B. Riley Boosts Peabody Energy (NYSE:BTU) Price Target to $32.00

Peabody Energy (NYSE:BTU) had its price target raised by B. Riley from $31.00 to $32.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the coal producer’s stock. B. Riley’s price objective would suggest a potential upside of 45.26% from the stock’s current price. B. Riley also issued estimates for Peabody Energy’s Q3 2024 earnings at $0.76 EPS, Q1 2026 earnings at $0.95 EPS, Q2 2026 earnings at $93.00 EPS and FY2026 earnings at $3.77 EPS.

Several other research analysts have also commented on BTU. BMO Capital Markets cut their price target on Peabody Energy from $25.00 to $24.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. Benchmark reaffirmed a “buy” rating and issued a $28.00 target price on shares of Peabody Energy in a report on Friday, May 3rd.

Peabody Energy Price Performance

Shares of NYSE:BTU opened at $22.03 on Friday. Peabody Energy has a 12 month low of $21.06 and a 12 month high of $27.24. The firm has a market capitalization of $2.80 billion, a P/E ratio of 6.14 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.49 and a quick ratio of 1.86. The company’s fifty day moving average price is $22.94 and its 200 day moving average price is $23.84.

Peabody Energy (NYSE:BTU) last posted its earnings results on Thursday, May 2nd. The coal producer reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. Peabody Energy had a return on equity of 15.35% and a net margin of 12.69%. The business had revenue of $983.60 million for the quarter, compared to analysts’ expectations of $980.03 million. During the same quarter in the previous year, the firm earned $1.69 earnings per share. The business’s revenue was down 27.9% compared to the same quarter last year. As a group, sell-side analysts predict that Peabody Energy will post 2.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BTU. Privium Fund Management UK Ltd increased its stake in shares of Peabody Energy by 300.0% during the second quarter. Privium Fund Management UK Ltd now owns 53,813 shares of the coal producer’s stock worth $1,264,000 after acquiring an additional 40,361 shares during the period. Rhumbline Advisers increased its position in Peabody Energy by 5.0% during the 2nd quarter. Rhumbline Advisers now owns 313,499 shares of the coal producer’s stock worth $6,935,000 after purchasing an additional 14,806 shares during the period. Privium Fund Management B.V. raised its stake in shares of Peabody Energy by 41.9% during the 2nd quarter. Privium Fund Management B.V. now owns 15,240 shares of the coal producer’s stock worth $358,000 after buying an additional 4,500 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Peabody Energy in the 2nd quarter valued at approximately $151,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Peabody Energy in the second quarter valued at approximately $364,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.