Peabody Energy Corporation, through its subsidiaries, engages in the exploration, mining, and production of coal worldwide. It owns interests in 31 coal operations located in the United States and Australia, as well as owns joint venture interests in a Venezuelan mine. The company also markets, brokerages, and trades coal. It also develops mine-mouth coal-fueled generating plants; produces coalbed methane; and develops Btu Conversion technologies, which are designed to convert coal to natural gas and transportation fuels. The company sells its steam coal to electric utilities and metallurgical coal to industrial customers. As of December 31, 2007, Peabody Energy had 9.3 billion tons of proven and probable coal reserves. The company was founded in 1883 and is based in St. Louis, Missouri.
Analysts'
Recommendation: | Strong Buy |
| 30 Days Ago: | Strong Buy |
|
| Analysts' Target: | $82 |
| Analysts' Targets |
| Friedman, Billings, Ramsey & C | $104 |
| Hold |
Thursday, July 24, 2008
|
| RBC Capital Markets | $90 |
| Outperform |
Wednesday, July 23, 2008
|
| Caris & Company | $62 |
| Above Average |
Friday, April 25, 2008
|
| Lehman Brothers | $70 |
| Overweight |
| Tuesday, February 05, 2008 |
$63.22 (08/20/08)
