Today’s Research Reports on Stocks to Watch: Peabody Energy and Cloud Peak Energy

NEW YORK, NY / ACCESSWIRE / February 8, 2018 / Shares of Peabody Energy and Cloud Peak Energy both fell in Wednesday trading despite a lack of news to warrant the drops. U.S. coal production is expected to decrease 1.8% this year to 757.7 million short tons according to the EIA. It’s also supposed to drop by 2.3% to 741.2 million short tons in 2019.

RDI Initiates Coverage on:

Peabody Energy Corporation
https://rdinvesting.com/report/?ticker=BTU

Cloud Peak Energy Inc.
https://rdinvesting.com/report/?ticker=CLD

Peabody Energy Corporation shares closed down a minor 0.44% on Wednesday on trading volume almost double compared to average. The small loss was despite an exciting day for the company. The coal miner released its fourth quarter financial results yesterday and reported net income of $358.3 million. EPS was $2.37 and after adjustments for one-time gains and costs became $1.52 per share. This was way ahead of the $1.33 per share that analysts had been expecting. Revenue at $1.52 billion was in-line with what analysts had been waiting for. The company’s board also initiated a quarterly dividend of $11.50 cents a share which will be payable March 5th to shareholders who are on record as of February 19th. The company stated, “The Peabody board of directors will evaluate dividends on a quarterly basis, taking into consideration the company’s cash flows and alternative means to create shareholder value.” Since the beginning of the year, the stock has seen gains of 2.3%.

Access RDI’s Peabody Energy Corporation Research Report at:
https://rdinvesting.com/report/?ticker=BTU

Cloud Peak Energy Inc. shares closed down 5.18% on about 834,000 shares traded on Wednesday. There was no particular news to explain the steep decline. Another coal company in the sector, Peabody Energy, reported impressive earnings and also saw a drop despite the beat. Last month Cloud Peak announced that it has entered into a long-term coal export sales agreement with JERA Trading Pte Ltd. to supply coal to two Japanese power plants. The coal will be produced and supplied by the company’s Spring Creek Mine to meet the export requirements. Shipment won’t begin until the end of 2019 and will continue for 30-40 months.

Access RDI’s Cloud Peak Energy Inc. Research Report at:
https://rdinvesting.com/report/?ticker=CLD

Our Actionable Research on Peabody Energy Corporation (NYSE: BTU) and Cloud Peak Energy Inc. (NYSE: CLD) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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