| Peabody Energy’s 3Q15 Earnings Triggered Fall in Its Stock Price | |
| | |
|
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.
Continue to Next Part Browse this series on Market Realist:
|
|
|
Consol Energy Inc.
|
|
PRODUCTEUR |
CODE : CNX |
ISIN : US20854P1093 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Consol Energy est une société de production minière basée aux Etats-Unis D'Amerique. Consol Energy est productrice de charbon en USA, et détient divers projets d'exploration en USA. Son principal projet en production est BUCHANAN en USA. Consol Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 5,3 milliards US$ (4,7 milliards €). La valeur de son action a atteint son plus haut niveau récent le 06 juin 2008 à 99,79 US$, et son plus bas niveau récent le 26 avril 2019 à 10,00 US$. Consol Energy possède 223 758 284 actions en circulation. |