For Peabody Energy Corporation [BTU], Analyst sees a rise to $36. What next?

Peabody Energy Corporation [NYSE: BTU] slipped around -0.78 points on Wednesday, while shares priced at $23.22 at the close of the session, down -3.25%. The company report on October 27, 2022 that PIC AU HOLDINGS LLC AND PIC AU HOLDINGS CORPORATION, WHOLLY-OWNED SUBSIDIARIES OF PEABODY, ANNOUNCE AN EXTENSION TO THE EXPIRATION DATE FOR THEIR PREVIOUSLY ANNOUNCED OFFER TO PURCHASE ANY AND ALL OUTSTANDING 10.000% SENIOR SECURED NOTES DUE 2024.

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Wholly-owned subsidiaries of Peabody (NYSE: BTU), PIC AU Holdings LLC, a Delaware limited liability company (the “Main Issuer”), and PIC AU Holdings Corporation, a Delaware corporation (together with the Main Issuer, the “Co–Issuers”), today announced that they have extended the expiration date of their previously announced offer to purchase for cash (the “Offer”) any and all of the $81,550,000 outstanding principal amount of their 10.000% Senior Secured Notes due 2024 (the “Notes”), at a purchase price equal to 105.91% of the principal amount of the Notes repurchased in the Offer, plus accrued and unpaid interest, if any, to, but excluding, the settlement date for the Offer, to 5:00 p.m., New York City time, on November 18, 2022, unless earlier terminated in accordance with the terms of the Offer and the Indenture (the “Expiration Time”). Tendered Notes may be validly withdrawn at any time prior to the Expiration Time, unless earlier terminated by the Co-Issuers. As of 5:00 p.m., New York City time, on October 27, 2022, $14,099,000 aggregate principal amount of Notes had been validly tendered and not validly withdrawn. The Offer is being made on the terms and subject to the conditions set forth in the Co-Issuer’s Offer to Purchase, dated September 19, 2022 (the “Offer to Purchase”). Except as otherwise described in this press release, all other terms of the Offer as described in the Offer to Purchase remain unchanged.

The Notes are governed by an indenture, dated January 29, 2021, by and among the Co-Issuers, Wilmington Trust, National Association, as trustee, and Peabody (on a limited basis, to the extent of its obligations specifically set forth in the Indenture) (as amended and restated by the First Supplemental Indenture dated February 3, 2021, and as further amended, supplemented, restated or otherwise modified to the date hereof, the “Indenture”). Under the terms of the Indenture, no later than 30 business days following any voluntary prepayment, repayment or repurchase of term loans, the Co-Issuers are required to make an offer to purchase an aggregate principal amount of Notes equal to the aggregate principal amount of term loans so prepaid, repaid or repurchased. On September 19, 2022, the Co-Issuers repurchased approximately $20.4 million aggregate principal amount of their 10.000% Senior Secured Term Loan due 2024 (the “Term Loan”) at a weighted average purchase price of 105.91% of par, in accordance with the Credit Agreement, dated as of January 29, 2021, among the Co-Issuers, as co-borrowers, the lenders party thereto from time to time and Wilmington Trust, National Association (as successor to JPMorgan Chase Bank, N.A.), as administrative agent, which governs the Term Loan (the “Credit Agreement”). As such, the Offer is intended to satisfy the requirements of the Indenture. In addition to the Offer and in accordance with the terms of the Credit Agreement, the Co-Issuers simultaneously have made a separate offer to purchase an aggregate principal amount of the Term Loan not to exceed the lesser of (x) $61,194,954.99, and (y) (i) the aggregate principal amount of Notes actually repurchased in the Offer, less (ii) $20,355,045.01 at a purchase price of 105.91% of par. This offer to the lenders under the Term Loan is also being extended to remain open until November 18, 2022. The Offer is not contingent on the separate offer to the lenders under the Term Loan.

Peabody Energy Corporation stock is now 130.59% up from its year-to-date (YTD) trading value. BTU Stock saw the intraday high of $24.24 and lowest of $22.935 per share. The company’s 52-week high price is 33.29, which means current price is +136.22% above from all time high which was touched on 04/18/22.

Compared to the average trading volume of 5.38M shares, BTU reached a trading volume of 4004496 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $28.40 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 2.20. 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.

Jefferies have made an estimate for Peabody Energy Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 07, 2022. The new note on the price target was released on October 29, 2021, representing the official price target for Peabody Energy Corporation stock. Previously, the target price had yet another raise from $15 to $22, while B. Riley Securities kept a Buy rating on BTU stock.

The Average True Range (ATR) for Peabody Energy Corporation is set at 1.59, with the Price to Sales ratio for BTU stock in the period of the last 12 months amounting to 0.86. The Price to Book ratio for the last quarter was 1.49, with the Price to Cash per share for the same quarter was set at 7.61. Price to Free Cash Flow for BTU in the course of the last twelve months was 11.41 with Quick ratio for the last quarter at 2.00.

How has BTU stock performed recently?

Peabody Energy Corporation [BTU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.44. With this latest performance, BTU shares dropped by -11.41% in over the last four-week period, additionally plugging by 2.43% over the last 6 months – not to mention a rise of 101.74% 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 43.09, with the RSI for the last a single of trading hit 38.38, and the three-weeks RSI is set at 45.90 for Peabody Energy Corporation [BTU]. The present Moving Average for the last 50 days of trading for this stock 24.39, while it was recorded at 23.92 for the last single week of trading, and 22.30 for the last 200 days.

Peabody Energy Corporation [BTU]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Peabody Energy Corporation [BTU] shares currently have an operating margin of +14.03 and a Gross Margin at +16.47. Peabody Energy Corporation’s Net Margin is presently recorded at +9.68.

Return on Equity for this stock inclined to 24.98, with Return on Assets sitting at 6.99.

Peabody Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.30.

Insider trade positions for Peabody Energy Corporation [BTU]

There are presently around $2,742 million, or 91.70% 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 25,859,970, which is approximately 0% of the company’s market cap and around 0.40% of the total institutional ownership; FMR LLC, holding 15,585,781 shares of the stock with an approximate value of $361.9 million in BTU stocks shares; and VANGUARD GROUP INC, currently with $254.03 million in BTU stock with ownership of nearly 38.945% of the company’s market capitalization.

Positions in Peabody Energy Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 147 institutional holders increased their position in Peabody Energy Corporation [NYSE:BTU] by around 27,658,386 shares. Additionally, 102 investors decreased positions by around 20,536,451 shares, while 27 investors held positions by with 69,872,678 shares. The mentioned changes placed institutional holdings at 118,067,515 shares, according to the latest SEC report filing. BTU stock had 62 new institutional investments in for a total of 8,703,336 shares, while 49 institutional investors sold positions of 11,863,755 shares during the same period.


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