| Peabody Energy’s 3Q15 Earnings Triggered Fall in Its Stock Price | |
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Why Peabody Energy Fell 21.8% after Beating 3Q15 Estimates Peabody Energy’s 3Q15 earnings
Peabody Energy (BTU) published its 3Q15 earnings on October 27, 2015. This series will discuss the company’s operational, financial, and stock market performance.
Peabody Energy’s stock market performance
Peabody Energy and other American coal producers’ misery continued in 3Q15 as natural gas prices remained subdued in spite of higher electricity demand on the back of warmer weather across the US.
Peabody Energy lost 37.0% in 3Q15 and another 18% between October 1 and October 27, resulting in an 85% drop in the stock price since the beginning of 2015. On October 27, the stock lost 21.8% after the company reduced its guidance and provided a dismal outlook for 2016. `
The company exercised a one-for-15 reverse stock split effective September 30, 2015. Past stock prices are adjusted to make them comparable with the post reverse-split prices.
Peer performance
Cloud Peak Energy (CLD) and Consol Energy (CNX) also published their 3Q15 earnings on October 27, 2015. Cloud Peak Energy beat estimates while Consol Energy (CNX) was unable to meet analyst expectations. In spite of surpassing expectations, Cloud Peak Energy lost 4.9% on the earnings day while Consol Energy lost 21.2% on the same day.
The representative of the global coal industry, the Market Vectors Coal ETF (KOL), lost 3.3% on October 27. In the next part, we will have a look at Peabody Energy’s shipments in 3Q15.
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Consol Energy Inc.
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PRODUCER |
CODE : CNX |
ISIN : US20854P1093 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Consol Energy is a producing company based in United states of america. Consol Energy produces coal in USA, and holds various exploration projects in USA. Its main asset in production is BUCHANAN in USA. Consol Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 5.2 billions as of today (€ 4.8 billions). Its stock quote reached its highest recent level on June 06, 2008 at US$ 99.79, and its lowest recent point on April 26, 2019 at US$ 10.00. Consol Energy has 223 758 284 shares outstanding. |