Cloud Peak Energy Inc (NYSE:CLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Cloud Peak Energy operates as a producer of low sulfur, high quality, sub-bituminous coal in the United States. It owns and operates three surface coal mines in the Powder River Basin named: Antelope, Cordero Rojo and the Spring Creek Mine. The Antelope Mine and Cordero Rojo Mine are located in Wyoming and the Spring Creek Mine is located near Decker, Montana. The company is headquartered in Gillette, Wyoming. “

A number of other analysts have also weighed in on CLD. BidaskClub lowered Cloud Peak Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. BMO Capital Markets set a $4.00 target price on Cloud Peak Energy and gave the stock a “hold” rating in a report on Saturday, August 5th. Stifel Nicolaus restated a “buy” rating and set a $6.00 target price on shares of Cloud Peak Energy in a report on Friday, July 21st. Finally, ValuEngine lowered Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $5.41.

Shares of Cloud Peak Energy (NYSE:CLD) opened at 3.36 on Tuesday. Cloud Peak Energy has a 12-month low of $2.78 and a 12-month high of $8.03. The company’s market cap is $252.44 million. The firm has a 50 day moving average price of $3.17 and a 200-day moving average price of $3.65.

Cloud Peak Energy (NYSE:CLD) last posted its earnings results on Thursday, July 27th. The mining company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). The company had revenue of $229.20 million during the quarter, compared to analyst estimates of $236.94 million. Cloud Peak Energy had a positive return on equity of 0.54% and a negative net margin of 0.47%. Cloud Peak Energy’s revenue was up 31.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, equities analysts expect that Cloud Peak Energy will post ($0.49) earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. MARSHALL WACE ASIA Ltd acquired a new position in shares of Cloud Peak Energy during the first quarter worth $5,249,000. Russell Investments Group Ltd. increased its position in shares of Cloud Peak Energy by 44.3% during the first quarter. Russell Investments Group Ltd. now owns 1,200,432 shares of the mining company’s stock worth $5,498,000 after purchasing an additional 368,260 shares in the last quarter. Laurion Capital Management LP acquired a new position in shares of Cloud Peak Energy during the first quarter worth $1,083,000. Great West Life Assurance Co. Can increased its position in shares of Cloud Peak Energy by 25.5% during the first quarter. Great West Life Assurance Co. Can now owns 95,198 shares of the mining company’s stock worth $435,000 after purchasing an additional 19,366 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its position in shares of Cloud Peak Energy by 45.3% during the first quarter. State of Tennessee Treasury Department now owns 70,844 shares of the mining company’s stock worth $324,000 after purchasing an additional 22,095 shares in the last quarter. 81.14% of the stock is currently owned by institutional investors and hedge funds.

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). In the PRB, the Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. Its segments include Owned and Operated Mines, and Logistics and Related Activities.

Analyst Recommendations for Cloud Peak Energy (NYSE:CLD)

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