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Peabody Energy Corporation (BTU)

  • Oct. 26, 2012, 10:59 AM
    Peabody Energy (BTU +1.3%) calls for a commission to tackle rising costs and government policy in Australia's resources sector, including a review of a new tax on coal and iron ore profits and a new levy on carbon emissions. CEO Greg Boyce joins a chorus of energy and mining leaders critical of Australian policy as companies struggle with rising costs and falling commodity prices.
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  • Oct. 26, 2012, 9:02 AM
    Peabody Energy (BTU), eager to tap Mongolia's massive coal resources, says it expects to resume talks with the government in early 2013 over acquiring a stake in the undeveloped western block of the Tavan Tolgoi deposit. BTU was part of a consortium that won a bid last year on a development, but the bid process was rejected by the government after Japan and South Korea cried foul.
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  • Oct. 23, 2012, 5:15 PM
    Peabody Energy (BTU) fell 2% today after Goldman's downgrade, but Sterne Agee remains impressed with BTU's cost control and capital conservation, reaffirming its Buy rating and raising its 2012 estimates. Met coal markets seem to have bottomed out, the firm says, as current weak pricing for hard coking and low-volume pulverized coal injection met coal is generating output cuts.
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  • Oct. 23, 2012, 9:46 AM
    Peabody Energy (BTU -3.3%) is cut to Neutral from Buy at Goldman Sachs, which views the coal producer favorably but "risk/reward for shares appears more balanced after BTU has rallied with other U.S. coal stocks as signs China steel production is picking up and domestic thermal coal inventories are slowly falling."
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  • Oct. 22, 2012, 9:10 AM
    Premarket gainers: PGRX +42%. SUPN +16%. SVU +7%. ACOM +8%. OREX +7%. NBG +6%. BTU +6%. PHG +6%. GIVN +6%.
    Losers: OSG -50%. NXY -7%.
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  • Oct. 22, 2012, 8:36 AM
    More on Peabody's (BTU) Q3 results: Issues in-line guidance for FY12, seeing EPS of $1.88-$2.08 vs. $1.88 consensus estimate. Targets 2012 adjusted EBITDA of $1.75B-$1.85B, total sales of 240M-250M tons. Projects global seaborne thermal coal demand will rise ~100M metric tons in 2012 to 900M, with continued increases in 2013. BTU +6.2% premarket; also ANR +3.7%, CNX +3.6%, ACI +2.9%.
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  • Oct. 22, 2012, 8:03 AM
    Peabody Energy (BTU): Q3 EPS of $0.51 beats by $0.17. Revenue of $2.06B beats by $90M. Shares +3.3% premarket. (PR)
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  • Oct. 22, 2012, 12:05 AM
    Notable earnings before Monday’s open: BTU, CAT, FCX, HAS, NLSN, PHG, STI, VFC
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  • Oct. 21, 2012, 5:30 PM
    Notable earnings before Monday’s open: BTU, CAT, FCX, HAS, NLSN, PHG, STI, VFC
  • Oct. 18, 2012, 2:04 PM
    Peabody Energy (BTU) declares $0.085/share quarterly dividend, in line with previous. Forward yield 1.27%. For shareholders of record Nov 01. Payable Nov 23. Ex-div date Oct 30. (PR)
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  • Oct. 16, 2012, 8:46 AM
    The state-owned developer of the huge but remote Tavan Tolgoi coal deposit in Mongolia has invited Peabody Energy (BTU) to help build infrastructure at the project, Reuters reports. The move could put BTU in a strong position to get a bigger slice of the prized asset under a new bidding process than it had been allotted under a previous deal that was scrapped. BTU +1% premarket.
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  • Oct. 12, 2012, 8:45 AM
    Coal miners Alpha Natural Resources (ANR) and Peabody Energy (BTU) are -2.3% and -1.4% premarket after they're nailed by downgrades at Nomura. ANR is cut to Neutral from Buy as the firm sees more significant earnings and free cash flow risks than expected, while BTU is cut to Reduce to reflect more conservative forward multiples given elevated earnings risk and weaker growth rates.
  • Oct. 11, 2012, 11:34 AM
    Coal stocks are enjoying notable strength today, as natural gas hits multi-month highs, +4% to $3.61/btu. Dahlman Rose predicts demand may be on the rise from steel manufacturers in China; the boost in iron ore prices this week also is a bullish factor. ANR +12.1%, ACI +10.9%, JRCC +10.1%, ACI +7.7%, BTU +7.5%, CNX +6.3%, WLT +5.7%, CLD +5.5%.
  • Oct. 9, 2012, 2:54 PM
    Goldman Sachs is bullish on Consol Energy (CNX +5.2%) and Peabody Energy (BTU +6.4%) even as it downgrades Arch Coal (ACI +4.3%), giving a boost to coal mining stocks (KOL +1.8%). The firm says the duo are set to benefit from a rebound in spot prices, which it thinks are currently at "unsustainable" levels. Also: ANR +7.3%, WLT +7.9%, JRCC +9.1%.
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  • Oct. 9, 2012, 12:52 PM
    Arch Coal (ACI +2.6%) pushes higher even after Goldman Sachs downgrades shares to Sell, expecting ACI will be forced to cut met coal growth guidance. Coal, iron ore and steel stocks are strong for a second straight day following news that iron ore prices in China rose 6% to $110.40/ton. ANR +5.3%, AKS +3.9%, WLT +3.7%, BTU +3.6%, X +3.1%, CLF +2.7%.
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  • Oct. 5, 2012, 1:24 PM
    Bottom fishers in the beaten down coal sector might be interested to know the carts of several of the names are forming a very bullish inverse head and shoulder pattern, according to UpsideTrader. At this point, WLT, ANR, ACI, and BTU all seem to be finishing out the formation, so a bit more time is necessary to validate the move.
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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.