Cloud Peak Energy Inc. (CLD) Lowered to Hold at Zacks Investment Research
According to Zacks, “Cloud Peak Energy operates as a producer of low sulfur, high quality, sub-bituminous coal in the United States. It owns and operates three surface coal mines in the Powder River Basin named: Antelope, Cordero Rojo and the Spring Creek Mine. The Antelope Mine and Cordero Rojo Mine are located in Wyoming and the Spring Creek Mine is located near Decker, Montana. The company is headquartered in Gillette, Wyoming. “
Separately, FBR & Co raised their target price on Cloud Peak Energy from $1.25 to $1.75 and gave the stock an underperform rating in a research note on Friday, July 29th. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $6.28.
Cloud Peak Energy (NYSE:CLD) opened at 4.95 on Wednesday. Cloud Peak Energy has a one year low of $1.08 and a one year high of $5.02. The firm’s market capitalization is $292.08 million. The firm has a 50-day moving average price of $3.91 and a 200 day moving average price of $2.66.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings data on Thursday, July 28th. The mining company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.79. The firm had revenue of $174.20 million for the quarter, compared to the consensus estimate of $171.57 million. Cloud Peak Energy had a positive return on equity of 3.70% and a negative net margin of 16.17%. The company’s quarterly revenue was down 28.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.87) earnings per share. Analysts anticipate that Cloud Peak Energy will post ($0.52) EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the company. Menta Capital LLC raised its position in shares of Cloud Peak Energy by 5.4% in the first quarter. Menta Capital LLC now owns 56,312 shares of the mining company’s stock worth $110,000 after buying an additional 2,898 shares during the last quarter. Brandes Investment Partners LP bought a new stake in shares of Cloud Peak Energy during the second quarter worth $145,000. LMR Partners LLP bought a new stake in shares of Cloud Peak Energy during the second quarter worth $157,000. JPMorgan Chase & Co. bought a new stake in shares of Cloud Peak Energy during the second quarter worth $199,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Cloud Peak Energy by 17.6% in the second quarter. Cubist Systematic Strategies LLC now owns 99,374 shares of the mining company’s stock worth $205,000 after buying an additional 14,887 shares in the last quarter. Institutional investors own 77.13% of the company’s stock.
About Cloud Peak Energy
Cloud Peak Energy Inc is a producer of coal in the United States of America and the Powder River basin (PRB). The Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine, and the Spring Creek Mine. The Company operates through two segments: Owned and Operated Mines segment, and Logistics and Related Activities.
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