Cloud Peak Energy’s (CLD) Sell Rating Reaffirmed at FBR & Co
FBR & Co reiterated their sell rating on shares of Cloud Peak Energy Inc. (NYSE:CLD) in a research note released on Thursday morning. FBR & Co currently has a $4.00 price objective on the mining company’s stock, up from their prior price objective of $1.75.
Separately, Zacks Investment Research cut Cloud Peak Energy from a strong-buy rating to a hold rating in a research note on Wednesday, September 28th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Cloud Peak Energy has a consensus rating of Hold and an average price target of $7.28.
Cloud Peak Energy (NYSE:CLD) traded up 0.90% during mid-day trading on Thursday, hitting $5.60. The stock had a trading volume of 790,238 shares. Cloud Peak Energy has a 12-month low of $1.08 and a 12-month high of $5.85. The company has a 50-day moving average of $4.49 and a 200-day moving average of $2.91. The stock’s market cap is $330.43 million.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings results 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. Cloud Peak Energy had a positive return on equity of 3.70% and a negative net margin of 16.17%. The business had revenue of $174.20 million for the quarter, compared to analysts’ expectations of $171.57 million. During the same quarter in the previous year, the firm posted ($0.87) earnings per share. The company’s revenue was down 28.6% compared to the same quarter last year. On average, analysts anticipate that Cloud Peak Energy will post ($0.51) earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of CLD. 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 period. Brandes Investment Partners LP acquired a new position in shares of Cloud Peak Energy during the second quarter worth about $145,000. LMR Partners LLP acquired a new position in shares of Cloud Peak Energy during the second quarter worth about $157,000. JPMorgan Chase & Co. acquired a new position in shares of Cloud Peak Energy during the second quarter worth about $199,000. Finally, Cubist Systematic Strategies LLC raised its position 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 during the period. 77.13% of the stock is owned by institutional investors and hedge funds.
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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