Cloud Peak Energy Inc. (CLD) Given Average Recommendation of “Hold” by Brokerages
Shares of Cloud Peak Energy Inc. (NYSE:CLD) have been assigned an average rating of “Hold” from the seven analysts that are covering the stock. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $5.65.
CLD has been the subject of several analyst reports. Stephens reaffirmed a “neutral” rating on shares of Cloud Peak Energy in a research note on Wednesday, November 2nd. Seaport Global Securities initiated coverage on Cloud Peak Energy in a research note on Wednesday, November 2nd. They issued a “neutral” rating and a $7.00 price objective for the company. Zacks Investment Research raised Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research note on Tuesday, October 11th. FBR & Co reaffirmed a “sell” rating and issued a $4.00 price objective (up from $1.75) on shares of Cloud Peak Energy in a research note on Thursday, October 13th. Finally, Stifel Nicolaus raised their price objective on Cloud Peak Energy from $5.50 to $8.50 and gave the company a “buy” rating in a research note on Friday, October 28th.
Shares of Cloud Peak Energy (NYSE:CLD) traded down 5.56% during midday trading on Tuesday, reaching $5.60. The company had a trading volume of 1,182,211 shares. The firm’s 50 day moving average price is $6.12 and its 200-day moving average price is $3.85. The stock’s market capitalization is $330.98 million. Cloud Peak Energy has a 1-year low of $1.08 and a 1-year high of $8.04.
Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings results on Thursday, October 27th. The mining company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.19. Cloud Peak Energy had a positive return on equity of 2.60% and a negative net margin of 19.07%. The company earned $217.10 million during the quarter, compared to analyst estimates of $222.06 million. During the same period in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was down 28.0% on a year-over-year basis. Equities research analysts expect that Cloud Peak Energy will post $0.06 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Bank of Montreal Can acquired a new stake in shares of Cloud Peak Energy during the third quarter worth about $109,000. Brandes Investment Partners LP acquired a new stake in shares of Cloud Peak Energy during the second quarter worth about $145,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Cloud Peak Energy during the third quarter worth about $147,000. LMR Partners LLP acquired a new stake in shares of Cloud Peak Energy during the second quarter worth about $157,000. Finally, Mountain Lake Investment Management LLC acquired a new stake in shares of Cloud Peak Energy during the third quarter worth about $168,000. 69.62% of the stock is owned by hedge funds and other institutional investors.
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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