Were Analysts Bearish Peabody Energy Corporation (NYSE:BTU) This Week?

Levin now forecasts that the coal producer will post earnings of $0.56 per share for the year, down from their previous estimate of $0.64.

February 18 investment analysts at Barclays maintained a stock rating of "Underweight" and moved down the price target from $7.00 to $1.00. FBR & Co began coverage on shares of Peabody Energy Corporation in a research report on Thursday, March 30th.

Peabody Energy Corporation (NYSE:BTU) issued its earnings results on Tuesday, August 1st. Analysts expect next quarter's EPS to be $0.91 with next year's EPS anticipated to be $2.22. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. The company's revenue was up 21.0% compared to the same quarter a year ago.

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BTU has been the topic of a number of recent analyst reports. On February 17 the company was rated "Neutral" according to a Stifel Nicolaus report which was a cut from the previous "Buy" rating. Stifel Nicolaus reaffirmed a "hold" rating and issued a $29.00 price objective on shares of Peabody Energy Corporation in a report on Wednesday, April 19th. The brokerage now has a $32.00 target price on the coal producer's stock, up from their prior target price of $30.00. Zacks Investment Research upgraded Peabody Energy Corporation from a "sell" rating to a "hold" rating in a research note on Wednesday, July 26th.

On February 17 the company was changed to a "Neutral" by Sterne Agee CRT down from the previous "Buy" rating.

The stock of Peabody Energy Corporation (NYSE:BTU) registered an increase of 1.97% in short interest. They now have a United States dollars 2 price target on the stock. Peabody Energy Corporation has a 1-year low of $22.58 and a 1-year high of $32.50.

The stock is trading at $28.42 which is marginally over $25.48, the 50 day moving average and a tad above the 200 day moving average of $25.18.

A number of other institutional investors have also modified their holdings of the company. Finally, Strs Ohio acquired a new position in shares of Peabody Energy Corporation during the second quarter valued at about $933,000. Alliancebernstein L.P. acquired a new stake in shares of Peabody Energy Corporation during the second quarter valued at $43,211,000. Pacific Heights Asset Management LLC purchased a new stake in Peabody Energy Corporation during the second quarter valued at $295,000.

In other news, insider Glenn L. Kellow acquired 8,520 shares of the firm's stock in a transaction on Monday, May 22nd. The stock was purchased at an average price of $23.40 per share, with a total value of $220,615.20. Following the completion of the transaction, the insider now directly owns 689,410 shares in the company, valued at approximately $16,194,240.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Associates L.P. Elliott acquired 9,428 shares of the stock in a transaction on Thursday, May 25th. The stock presently has an average rating of "Buy" and an average price target of $35.57. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 331,939 shares of company stock worth $8,130,854. Insiders have acquired a total of 1,668,144 shares of company stock worth $40,253,222 over the last three months.

04/26/2017 - MKM Partners began new coverage on Peabody Energy Corporation giving the company a " rating.

The company is so far trading down since yesterday's close of $28.73.