Analyst Sees Little Upside for Peabody Energy Shares (BTU)

Analyst Sees Little Upside for Peabody Energy Shares (BTU)

RSS

The bearish calls for coal-related names keep coming, as this morning we have Brean Murray Carret & Co. downgrading Peabody Energy (BTU) from a buy to a hold.

The analyst cites: “Peabody’s most recent investor update earlier this month saw the company reduce their long term production targets, dropping the previous Australian guidance for 2015‐2017 met and seaborne thermal production from 22‐25 million tons and 15‐17 million tons, respectively, to their new guidance of 20 million tons of met coal and 12 million tons of seaborne thermal coal in 2015.”

Shares of Peabody Energy are down 26% YTD.

The Bottom Line
Shares of Peabody Energy (BTU) have a 1.39% dividend yield, based on last night’s closing stock price of $24.42. The stock has technical support in the $20 price area. If the shares can firm up, we see overhead resistance around the $26-$27 price levels.

Peabody Energy (BTU) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today