An issue of Cloud Peak Energy Inc. (NYSE:CLD) bonds rose 3.1% against their face value during trading on Thursday. The debt issue has a 6.375% coupon and will mature on March 15, 2024. The bonds in the issue are now trading at $72.56. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.

Several equities analysts have weighed in on the stock. Stephens reiterated a “neutral” rating on shares of Cloud Peak Energy in a research report on Wednesday, November 2nd. Seaport Global Securities assumed coverage on shares of Cloud Peak Energy in a research report on Wednesday, November 2nd. They set a “neutral” rating and a $7.00 price objective on the stock. Zacks Investment Research upgraded shares of Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a research report on Tuesday, October 11th. FBR & Co reissued a “sell” rating and set a $4.00 target price (up previously from $1.75) on shares of Cloud Peak Energy in a research note on Thursday, October 13th. Finally, Stifel Nicolaus lifted their target price on shares of Cloud Peak Energy from $5.50 to $8.50 and gave the company a “buy” rating in a research note on Friday, October 28th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Cloud Peak Energy presently has a consensus rating of “Hold” and an average target price of $8.71.

Cloud Peak Energy (NYSE:CLD) last posted its earnings results on Thursday, October 27th. The mining company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.19. The business had revenue of $217.10 million for the quarter, compared to analysts’ expectations of $222.06 million. Cloud Peak Energy had a negative net margin of 19.07% and a positive return on equity of 2.60%. The firm’s revenue for the quarter was down 28.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share.

A number of hedge funds have recently bought and sold shares of CLD. BlackRock Fund Advisors boosted its stake in Cloud Peak Energy by 9.1% in the third quarter. BlackRock Fund Advisors now owns 2,969,896 shares of the mining company’s stock worth $16,156,000 after buying an additional 248,611 shares during the last quarter. Towle & Co. boosted 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 worth $5,168,000 after buying an additional 27,630 shares during the last quarter. Oxford Asset Management boosted its stake in Cloud Peak Energy by 15.0% in the second quarter. Oxford Asset Management now owns 1,060,830 shares of the mining company’s stock worth $2,185,000 after buying an additional 138,461 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Cloud Peak Energy by 15.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 880,968 shares of the mining company’s stock worth $4,792,000 after buying an additional 115,317 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in Cloud Peak Energy during the second quarter worth $1,643,000. 76.45% of the stock is currently 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.

5 Day Chart for NYSE:CLD

Receive News & Stock Ratings for Cloud Peak Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloud Peak Energy Inc. and related stocks with our FREE daily email newsletter.