NEW YORK (TheStreet) -- Shares of Peabody Energy (BTU) were up 4.67% to $11.65 in afternoon trading Wednesday amid renewed chatter that the company could be a takeover target, according to theflyonthewall.com.
Some unconfirmed reports, including some chatter on Twitter (TWTR) , have stated that BHP Billiton (BHP) , the world's largest mining company by 2013 revenue, could be interested in acquiring Peabody energy for as much as $25 a share.
Peabody Energy is the largest private-sector coal company in the world.
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Peabody President COO Glenn Kellow delivered a keynote address at the Brisbane Global Cafe on Tuesday and spoke about the world's increasing need for energy.
"As leaders of G20 member nations prepare to convene this week, economic growth, global poverty, geopolitical insecurity and pandemic threats are among the most pressing concerns," Kellow said. "Access to energy plays a vital role in addressing each of these issues."
Separately, TheStreet Ratings team rates PEABODY ENERGY CORP as a "sell" with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate PEABODY ENERGY CORP (BTU) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally high debt management risk, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."