|Bid||0.00 x 800|
|Ask||17.30 x 900|
|Day's Range||15.03 - 15.59|
|52 Week Range||13.89 - 37.37|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||3.62|
|Earnings Date||Oct 29, 2019|
|Forward Dividend & Yield||0.58 (3.93%)|
|1y Target Est||24.14|
Peabody Energy (BTU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
ST. LOUIS , Oct. 8, 2019 /PRNewswire/ -- On Tuesday, October 29, 2019 , Peabody (NYSE: BTU) will announce results for the quarter ended September 30, 2019 . A conference call with management is scheduled ...
When investors think of "insider trading," they might think of the kind of behavior to which ex-Rep. Chris Collins recently pleaded guilty. In that case, Collins used material, nonpublic information he gained from his seat on a biotechnology company's board to tip off his son and fiancée's father, who were able to sell shares before the info became public.But some insider trading is legal. And in some cases, insider buying can signal to regular investors that something positive might be in the offing.Insiders - directors, officers and shareholders that own more than 10% of at least one class of the company's stock - can (and do) buy and sell shares, sometimes frequently. They must abide by certain rules, such as not selling shares within six months of purchase. They also must disclose any transactions to the SEC - and these insider filings are available for public viewing, free of charge, on the SEC's EDGAR (Electronic Data Gathering, Analysis, and Retrieval) website.No one understands the challenges and victories of a public company better than the officers and directors who run it. Thus, when knowledgeable insiders buy or sell the company's shares, savvy investors take note. Sometimes these trades are habitual and mean nothing - but sometimes, they can signal a change in sentiment. A sudden spurt of insider buying may signal new products coming to market or new customers signing up, or simply reflect an insider's conviction that the stock is undervalued.Here are 10 stocks that have seen notable insider trading over the past few months. Investors shouldn't act solely on the basis of this recent insider buying - instead, it's just one factor to consider when evaluating these or any other stocks. But in each case, the buying stands out for its size or irregularity, which sometimes can be taken as a sign of insider optimism. SEE ALSO: 13 Best Stocks to Buy for the Next Stock Market Correction
St. Louis stocks far underperformed the national stock indexes through the first three quarters of the year, but almost a third of the local companies were up 20% or more.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Peabody Energy Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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...