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Peabody Energy Corporation (BTU)

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  • Jan. 24, 2013, 1:41 PM
    Peabody Energy Corporation (BTU) declares $0.085/share quarterly dividend, in line with previous. Forward yield 1.33%. For shareholders of record Feb. 07. Payable Feb. 28. Ex-div date Feb. 05. (PR)
  • Jan. 22, 2013, 7:27 PM
    Credit Suisse says this year's coal market is shaping up a lot like 2012 - "not a good thing" - foreshadowing gloomy 2013 outlooks and further production cuts as a theme through earnings season. Peabody (BTU), which already provided lower guidance, remains its top pick in coal, but it's cautious on Alpha Natural (ANR), citing risks of additional thermal coal production cuts and lower realized met coal prices.
  • Jan. 18, 2013, 3:59 PM
    Sterne Agee predicts a cyclical pricing recovery for coal, driven by favorable inventory trends. It sees coal markets continuing to bottom in H1, while "producer discipline, economic/industrial activity improvement and fiscal efforts globally should support cyclical recoveries" in power-plant and steel-making coal in H2 and 2014. ACI +7.6%, ANR +2.4%, BTU +2.4%, JRCC +10.4%.
  • Jan. 14, 2013, 2:12 PM
    The news that a traditional coal company is investing twice as much in natural gas as in coal - Consol (CNX -0.9%) forecasts 2013 investment in natural gas development of $835M-$935M vs. net investment in coal operations of $410M-$520M - is pushing down shares of most other coal miners: BTU -2.3%, ACI -2.6%, ANR -4%, WLT -3.1%, JRCC -2.8%.
  • Jan. 2, 2013, 2:10 PM
    Gas producers are missing out on today's rally, as a forecast that colder-than-average weather in most of the U.S. this week would give way to above-normal temperatures leads to a sharp drop in natural gas prices. The late-2012 run-up in nat gas was driven by hopes of a cold winter and not fundamentals, Argus’ Phil Weiss adds. COG -3%, CNX -3.9%, BTU -3.2%, EQT -1.8%.
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  • Dec. 31, 2012, 2:19 PM
    Coal stocks are posting decent gains in response to a strong Chinese PMI reading. in addition to Cliffs Natural, Peabody Energy (BTU +3.5%), Arch Coal (ACI +3%), Alpha Natural (ANR +4.6%), and Cloud Peak Energy (CLD +3.1%) are also rallying. Many coal stocks have sizable short interests, and many of those shorts have made big profits this year.
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  • Dec. 26, 2012, 11:49 AM
    Some coal stocks are having a good day.  ANR +5.2%. ACI +2.7%. WLT +2.6%. Peabody (BTU +1.5%) disclosed a management shakeup for its American and Australian units this morning.
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  • Dec. 19, 2012, 12:25 PM
    Reports that China will lift its 40% export tariff on coke coal and semi-coke coal beginning Jan. 1 has U.S. coke exporters on edge, since China has significant excess capacity, according to Nomura. China's coke exports could compound current market dynamics struggling with oversupply and the lowest prices since 2009. the firm foresees.
  • Dec. 18, 2012, 3:27 PM
    Coal stocks are outperforming following comments from the International Energy Agency, which said it expects coal to eclipse oil as world's top energy source around 2017. Among stocks posting solid gains: ANR +4.4%, ACI +3.2%, BTU +2.7%, CNX +1.8%, WLT +0.7%.
  • Dec. 18, 2012, 5:25 AM
    U.S. coal consumption will drop 14% from 2011-2017, the International Energy Agency forecasts, due to the shale gas revolution prompting power companies to abandon coal. Overseas, the picture is totally different, with coal demand booming in China, India and other emerging markets. The problem for U.S. producers is that international prices are low. The IEA predicts restructuring for the sector and possible job losses.
  • Dec. 17, 2012, 12:22 PM
    Peabody Energy's (BTU -2.1%) price target is lowered to $32 by Citigroup, which lowers its FY 2013 EPS estimate well below consensus after BTU provided a preliminary Q1 and full-year 2013 outlook that came in lighter than expected.  Other coal names also slide: WLT -1.7%, ACI -1.4%, CLD -0.9%, ANR -0.5%, CNX -0.3%.
  • Dec. 14, 2012, 3:10 PM
    Peabody Energy (BTU +0.3%) expects its Q1 2013 results to come in weaker than originally thought, but sees increased U.S. gas-to-coal switching, and thinks global seaborne coal markets show signs of improving next year. The optimistic take overlooks high inventories, weak export demand and rising regulation; most coal shares are higher: ANR +3.2%, WLT +2.5%, ACI +1.3%.
  • Dec. 14, 2012, 8:53 AM
    Peabody Energy (BTU) says Q1 2013 should mark a trough in earnings, with results expected to increase as the year proceeds based on improving Australian production and margins. For FY 2013, BTU is targeting capex ~50% lower than 2012 targets of $1B-$1.1B, and U.S. sales volumes of 180M-190M tons vs. 2012 targets of 188M-192M tons. BTU -1.8% premarket.
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  • Dec. 10, 2012, 9:06 AM
    Goldman Sachs cuts 2013-14 met coal prices, predicting a slower, longer grind back to mid-cycle. The firm says reductions to its forecasts for China, Europe and Japan seaborne imports mean less Australia and U.S. exports should be needed. Goldman remains neutral on U.S. coal stocks, but cuts price targets for ANR, ACI, CNX, BTU, SXC and WLT.
  • Dec. 6, 2012, 9:18 AM
    Investors seem to take seriously the latest takeover chatter surrounding Walter Energy (WLT), sending shares +7.5% premarket as vague rumors circulate that bidders could emerge. BHP Billiton (BHP) is said to be interested again; Glencore (GLCNF.PK) could be another candidate; Anglo American has been mentioned in the past. Other coal names are up: ANR +1.9%, CNX +1.6%, ACI +1.3%, BTU +0.8%.
  • Dec. 5, 2012, 3:19 PM
    Coal stocks are strong following reports China’s new leadership pledged to promote domestic demand and urbanization with wider policy support for economic recovery. China relies heavily on coal for power generation. ANR +10.6%, ACI +7.7%, WLT +6.7%, CNX +5%, BTU +4.7%. KOL +2.9%.
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Company Description
Peabody Energy Corp is involved in mining. It mines, prepares, and sells thermal coal to electric utilities and metallurgical coal to industrial customers.