2 times Within The Past Five Days, Peabody Energy Corporation (BTU) Hit A New High


Peabody Energy Corporation (NYSE:BTU) finished Thursday with an addition of $0.23 to close at $26.82, an upside of 0.86 percent. An average of 3,782,000 shares of common stock have been traded in the last five days. There was a fall of -$2.04 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 3,243,075 shares traded, while the 50-day average volume stands at 4,606,574.

BTU stock has decreased by -16.08% in the last month. The company shares reached their 1-month lowest point of $25.85 on 12/28/22. With the stock rallying to its 52-week high on 04/18/22, shares of the company touched a low of $9.83 and a high of $33.29 in 52 weeks. It has reached a new high 19 times so far this year and achieved 166.34% or $16.75 in price. In spite of this, the price is down -19.44% from the 52-week high.

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Insider Transactions

BTU stock investors should be aware that Peabody Energy Corporation (BTU) stock had its last reported insider trading activity 10 days ago on Dec 20. In this transaction, the insider spent $12,286,750. 10% Owner, Elliott Investment Management , disposed of 741,120 shares at a price of $28.71 on Dec 19. The insider now owns more than $21,277,555 worth of shares. Prior to that, 10% Owner Elliott Investment Management went on to Sale 541,119 shares at $28.57 each on Dec 16. An amount of $15,459,770 was transacted.

Valuation Metrics

Peabody Energy Corporation (BTU) has a trailing price-to-earnings (P/E) ratio of 3.44. The stock’s beta is 1.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.82, the price-to-book (PB) ratio at 1.48, and the price-to-cash flow ratio at 4.89.

Financial Health

The quick ratio of Peabody Energy Corporation for the three months ended September 29 was 1.60, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.12 and a total debt to equity ratio of 0.33 for the quarter ending September 29. Its gross profit as reported stood at $765.2 million compared to revenue of $3.32 billion.

Earnings Surprise

For the three-month period that ended September 29, Peabody Energy Corporation had $322.3 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $375.1 million in the quarter, while revenues were grew 111.78%. The analyst consensus anticipated Peabody Energy Corporation’s latest quarter earnings to come in at $1.86 per share, but it turned out to be $2.33, a 25.30% surprise. For the quarter, EBITDA amounted to $501.2 million. Shareholders own equity worth $143.9 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Peabody Energy Corporation (BTU) price momentum. RSI 9-day as of the close on 29 December was 33.34%, suggesting the stock is Neutral, with historical volatility in this time frame at 53.08%.

As of today, BTU’s price is $28.25 -7.07% or -$2.04 from its 5-day moving average. BTU is currently trading -16.03% lower than its 20-day SMA and +39.54% higher than its 100-day SMA. However, the stock’s current price level is +0.94% above the SMA50 and +26.99% above the SMA200.

The stochastic %K and %D were 35.69% and 52.28%, respectively, and the average true range (ATR) was 1.43. With the 14-day stochastic at 22.24% and the average true range at 1.48, the RSI (14) stands at 40.46%. The stock has reached -0.82 on the 9-day MACD Oscillator while the 14-day reading was at -0.81.

Analyst Ratings

Jefferies upgraded Peabody Energy Corporation (NYSE: BTU) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Peabody Energy Corporation (BTU) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BTU, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is BTU’s price target for the next 12 months?

Analysts predict a range of price targets between $27.00 and $37.00, with a median target of $31.00. Taking a look at these predictions, the average price target given by analysts for Peabody Energy Corporation (BTU) stock is $32.40.


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