|Bid||15.45 x 800|
|Ask||15.51 x 3000|
|Day's Range||15.32 - 16.91|
|52 Week Range||15.32 - 42.54|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||3.63|
|Forward Dividend & Yield||0.58 (3.41%)|
|1y Target Est||25.50|
Shares of Peabody Energy Corp. sank 8.1% toward a record low in afternoon trading Friday, after the coal miner said a terminated its cash tender offers to buy back debt, saying the markets didn't cooperate. "The company noted that, at this particular time, the debt markets do no accommodate a path toward completing the offers and achieving the company's refinancing objectives in an economic fashion," Peabody said in a statement late Wednesday. "The company intends to pursue alternative means to accomplish its longer-term objectives in a manner that adds value to the enterprise." Earlier this week, the company said it completed an upsizing of its revolving credit facility, to help enable the pending Arch Coal Inc. joint venture. On Friday, Peabody "confirmed its commitment" to the Arch Coal JV, saying it continues to progress through the regulatory approval process. Arch Coal's stock dropped 5.2% toward the lowest close since Oct. 30, 2017. Year to date, Peabody shares have slumped 48.7% and Arch Coal's stock has lost 13.2%, while the S&P 500 has gained 19.3%.
ST. LOUIS, Sept. 20, 2019 /PRNewswire/ -- Peabody (BTU) today confirmed its commitment to the pending PRB/Colorado JV with Arch Coal, which continues to progress through the regulatory approval process. The company looks forward to continuing to take the steps needed to advance the highly accretive transaction in a timely and effective manner to add value to the enterprise. This press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts.
ST. LOUIS, Sept. 19, 2019 /PRNewswire/ -- Peabody (BTU) announced today that it has concluded its current refinancing activities. As part of these actions, the company has terminated its previously announced cash tender offers (the "Offers") to purchase (i) any and all of its $500,000,000 in outstanding aggregate principal amount of 6.000% Senior Secured Notes due 2022 (the "2022 Notes") and (ii) any and all of its $500,000,000 in outstanding aggregate principal amount of 6.375% Senior Secured Notes due 2025 (the "2025 Notes" and, together with the 2022 Notes, the "Notes"). The company noted that, at this particular time, the debt markets do not accommodate a path toward completing the offers and achieving the company's refinancing objectives in an economic fashion.
ST. LOUIS, Sept. 17, 2019 /PRNewswire/ -- Peabody (BTU) announced today that it successfully completed an upsizing of its revolving credit facility with additional commitments of $215 million (aggregate facility size of $565 million) and extended the maturity date for $540 million of the facility to 2023 as part of a comprehensive refinancing initiative. Additionally, the credit facility was amended to permit the company's pending PRB/Colorado joint venture with Arch Coal, Inc. The company's revolving credit facility will bear interest at a rate determined by a pricing grid based on first lien leverage, and the financial covenant is unchanged. This press release contains forward-looking statements within the meaning of the securities laws.
Moody's Investors Service ("Moody's") assigned a Ba3 rating to Peabody Energy Corporation's ("Peabody") proposed $900 million Senior Secured Notes. Proceeds from the offering, combined with funds from existing cash balances, will be used to repurchase and redeem approximately $1 billion of senior secured notes being tendered by the company. "Peabody's revised deal structure will lower debt balances by about $100 million, extend debt maturities, and pave the way for the proposed joint venture with Arch Coal," said Ben Nelson, Moody's Vice President -- Senior Credit Officer and lead analyst for Peabody Energy Corporation.
ST. LOUIS , Sept. 16, 2019 /PRNewswire/ -- Peabody (NYSE: BTU) announced today that it intends, subject to market and other conditions, to offer and sell to eligible purchasers $900 million of senior secured ...
ST. LOUIS , Sept. 11, 2019 /PRNewswire/ -- Peabody (NYSE: BTU) announced today that, as of 5:00 p.m. , New York City time, on September 11, 2019 (the " Consent Payment Deadline "), as reported ...
Today we'll evaluate Peabody Energy Corporation (NYSE:BTU) to determine whether it could have potential as an...
Moody's Investors Service ("Moody's") affirmed Peabody Energy Corporation's ("Peabody") Ba3 Corporate Family Rating ("CFR"), assigned Ba3 ratings to the company's proposed $1.5 billion senior secured credit facilities, and assigned a B2 rating to the company's proposed $500 million senior unsecured notes. Proceeds from the proposed $900 million term loan and $500 million notes will be used to help refinance existing secured debt.
The nation's largest coal company cited a number of factors pushing down sales and earnings in the third quarter, including a mining venture that has proven more challenging than anticipated.
Coal producer Peabody Energy Corp said on Thursday it expected third-quarter earnings to be lower than the second quarter due to lower demand and prices as well as a delay in ramping up production at its Queensland mine in Australia. Peabody's warning comes just months after the company said it expects progressive rise in both seaborne thermal and metallurgical coal volumes in the second half of the year.
Peabody is pursuing the Offers, subject to market conditions and other factors, as part of a refinancing initiative to accommodate the pending PRB/Colorado joint venture with Arch Coal. Additionally, the Offers are expected to increase the company's financial flexibility and extend debt maturities. The company remains committed to its previously stated liquidity and gross debt targets.
Peabody Energy Corporation (NYSE:BTU) stock is about to trade ex-dividend in 4 days time. Ex-dividend means that...
In this article we are going to estimate the intrinsic value of Peabody Energy Corporation (NYSE:BTU) by taking the...
Subsidiaries of hedge fund Elliott Management have bought millions of dollars of the coal miner’s shares, which have lost nearly half their value this year.
ST. LOUIS, Aug. 7, 2019 /PRNewswire/ -- Peabody (BTU) announced today that its board of directors has declared a quarterly dividend of $0.145 per share on the company's common stock, payable on Sept. 11, 2019 to shareholders of record on Aug. 21, 2019. Today's dividend announcement is a $0.005 per share increase from the prior quarter and represents the fourth increase to the company's dividend per share in just over a year. Since initiation, the company's dividend per share has increased approximately 26 percent in recognition of continued strong cash flows. Peabody (BTU) is the leading global pure-play coal company and a member of the Fortune 500, serving power and steel customers in more than 25 countries on six continents. The company offers significant scale, high-quality assets, and diversity in geography and products. Peabody is guided by seven core values: safety, customer focus, leadership, people, excellence, integrity and sustainability. For further information, visit PeabodyEnergy.com.