|Bid||9.62 x 1200|
|Ask||9.63 x 1400|
|Day's Range||9.24 - 9.72|
|52 Week Range||8.65 - 37.37|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||3.20|
|Earnings Date||Oct 29, 2019|
|Forward Dividend & Yield||0.58 (6.41%)|
|1y Target Est||15.00|
CFO, Peabody Energy Amy Schwetz has made big contributions at St. Louis-based coal miner Peabody Energy. Schwetz also played a key role in Peabody’s $387 million acquisition last year of the Shoal Creek mine in Alabama. Schwetz also drove the creation of the firm’s management mentoring program and serves as executive sponsor of an inclusion and diversity advisory board.
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […]
ST. LOUIS , Nov. 20, 2019 /PRNewswire/ -- Peabody today recognized the distinguished work of organizations and individuals to advance clean coal technologies with the company's annual Peabody Global Clean ...
Unfortunately for some shareholders, the Peabody Energy (NYSE:BTU) share price has dived 30% in the last thirty days...
(Bloomberg Opinion) -- In 1923 there were 862,536 coal miners in the U.S., about 2% of the country’s total workforce. These days, their ranks are much thinner. As the Washington Post uncharitably pointed out in 2017, more people now work at Arby’s than in the U.S. coal mining industry.This did not stop Donald Trump from making the revival of coal mining a major plank of his presidential campaign, and a focus of his efforts after he took office. And sure enough, the number of coal mining jobs did stop falling in 2017.There are indications, though, that the decline is about to resume. Before the 2000s, job losses in coal mining were mainly about better mining equipment and the rise of less-labor-intensive above-ground mining operations. For the past decade, though, the main driver has been falling U.S. coal consumption. Natural gas pushed coal aside to become the main fuel used in electricity generation and renewables gained ground, even as demand for electricity remained flat.There was a brief uptick in consumption in 2016 and early 2017 as rising natural gas prices drove some utilities to switch temporarily from gas back to coal, but after that the consumption slide resumed. Lately it has even accelerated: In July, according to numbers released last week by the Energy Information Administration, coal consumption was 11.6% lower than in July 2018. Yet coal mining employment has held up.Why the disparity? Well, there was a revival in U.S. coal exports after a global economic slowdown in 2015 and 2016. But the main driver of the employment gains seemed to be that U.S. coal was emerging after years of retrenchment and lots of bankruptcies as a consolidated, leaner industry with a friend in the White House and hopes for better times ahead. Robert Murray, whose privately held Murray Energy Corp. had bought several bankrupt mining operations, predicted just after President Trump’s inauguration in January 2017 that Trump would put the industry on a path to revival “in three months” thanks to environmental deregulation and resurgent demand from steelmakers and other manufacturers.This week, Murray Energy filed for bankruptcy protection. The biggest U.S. coal miner, Peabody Energy Corp., which emerged from bankruptcy in April 2017, announced a 21.7% revenue decline for the quarter ending in September. In its earnings release, Peabody also said it planned to “reweight its investments” away from the U.S. “to capture higher‐growth Asian demand.” Some U.S. mine shutdowns and layoffs have been announced already, and as Bloomberg’s Will Wade reported earlier this month, all signs point to more cutbacks soon. The coal mining employment decline may show up in this Friday’s jobs report, or it may take a little longer, but it’s coming.What happened to the industry’s comeback? Well, for one thing, coal has its limits as an export commodity for U.S. miners. It’s bulky, it doesn’t command a high price and the No. 1 export destination, India, is really far away. Exports stopped rising in the spring of 2018, have fallen more than 40% since, and even at their peak only amounted to about 15% of U.S. production. For another, industrial coal use has failed to rebound as hoped, with an increase in demand for coking coal used in steelmaking more than offset by falling demand for other uses — and now the steel boomlet seems to be fading as well. Industrial uses account for only about 7% of U.S. coal consumption, down from nearly 50% in the 1950s.But this story is mostly about electricity generation, which accounted for 93% of U.S. coal consumption and 84% of production in 2018. Overall domestic electricity use, after setting a new record in 2018 for the first time since 2007, is down over the first eight months of 2019 thanks to slightly cooler weather. And the shift away from coal in power generation resumed after a lull in 2017, with coal-fired power plant retirements in 2018 nearly breaking the record set in 2015. It was exactly this shift that President Trump had pledged to stop — even reverse. He has clearly failed. It’s not for lack of trying: The Environmental Protection Agency has rolled back the Clean Power Plan that the Barack Obama administration drew up to restrict carbon-dioxide emissions by power plants, and the Energy Department tried to force electricity consumers to subsidize coal and nuclear power to keep plants open. The latter effort foundered in part because of a peculiarity of American governance: The members of the Federal Energy Regulatory Commission who decide on such matters are presidential appointees, but some have to be Democrats and all are free to go against the president’s wishes without much consequence.The overriding issue, though, seems to be that the electrical utility industry just isn’t buying what the president is selling, in part because its leaders assume that future presidents won’t share his head-in-the-sand attitude toward climate change but mainly because burning coal to generate electricity makes less and less economic sense amid a fracking boom that has kept natural gas cheap and technological progress that has driven down the cost of wind and solar. In short, promising a coal revival was a shortsighted, ill-informed and unrealistic thing for the president to do.These promises do seem to have helped create and sustain a couple thousand coal mining jobs for a couple of years, which is something. Now, though, those jobs are likely to begin disappearing just as the president ramps up his reelection campaign. This should be a warning to anyone who ever banks on what Trump says, such as the stock market investors who bid up prices every time the White House says something hopeful about trade negotiations with China. It probably won’t have major consequences in the 2020 election, though, given that the three states with the most coal miners — West Virginia, Kentucky and Wyoming — don’t have a lot of electoral votes and are highly unlikely to flip to the Democrat under any circumstances.Pennsylvania, the state with the fourth-most coal miners, is a more interesting case, in that it’s big, it’s a swing state and it’s an epicenter of the natural gas fracking boom, with three times as many people now working in oil and gas extraction as in coal mining.(1) Democratic contenders Bernie Sanders and Elizabeth Warren have both said they would move to ban fracking, with Warren pledging last month that she would do so on her first day as president. A fracking ban could help coal miners, at least temporarily, but would be a disaster for natural gas drillers and for the gigantic new Royal Dutch Shell plastics plant under construction near Pittsburgh, and would probably mean higher electricity prices for everybody. It’s also something that neither Sanders nor Warren may be able to deliver. Donald Trump does not have a monopoly on unfulfillable campaign promises. So what’s a Pennsylvania fossil-fuels worker to think?(1) That's according to the Quarterly Census of Employment and Wages, and includes support activities for oil and gas extraction and coal mining as well as the extraction and mining themselves.To contact the author of this story: Justin Fox at email@example.comTo contact the editor responsible for this story: Sarah Green Carmichael at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Justin Fox is a Bloomberg Opinion columnist covering business. He was the editorial director of Harvard Business Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Peabody Energy (BTU) delivered earnings and revenue surprises of -39.02% and 1.04%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Third quarter results reflect previously announced effects of pricing, shipments and Middlemount performance; Quarter highlighted by multi-year low PRB cost performance; Anticipating conclusion of FTC ...
ST. LOUIS, Oct. 22, 2019 /PRNewswire/ -- Peabody was honored this week with three national awards recognizing the company's safety and land restoration efforts. The Rawhide Mine Coal Processing Facility near Gillette, Wyo. received a prestigious Sentinels of Safety Award from the National Mining Association (NMA) for recording the most hours without a lost-time incident in the small coal processing category. Additionally, Kayenta Mine in Northeast Arizona and the former Vermillion Grove Mine in Ridge Farm, Ill. were recognized with National Awards from the U.S. Office of Surface Mining Reclamation and Enforcement (OSMRE).
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]
ST. LOUIS, Oct. 16, 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 Nov. 29, 2019 to shareholders of record on Oct. 30, 2019. 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. Peabody is guided by seven core values: safety, customer focus, leadership, people, excellence, integrity and sustainability.
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.