Q4 2016 EPS Estimates for Cloud Peak Energy Inc. Increased by FBR & Co (CLD)
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.
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.
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.
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.