Shares are trading at $26.37 slightly over $24.01, the 50 day moving average and which is slightly above the 200 day moving average of $24.83. The 50 day moving average was up $2.36 and the 200 day average went up by +6.21%. 0 shares changed hands in the last trading session. Trading volume was down 0.00% under the stocks average daily volume.
On February 18 Barclays made no change to the company rating of “Underweight” and moved down the price target to $1.00 from $7.00. On February 17 the company was rated “Neutral” in a report from Stifel Nicolaus which was a cut from the previous “Buy” rating.
On February 17 the company was downgraded from “Buy” to “Neutral” in an announcement from Sterne Agee CRT. On February 16, 2016 the stock rating was changed to a “Underweight” by UBS which is down from the previous “Hold” rating.
On February 4 the stock rating was downgraded to “Underperform” from “Market Perform” in a report from FBR Capital. On January 12 the stock rating was downgraded from “Hold” to “Underperform” in a statement from Jefferies.
The company is trading up since yesterday’s close of $25.88. As of the latest earnings report the EPS was $-24.80 and is estimated to be $5.02 for the current year with 97,199,000 shares outstanding. Next quarter’s EPS is expected be $1.06 and the next full year EPS is projected to be $2.39.
Peabody Energy Corporation, launched on February 27, 1998, is a coal company. The Company is involved in the mining of thermal coal for sale primarily to electric utilities and metallurgical coal for sale to industrial customers. The Business’s mining operations are located in the United States and Australia, including an equity-affiliate mining operation in Australia. The Company operates through six operating segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining and Trading and Brokerage. The Company also markets and brokers coal from other coal producers, both as principal and agent, and trades coal and freight-related contracts through trading and business offices in Australia, China, Germany, India, Indonesia, the United Kingdom and the United States. The Business’s other energy-related commercial activities include participating in operations of a mine-mouth coal-fueled generating plant, managing its coal reserve and real estate holdings, evaluating Btu Conversion projects and supporting the development of clean coal technologies. As of December 31, 2016, the Company owned interests in 23 coal mining operations located in the United States and Australia..