Tesla: Can Downgrades Make Sense After A 170% Rally? Talk about overreaction! Why Is Sundial Growers (SNDL) Stock in the Spotlight Today? Following a 16% decline over last year, recent gains may please Peabody Energy Corporation (NYSE:BTU) institutional owners, Benchmark Reiterates Peabody Energy (BTU) Buy Recommendation, The Best High-Yield Dividend Stocks for 2023, view top-rated stocks among Wall Street analysts, Direxion Daily Metals & Mining Bull 2X Shares (MNM), Alpha Architect U.S. Quantitative Value ETF (QVAL), Strategas Macro Thematic Opportunities ETF (SAMT), First Trust Mid Cap Value AlphaDEX Fund (FNK). June 20, 2023|markets.businessinsider.com, Receive BTU Stock News and Ratings via Email. Only 0.09% of the stock of Peabody Energy is held by insiders. You have already added five stocks to your watchlist. Thermal Mining segments. In Q3, Peabody Energy reported a $238.4 million net loss on hedges contracted earlier for thermal coal produced at its Wambo underground mine in Australia, thanks to surging coal prices: From around $80 per metric ton at the start of the year, coal prices hit an all-time high of $269.5 per metric ton on Oct. 5. To make the world smarter, happier, and richer. Peabody Energy has a P/B Ratio of 0.96. While the new ownership structure of Wilpinjong is not perfect, it was good enough for investors to exchange their PEC notes for notes issued by entities owning the Wilpinjong mining operations. Same delusional hatred for Peabody Energy and coal. Peabody Energy (BTU) Earnings Expected to Grow: Should You Buy? In the past three months, Peabody Energy insiders have not sold or bought any company stock. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. SMART Global Holdings Momentum, Room To Move Higher? Today's Change (2.32%) $0.44 Current Price $19.42 Price as of June 6, 2023, 4:00 p.m. 326 E 8th St #105, Sioux Falls, SD 57103 Peabody Energy Corporation is near the top in its industry group according to InvestorsObserver.BTU gets an overall rating of 59. What is Glenn Kellow's approval rating as Peabody Energy's CEO? Non-personalized ads are influenced by the content youre currently viewing and your general location. contact@marketbeat.com Here are some notable numbers from Peabody Energy's third-quarter earnings report released Thursday morning: None of those numbers should have come as a surprise given that Peabody Energy had already announced preliminary Q3 numbers earlier in the month and reported in line today. Peabody Energy Corporation gets a 75 rank in the Thermal Coal industry. BTU News Today | Why did Peabody Energy stock go down today? Viking Therapeutics ' ( VKTX -13.73%) shares were down by 9.9% on heavy volume as of 11:14 a.m. There are currently no items in this Watchlist. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. After hitting all-time highs early today, coal prices in China later tumbled 8% after the state planner revealed its intention to intervene and bring down coal prices to reasonable levels, according to Reuters. 2023 The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. Join TheStreet | SMARTS today for only $1. If the holders of the $250 million credit facility forced the Australian entity into administration, it would have been highly likely the Australian equity securing the PEC's bank lender's debt would eventually have been worthless. Please log in to your account or sign up in order to add this asset to your watchlist. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Based on aggregate information from My MarketBeat watchlists, some companies that other Peabody Energy investors own include Peabody Energy (BTUUQ), Replimune Group (REPL), AbbVie (ABBV), Alibaba Group (BABA), International Business Machines (IBM), AT&T (T), Twitter (TWTR), Wells Fargo & Company (WFC) and Exxon Mobil (XOM). Wilpinjong became pretty much a standalone Australian operation and at the end of 2020 only had $32.4 million intercompany receivables and $34.4 million intercompany payables. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. Italy may host this fight of the century. Get daily stock ideas from top-performing Wall Street analysts. Looking back at BTU historical stock prices for the last five trading days, on May 25, 2023, BTU opened at $19.27, traded as high as $19.37 and as low as $18.88, and closed at $19.33. Now I need to rewrite the article -oh.well. Peabody Energy's mailing address is 701 MARKET ST, ST LOUIS MO, 63101. What is Peabody Energy's stock price today? 1125 N. Charles St, Baltimore, MD 21201. Further harming BTU stock is the coal companys revenue of $691.4 million. 3 Energy Stocks That Are Facing Major Regulatory Risks 7 Undervalued Stocks with Strong Buyback Programs More Articles Price Area Volume: Previous Close - Market Cap 3.06B PE Ratio 2.02 EPS 10.55. Get daily stock ideas from top-performing Wall Street analysts. The Energy Information Administration's weekly natural gas . Peabody Energy (NYSE: BTU) stock is taking a beating on Thursday as investors react to the company's first-quarter 2022 earnings report. Thermal coal futures prices have plunged over the last 3 weeks. So what Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Sign up to receive the latest news and ratings for BTU and its competitors with MarketBeat's FREE daily newsletter. Create a list of the investments you want to track. They have repurchased 41.5 million BTU shares at a cost of $1.34 billion or an average cost of about $32.30 per share. Why Peabody Energy (BTU) Is Down Today Peabody Energy (BTU) falls after the coal-mining company reported a 14% decline in quarterly revenue thanks to a work stoppage at two of its Australian. That may not seem to be a critical factor in valuing BTU stock, but it is. Peabody Energy reported its preliminary numbers for the third quarter yesterday, announcing its coal sales had topped $900 million to levels not seen in nearly seven quarters. Today's rise in BTU stock is actually a continuation of a rather impressive trend over the past year. Whats Happening To Energy Stocks. So far this year, though, investors have bet on coal prices. This political dispute does not seem to be going away any time soon, especially after the U.S. agreed to sell nuclear submarine technology to Australia a few weeks ago. I feel that the $710.2 million reclamation liability should be included with other long-term debt when estimating enterprise values. SA article on why I again shorted BTU is pending-waiting for SA editors. With projected increased sales, we remain poised to deliver a strong 2022.. SMART Global Holdings Momentum, Room To Move Higher? Of course, it was EBITDA and cash flow relative to a company's valuation. Peabody Energy (NYSE:BTU) Knows How To Allocate . 80.09% of the stock of Peabody Energy is held by institutions. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Nasdaq Futures 15053.25 -161.50 (-1.06%) Dow Jones Futures 33973.00 -237.00 (-0.69%) S&P 500 Futures 4388.50 -35.25 (-0.80%) EUR/USD 1.09 -0.01 (-0.57%) GBP/USD 1.27 -0.00 (-0.22%) USD/JPY 143.66 0.58 (0.41%) Bitcoin USD 30759.40 712.39 (2.37%) Crude Oil 69.50 -0.01 (-0.01%) Gold (844) 978-6257. Besides the $25.3 million initial margin, they had a $214.3 million cash variation margin requirement to back their trades on September 30. It also engages in direct and brokered trading of coal and freight-related contracts, as well as provides transportation-related services. ETFs with the largest weight of Peabody Energy (NYSE:BTU) stock in their portfolio include SPDR S&P Metals & Mining ETF (XME), Direxion Daily Metals & Mining Bull 2X Shares (MNM), Alpha Architect U.S. Quantitative Value ETF (QVAL), Cambria Value and Momentum ETF (VAMO), Strategas Macro Thematic Opportunities ETF (SAMT), Nuveen Small Cap Select ETF (NSCS), First Trust Mid Cap Value AlphaDEX Fund (FNK) and Avantis U.S. Small Cap Value ETF (AVUV). Real Money Columnist Jim Collins, a climate-change heretic, created his HOAX portfolio at the end of December. News of the E.U. Peabody Energy Stock Price Forecast. American Consumer News, LLC dba MarketBeat 2010-2023. The Graphite Shortage Story You're Not Being Told. The Midwestern U.S. includes Illinois and Indiana mining operations. Based on reports of only a few days of coal inventories in parts of China, many Peabody investors were expecting China to allow imports of thermal coal from Australia. This resulted in it suffering a $301 million charge from its hedge program during the period. It appears that they swept available cash of US$100 million from the various Australian entities to be paid by Peabody Energy Australia Pty Ltd to Wilpinjong to strengthen its capital structure. As fellow . All rights reserved. Peabody Energy Corporation (BTU) Latest Stock News & Headlines - Yahoo Finance BTU - Peabody Energy Corporation NYSE - Nasdaq Real Time Price. 2023 InvestorPlace Media, LLC. Homebuilder Stocks Steady; Can They Stay That Way? Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The Motley Fool has no position in any of the stocks mentioned. Even before this standstill agreement ends in 2025, Peabody has to face the problem of $322.7 million debt maturing in December 2024 and $443 million in debt maturing in March 2025. The consensus among Wall Street analysts is that investors should "moderate buy" BTU shares. Will Weakness in Peabody Energy Corporation's (NYSE:BTU) Stock Prove Temporary Given Strong Fundamentals? A 73-Year-Old Market Signal With 95% Accuracy Just Flashed. *Because of the complex capital structure of Peabody's Australian ownership, a "haircut" on the value of their Australian operations is prudent. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Just for illustrative purposes, the average retail price for a gallon of diesel fuel in the Rocky Mountain region increased $1.49 from a year ago according to EIA data. Making the world smarter, happier, and richer. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security. During the day the stock fluctuated from The the lowest part of the day where it was traded at $21.06 to . As of September 30, Peabody had a $238.4 million unrealised mark-to-market loss on their coal derivative contracts, which is about $1.88 loss per share using the current 126.6 million shares outstanding or $2.07 using the weighted average number of shares used to determine 3Q EPS. Real Money Columnist Jim Collins leverages his climate skepticism to log big profits. View which stocks are hot on social media with MarketBeat's trending stocks report. This suggests a possible upside of 38.3% from the stock's current price. Have Watchlists? I often trade coal companies in Indonesia, but I currently have no positions. In fact, today's 14% rally now brings this stock to fresh new multi-year highs. Get Peabody Energy News Delivered to You Automatically, Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium, See how EV demand could create new opportunities. Given the current technology, it is impossible to have a completely renewable electric power system. I put in the buybacks below $9.50 and some were hit down to $9.03. I am assuming that some traders are expecting significant increases in imports of coal from Indonesia (which requires their domestic coal miners to sell a minimum of 25% of their thermal coal production to the government's electric utility) to China after the Indonesian wet season ends and from other sources such as Russia. Glenn Kellow has an approval rating of 53% among the company's employees. They could have eliminated all their current long-term debt if they used that cash to paydown debt instead of repurchasing their stock. See what's happening in the market right now with MarketBeat's real-time news feed. Peabody Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "BTU.". Jim Grech, president and CEO of Peabody Energy, said the following about its outlook for the rest of the year. I have no business relationship with any company whose stock is mentioned in this article. Peabody Energy ( NYSE: BTU) has dropped sharply from its high last month of over $19 to currently about $12 per share and I feel it could eventually trade much lower next year. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. I/we have a beneficial short position in the shares of BTU either through stock ownership, options, or other derivatives. Looking to generate income with your stock portfolio? Their BTU share price forecasts range from $27.00 to $33.00. Get short term trading ideas from the MarketBeat Idea Engine. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. If their Australian operations ever become insolvent and "go into administration" under Australia's Corporations Act of 2001, it is highly likely that the equity of Australian entities that PEC owns will be worthless. Peabody Energy Co. (NYSE:BTU) Shares Bought by Citigroup Inc. Track outages and protect against spam, fraud, and abuse, Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services, Deliver and measure the effectiveness of ads, Show personalized content, depending on your settings, Show personalized ads, depending on your settings. I may get time today for rewrite-but it may take 2 days. This indicates that Peabody Energy will be able to sustain or increase its dividend. Select More options to see additional information, including details about managing your privacy settings. This is not how to promote a "short" thesis and maintain credibility amongst the readers here. 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Blame China. Here's the thing: If Peabody Energy is unable to turn a profit even during a surge in coal prices, what can an investor expect to see from the mining company when coal prices lose steam? To see all exchange delays and terms of use please see Barchart's disclaimer. Learn about the media coverage comparison. If you choose to Accept all, we will also use cookies and data to. World leaders agreed to a "phase down" of coal use following two weeks of tense negotiations at the COP25 climate summit in Glasgow. The big dip came . What's up with that? What's in Store for Peabody Energy (BTU) in Q1 Earnings? Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. ET Monday morning. In my career I've analyzed hundreds of Plans of Reorganizations and met dozens and dozens of their managements personally. Wall Street snapped a five-week winning streak Friday, but looks to regain its poise heading into a retail-focused week highlighted by earnings from Walmart, Target and Home Depot. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Sign up to receive the latest news and ratings for BTU and its competitors with MarketBeat's FREE daily newsletter. Should I buy or sell Peabody Energy stock right now? They raised $177.2 million cash selling 17.1 million shares before the end of 3Q 2021. Why did current management not hedge their exposure to the diesel price change? Shares of Meta Platforms ( META -3.55%) were sliding today, in line with a broad sell-off in tech stocks and after the company launched a new VR subscription service that seemed to fail to excite . You have already added five stocks to your watchlist. I plan on being completely closed out of my short sales around the "$8.00ish" price.
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