Could Peabody Energy Corporation (BTU) Skyrocket Even More? The Stock Just Made 52-Week High

May 23, 2018 - By Henry Gaston

Peabody Energy Corporation (NYSE:BTU) Logo

The stock of Peabody Energy Corporation (NYSE:BTU) hit a new 52-week high and has $42.91 target or 6.00 % above today’s $40.48 share price. The 8 months bullish chart indicates low risk for the $5.08B company. The 1-year high was reported on May, 23 by If the $42.91 price target is reached, the company will be worth $304.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.15% or $0.47 during the last trading session, reaching $40.48. About 191,170 shares traded. Peabody Energy Corporation (NYSE:BTU) has 0.00% since May 23, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Peabody Energy Corporation (NYSE:BTU) to report earnings on August, 7. They expect $1.03 EPS, up 672.22 % or $1.21 from last year’s $-0.18 per share. BTU’s profit will be $129.26M for 9.83 P/E if the $1.03 EPS becomes a reality. After $0.83 actual EPS reported by Peabody Energy Corporation for the previous quarter, Wall Street now forecasts 24.10 % EPS growth.

Peabody Energy Corporation (NYSE:BTU) Ratings Coverage

Among 4 analysts covering Peabody Energy Corporation Comm (NYSE:BTU), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Peabody Energy Corporation Comm had 5 analyst reports since January 16, 2018 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, January 16. FBR Capital maintained Peabody Energy Corporation (NYSE:BTU) on Monday, April 2 with “Buy” rating. JP Morgan maintained the stock with “Overweight” rating in Friday, March 16 report. The stock of Peabody Energy Corporation (NYSE:BTU) has “Buy” rating given on Monday, January 22 by Seaport Global.

Another recent and important Peabody Energy Corporation (NYSE:BTU) news was published by which published an article titled: “Highlights from Appaloosa’s Q1” on May 15, 2018.

Peabody Energy Corporation Peabody engages in coal mining business. The company has market cap of $5.08 billion. The firm operates through six operating divisions: Powder River Basin Mining, Midwestern U.S. It has a 12.97 P/E ratio. Mining, Western U.S.

Peabody Energy Corporation (NYSE:BTU) Ratings Chart

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