Peabody Energy (BTU) in Focus: Stock Gains 9.6% in Session - Tale of the Tape
Peabody Energy Corporation (BTU) was a big mover last session, as the company saw its shares rise roughly 10% on the day. Shares moved up after the Supreme Court ruled that the Environmental Protection Agency must consider the financial impact to a company while imposing regulations over public health concerns. Per reports, Peabody Energy was one of the many companies opposing the EPA rule. This led to solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 19.03% in the past one-month time frame.
This coal industry stock witnessed one negative estimate revision over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Peabody Energy has a Zacks Rank #4 (Sell), while its Earnings ESP is negative.
However, a better-ranked stock in the same space is Rhino Resource Partners LP (RNO), carrying a Zacks Rank #2 (Buy).
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PEABODY ENERGY (BTU): Free Stock Analysis Report
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