Does This Provide a Reason to Buy Peabody Energy Corporation (BTU)? The Stock Has Formed Double Top Pattern

April 17, 2018 - By Eugene Smith

Peabody Energy Corporation (NYSE:BTU) Logo

The chart of Peabody Energy Corporation (BTU) shows a double top with $39.19 target or 8.00 % above today’s $36.29 share price. The 5 months chart pattern indicates low risk for the $4.59 billion company. It was reported on Apr, 17 by If the $39.19 price target is reached, the company will be worth $367.28 million more. Double tops are rare but powerful chart patterns.

The stock increased 1.80% or $0.64 during the last trading session, reaching $36.29. About 378,319 shares traded. Peabody Energy Corporation (NYSE:BTU) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Peabody Energy Corporation (NYSE:BTU) to report earnings on May, 3. They expect $1.21 earnings per share, down 82.21 % or $5.59 from last year’s $6.8 per share. BTU’s profit will be $153.08M for 7.50 P/E if the $1.21 EPS becomes a reality. After $1.52 actual earnings per share reported by Peabody Energy Corporation for the previous quarter, Wall Street now forecasts -20.39 % negative EPS growth.

Peabody Energy Corporation (NYSE:BTU) Ratings Coverage

Among 5 analysts covering Peabody Energy (NYSE:BTU), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Peabody Energy has $5100 highest and $38 lowest target. $45.60’s average target is 25.65% above currents $36.29 stock price. Peabody Energy had 6 analyst reports since November 14, 2017 according to SRatingsIntel. The firm has “Buy” rating by Seaport Global given on Monday, January 22. The rating was maintained by JP Morgan on Friday, March 16 with “Overweight”. FBR Capital maintained the shares of BTU in report on Monday, April 2 with “Buy” rating. The stock of Peabody Energy Corporation (NYSE:BTU) earned “Hold” rating by Stifel Nicolaus on Tuesday, January 16.

Peabody Energy Corporation (NYSE:BTU) Ratings Chart

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