Peabody Energy Corporation [NYSE: BTU] price plunged by -16.33 percent to reach at -$1.7. The company report on July 8, 2021 that Peabody Announces Offer To Purchase Up To $13.281 Million In Aggregate Accreted Value Of Its 8.500% Senior Secured Notes Due 2024.
Peabody (NYSE: BTU) announced its offer to purchase (the “Offer”) for cash up to $13.281 million (the “Available Repurchase Amount”) in aggregate accreted value of its 8.500% Senior Secured Notes due 2024 (the “2024 Notes”) at a purchase price equal to 73.840% of the accreted value of the 2024 Notes to be repurchased, plus accrued and unpaid interest as set forth in the Indenture (as defined below), to, but excluding, the settlement date, on the terms and subject to the conditions set forth in the Offer to Purchase, dated July 7, 2021 (the “Offer to Purchase”). The Offer is being made to satisfy the requirements of the Indenture.
The Offer will expire at 5:00 p.m., New York City time, on August 6, 2021, unless extended or earlier terminated by Peabody (the “Expiration Time”). Subject to the Available Repurchase Amount, for each $1,000 accreted value of 2024 Notes validly tendered (and not validly withdrawn) prior to the Expiration Time and accepted by Peabody, holders of 2024 Notes will receive $738.40 in cash (the “Offer Price”), plus accrued and unpaid interest as set forth in the Indenture, to, but excluding, the settlement date. Tendered 2024 Notes may be validly withdrawn at any time prior to the Expiration Time, unless extended or earlier terminated by Peabody. The settlement date is currently expected to be the second business day following the Expiration Time. Concurrently, Peabody is making a debt repurchase offer (the “Concurrent LC Agreement Offer”) under the Credit Agreement, dated as of January 29, 2021, among Peabody, the lenders party thereto from time to time and JPMorgan Chase Bank, N.A., as Administrative Agent (the “LC Agreement”).
A sum of 9142410 shares traded at recent session while its average daily volume was at 8.02M shares. Peabody Energy Corporation shares reached a high of $10.60 and dropped to a low of $8.66 until finishing in the latest session at $8.71.
The one-year BTU stock forecast points to a potential downside of -88.12. The average equity rating for BTU stock is currently 3.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Peabody Energy Corporation [BTU]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BTU shares is $4.63 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BTU stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Vertical Research have made an estimate for Peabody Energy Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 07, 2020. The new note on the price target was released on May 07, 2020, representing the official price target for Peabody Energy Corporation stock. Previously, the target price had yet another raise to $4, while Deutsche Bank analysts kept a Hold rating on BTU stock.
The Average True Range (ATR) for Peabody Energy Corporation is set at 1.09, with the Price to Sales ratio for BTU stock in the period of the last 12 months amounting to 0.38. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 4.94.
BTU Stock Performance Analysis:
Peabody Energy Corporation [BTU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.89. With this latest performance, BTU shares gained by 2.96% in over the last four-week period, additionally plugging by 107.38% over the last 6 months – not to mention a rise of 192.28% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BTU stock in for the last two-week period is set at 49.71, with the RSI for the last a single of trading hit 45.11, and the three-weeks RSI is set at 52.22 for Peabody Energy Corporation [BTU]. The present Moving Average for the last 50 days of trading for this stock 7.76, while it was recorded at 10.20 for the last single week of trading, and 4.08 for the last 200 days.
Insight into Peabody Energy Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Peabody Energy Corporation [BTU] shares currently have an operating margin of -4.25 and a Gross Margin at -0.82. Peabody Energy Corporation’s Net Margin is presently recorded at -63.89.
Return on Total Capital for BTU is now -3.70, given the latest momentum, and Return on Invested Capital for the company is -57.71. Return on Equity for this stock declined to -104.78, with Return on Assets sitting at -33.12. When it comes to the capital structure of this company, Peabody Energy Corporation [BTU] has a Total Debt to Total Equity ratio set at 173.67. Additionally, BTU Total Debt to Total Capital is recorded at 63.46, with Total Debt to Total Assets ending up at 34.59. Long-Term Debt to Equity for the company is recorded at 166.20, with the Long-Term Debt to Total Capital now at 60.73.
Reflecting on the efficiency of the workforce at the company, Peabody Energy Corporation [BTU] managed to generate an average of -$403,543 per employee. Receivables Turnover for the company is 10.12 with a Total Asset Turnover recorded at a value of 0.52.Peabody Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.60.
Peabody Energy Corporation [BTU] Insider Position Details
There are presently around $644 million, or 77.00% of BTU stock, in the hands of institutional investors. The top three institutional holders of BTU stocks are: ELLIOTT INVESTMENT MANAGEMENT L.P. with ownership of 28,916,201, which is approximately 0% of the company’s market cap and around 1.70% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 6,445,106 shares of the stock with an approximate value of $56.14 million in BTU stocks shares; and BLACKROCK INC., currently with $43.02 million in BTU stock with ownership of nearly 0.771% of the company’s market capitalization.
Positions in Peabody Energy Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 58 institutional holders increased their position in Peabody Energy Corporation [NYSE:BTU] by around 6,542,796 shares. Additionally, 54 investors decreased positions by around 12,333,251 shares, while 13 investors held positions by with 55,035,773 shares. The mentioned changes placed institutional holdings at 73,911,820 shares, according to the latest SEC report filing. BTU stock had 26 new institutional investments in for a total of 1,916,103 shares, while 17 institutional investors sold positions of 4,273,153 shares during the same period.