Cloud Peak Energy Inc. (CLD) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of Cloud Peak Energy Inc. (NYSE:CLD) from a hold rating to a buy rating in a research note published on Tuesday. They currently have $6.25 price target on the mining company’s stock.
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 increased their target price on Cloud Peak Energy from $1.25 to $1.75 and gave the company an underperform rating in a report on Friday, July 29th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $6.91.
Cloud Peak Energy (NYSE:CLD) traded up 0.54% during trading on Tuesday, hitting $5.60. The company had a trading volume of 186,522 shares. Cloud Peak Energy has a 1-year low of $1.08 and a 1-year high of $5.85. The company’s 50 day moving average price is $4.39 and its 200-day moving average price is $2.88. The stock’s market capitalization is $330.43 million.
Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings data on Thursday, July 28th. The mining company reported $0.48 EPS for the quarter, beating the consensus estimate of ($0.31) by $0.79. The firm had revenue of $174.20 million for the quarter, compared to analyst estimates 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 revenue was down 28.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.87) EPS. On average, analysts expect that Cloud Peak Energy will post ($0.51) EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the company. Menta Capital LLC boosted its position in 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 purchased a new position in Cloud Peak Energy during the second quarter worth approximately $145,000. LMR Partners LLP purchased a new position in Cloud Peak Energy during the second quarter worth approximately $157,000. JPMorgan Chase & Co. purchased a new position in Cloud Peak Energy during the second quarter worth approximately $199,000. Finally, Cubist Systematic Strategies LLC boosted its position in 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 during the last quarter. Institutional investors and hedge funds own 77.13% of the company’s stock.
Cloud Peak Energy Company Profile
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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