Premarket at 8:00:57 AM I bought my final 1/4 position in BTU at $48.87. I now own my target position in BTU.
The Street has a Buy rating on the stock. According to The Street BTU’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, notable return on equity, increase in stock price during the past year and good cash flow from operations.
PEG 0.62 – Significantly below the coal industry median of .0.83
Credit Suisse has a 12 month price target of $80.00
Reiterate Outperform and $80 TP: BTU remains one of our top picks in the coal space and our preferred way to play both the near-term (Australia expansion plans, direct exposure to pacific basin markets) and long-term (PRB export terminal) positive secular thesis on global coal markets. In our view Q2 results held in well despite some signficant headwinds (flooding related shipping and production issues, costs at Twentymile). While Q3 will be impacted by two longwall moves in Australia, BTU expects higher volumes in the U.S. and full operations from Australia to result in strong Q4 results, and we have taken our estimates up accordingly.