Cloud Peak Energy Inc. (NYSE:CLD) – Analysts at FBR & Co increased their Q4 2016 earnings per share (EPS) estimates for Cloud Peak Energy in a report issued on Wednesday. FBR & Co analyst L. Pipes now expects that the firm will post earnings per share of ($0.13) for the quarter, up from their previous forecast of ($0.15). FBR & Co has a “Underperform” rating and a $4.50 price objective on the stock. FBR & Co also issued estimates for Cloud Peak Energy’s FY2017 earnings at $0.06 EPS.

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. The firm earned $217.10 million during 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 company’s revenue for the quarter was down 28.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share.

WARNING: “Q4 2016 EPS Estimates for Cloud Peak Energy Inc. Increased by FBR & Co (CLD)” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was copied illegally and reposted in violation of US and international trademark & copyright laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2016/11/29/q4-2016-eps-estimates-for-cloud-peak-energy-inc-increased-by-fbr-co-cld.html.

Earnings History and Estimates for Cloud Peak Energy (NYSE:CLD)

A number of other analysts have also commented on the company. Stephens reaffirmed a “neutral” rating on shares of Cloud Peak Energy in a research note on Wednesday, November 2nd. Seaport Global Securities began coverage on Cloud Peak Energy in a research note on Wednesday, November 2nd. They issued a “neutral” rating and a $7.00 price target for the company. Stifel Nicolaus raised their price target on Cloud Peak Energy from $5.50 to $8.50 and gave the stock a “buy” rating in a research note on Friday, October 28th. Finally, 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 report on Tuesday, October 11th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Cloud Peak Energy presently has an average rating of “Hold” and an average price target of $8.71.

Shares of Cloud Peak Energy (NYSE:CLD) opened at 5.93 on Monday. The firm has a 50-day moving average of $6.12 and a 200-day moving average of $3.85. The firm’s market cap is $350.49 million. Cloud Peak Energy has a 52 week low of $1.08 and a 52 week high of $8.04.

Several institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors increased its position in shares of 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 valued at $16,156,000 after buying an additional 248,611 shares during the last quarter. Towle & Co. increased its position in shares of 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 last quarter. Oxford Asset Management increased its position in shares of 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 valued at $2,185,000 after buying an additional 138,461 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Cloud Peak Energy by 44.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 954,644 shares of the mining company’s stock valued at $5,193,000 after buying an additional 294,294 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp bought a new position in shares of Cloud Peak Energy during the third quarter valued at $5,149,000. Hedge funds and other institutional investors own 69.62% of the company’s stock.

WARNING: “Q4 2016 EPS Estimates for Cloud Peak Energy Inc. Increased by FBR & Co (CLD)” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was copied illegally and reposted in violation of US and international trademark & copyright laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2016/11/29/q4-2016-eps-estimates-for-cloud-peak-energy-inc-increased-by-fbr-co-cld.html.

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

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