Natural gas producer Peabody Energy Corporation ( BTU ) on Monday caught a big downgrade from analysts at Goldman Sachs, sending its shares lower in premarket trading.
The firm said it downgraded BTU from "Buy" to "Neutral" on a valuation call. The stock has risen 13.5% year-to-date, versus a 4.5% gain in the S&P 500.
Peabody Energy shares fell $1.43, or -2%, in premarket trading Monday.
The Bottom Line
Shares of Peabody Energy ( BTU ) have a .47% dividend yield, based on Friday's closing stock price of $72.63. The stock has technical support in the $65 price area. If the shares can firm up, we see overhead resistance around the $73-$77 price levels.
Peabody Energy Corporation ( BTU ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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