35.3% during the third quarter. Mangrove Partners now owns 957,801 shares of the coal producer’s stock valued at $27,786,000 after acquiring an additional 250,000 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Peabody Energy in the third quarter worth approximately $218,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of Peabody Energy in the third quarter worth approximately $240,000. Institutional investors and hedge funds own 95.17% of the company’s stock.

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Peabody Energy 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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