Here’s What’s Fueling Peabody Energy Corporation’s 40% Surge Today

Here’s What’s Fueling Peabody Energy Corporation’s 40% Surge Today photo Here’s What’s Fueling Peabody Energy Corporation’s 40% Surge Today

Over the past year, Peabody Energy Corporation (NYSE:BTU) has issued payments of $0.0025 per share to stock holders.



Halcón has agreed to issue approximately $1.02 billion aggregate principal amount of new 13.00% Third Lien Senior Secured Notes due 2022 (the “New Notes”) in exchange for approximately $1.57 billion aggregate principal amount of its outstanding unsecured debt securities (the “Existing Notes”). The Coal company is now valued at $0.43 billion and its share price closed the last trading session at $1.53.

Several analysts recently commented on the stock.

Secondary pricing on the US$1.2bn term loan which is due to mature in 2020 held steady on levels seen earlier in the week before news broke that Peabody is seeking to revise its capital structure and restructure and reduce US$6.3bn of debt. Barclays downgraded shares of Peabody Energy from an “equal weight” rating to a “sell” rating and cut their price target for the company from $4.00 to $2.00 in a report on Tuesday, August 4th. Sterne Agee CRT restated a “buy” rating on shares of Peabody Energy in a research report on Friday, July 3rd. Peabody Energy presently has an average rating of “Hold” and an average price target of $5.51.

Peabody Energy (NYSE:BTU) traded up 4.82% during mid-day trading on Friday, hitting $2.39.

Peabody Energy Corp (BTU) current short interest stands at 101.58 million shares. Its market capitalization is $108.37 million. The company has a 50-day moving average price of $1.36 and a 200-day moving average price of $3.84. The 1-year stock price history is in the range of $0.99 – $15.94. NQ Mobile Inc. (NYSE:NQ) a foremost global provider of mobile internet services, declared its unaudited financial results for the quarter ended June 30th, 2015.

Analysts on the Street are anticipating earnings per share of $-0.55 for the quarter, on a consensus basis. This corresponds to a decrease of $0.31 compared to the same quarter of the previous fiscal year. During the same period in the prior year, the company earned ($0.28) earnings per share.

There are now twenty-one analysts that cover Peabody Energy Corp stock.

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) operates as an integrated energy company in Brazil and globally. The Business has Western United States Mining five segments, Midwestern United States Mining, Australian Mining, Trading and Brokerage, and Corporate and other. Midwestern United States segments and Western United States Mining are engaged in preparation, the mining and sale of thermal coal, which is normally supplied with a part sold into seaborne export markets and industrial customers for power generation, to Usa electricity generators. Australian Mining section includes the Company’s mines in Queensland and New South Wales, Australia.

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