FBR & Co Research Analysts Lower Earnings Estimates for Cloud Peak Energy Inc. (CLD)
Cloud Peak Energy Inc. (NYSE:CLD) – Stock analysts at FBR & Co dropped their Q4 2016 earnings estimates for shares of Cloud Peak Energy in a note issued to investors on Thursday. FBR & Co analyst L. Pipes now anticipates that the brokerage will post earnings of ($0.19) per share for the quarter, down from their prior forecast of ($0.13). FBR & Co currently has a “Sell” rating and a $4.00 price target on the stock. FBR & Co also issued estimates for Cloud Peak Energy’s FY2017 earnings at ($0.14) EPS and FY2018 earnings at ($0.44) EPS.
Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings results on Thursday, July 28th. The mining company reported $0.48 earnings per share for the quarter, beating 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 firm earned $174.20 million during the quarter, compared to analyst estimates of $171.57 million. During the same quarter in the previous year, the business earned ($0.87) EPS. Cloud Peak Energy’s revenue for the quarter was down 28.6% compared to the same quarter last year.
Separately, Zacks Investment Research upgraded shares of Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research note on Friday, July 29th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.28.
Cloud Peak Energy (NYSE:CLD) opened at 6.14 on Monday. The stock’s market cap is $362.30 million. The company has a 50 day moving average price of $4.65 and a 200 day moving average price of $3.01. Cloud Peak Energy has a 52 week low of $1.08 and a 52 week high of $6.38.
Several institutional investors have recently made changes to their positions in the stock. 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. Ameriprise Financial Inc. increased its stake in Cloud Peak Energy by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 295,424 shares of the mining company’s stock valued at $609,000 after buying an additional 10,413 shares during the period. Cubist Systematic Strategies LLC increased its stake 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 valued at $205,000 after buying an additional 14,887 shares during the period. Guggenheim Capital LLC increased its stake in Cloud Peak Energy by 3.4% in the second quarter. Guggenheim Capital LLC now owns 485,049 shares of the mining company’s stock valued at $999,000 after buying an additional 15,851 shares during the period. Finally, Towle & Co. increased its stake in Cloud Peak Energy by 1.1% in the second quarter. Towle & Co. now owns 2,508,786 shares of the mining company’s stock valued at $5,168,000 after buying an additional 27,630 shares during the period. Institutional investors own 77.18% 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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