Peabody Energy (NYSE:BTU) Price Target Raised to $43.00 at B. Riley

Peabody Energy (NYSE:BTU) had its target price hoisted by B. Riley from $38.00 to $43.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the coal producer’s stock.

Other research analysts have also recently issued reports about the stock. Benchmark lifted their price objective on shares of Peabody Energy from $23.00 to $32.00 and gave the company a “buy” rating in a report on Friday, October 31st. Weiss Ratings upgraded Peabody Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Zacks Research raised Peabody Energy from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. UBS Group raised their target price on Peabody Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Jefferies Financial Group lifted their target price on Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

Peabody Energy Price Performance

Shares of BTU opened at $34.99 on Wednesday. The business’s fifty day moving average is $31.97 and its 200 day moving average is $26.40. Peabody Energy has a 12-month low of $9.61 and a 12-month high of $39.95. The company has a quick ratio of 1.49, a current ratio of 1.99 and a debt-to-equity ratio of 0.09. The stock has a market cap of $4.25 billion, a P/E ratio of -120.66 and a beta of 0.52.

Insider Buying and Selling at Peabody Energy

In related news, CAO Scott T. Jarboe sold 2,151 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $34.26, for a total value of $73,693.26. Following the sale, the chief accounting officer directly owned 82,306 shares of the company’s stock, valued at $2,819,803.56. This trade represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Peabody Energy

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its stake in Peabody Energy by 197.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 581,931 shares of the coal producer’s stock worth $16,457,000 after purchasing an additional 386,470 shares during the period. Vontobel Holding Ltd. bought a new position in Peabody Energy in the third quarter valued at about $1,830,000. Bayforest Capital Ltd increased its holdings in Peabody Energy by 225.2% during the second quarter. Bayforest Capital Ltd now owns 33,686 shares of the coal producer’s stock valued at $452,000 after buying an additional 23,327 shares during the last quarter. Gate City Capital Management LLC purchased a new stake in shares of Peabody Energy in the second quarter worth $8,645,000. Finally, LSV Asset Management lifted its position in shares of Peabody Energy by 11.0% in the second quarter. LSV Asset Management now owns 583,539 shares of the coal producer’s stock valued at $7,831,000 after acquiring an additional 57,900 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Peabody Energy Company Profile

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.