Cloud Peak Energy Inc (CLD) Cut to Sell at Zacks Investment Research
Cloud Peak Energy Inc (NYSE:CLD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.
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. “
Several other research analysts have also weighed in on the stock. ValuEngine lowered shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Stifel Nicolaus set a $6.00 target price on shares of Cloud Peak Energy and gave the company a “buy” rating in a research note on Friday, August 25th. BMO Capital Markets set a $4.00 target price on shares of Cloud Peak Energy and gave the company a “hold” rating in a research note on Tuesday, July 4th. Finally, BidaskClub lowered shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Cloud Peak Energy currently has an average rating of “Hold” and a consensus target price of $5.41.
Cloud Peak Energy (NYSE:CLD) traded up 4.10% during mid-day trading on Monday, reaching $3.81. 524,623 shares of the company’s stock were exchanged. Cloud Peak Energy has a 52 week low of $2.78 and a 52 week high of $8.03. The stock’s market cap is $286.25 million. The stock has a 50-day moving average price of $3.15 and a 200-day moving average price of $3.60.
Cloud Peak Energy (NYSE:CLD) last released its earnings results on Thursday, July 27th. The mining company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). Cloud Peak Energy had a positive return on equity of 0.54% and a negative net margin of 0.47%. The firm had revenue of $229.20 million for the quarter, compared to analyst estimates of $236.94 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up 31.6% on a year-over-year basis. On average, analysts forecast that Cloud Peak Energy will post ($0.47) earnings per share for the current year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased its holdings in Cloud Peak Energy by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the mining company’s stock worth $108,000 after purchasing an additional 100 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Cloud Peak Energy by 78.5% during the first quarter. BNP Paribas Arbitrage SA now owns 24,555 shares of the mining company’s stock worth $112,000 after buying an additional 10,801 shares in the last quarter. KCG Holdings Inc. bought a new position in shares of Cloud Peak Energy during the first quarter worth about $112,000. Hartford Investment Management Co. bought a new position in shares of Cloud Peak Energy during the second quarter worth about $119,000. Finally, AJO LP bought a new position in shares of Cloud Peak Energy during the second quarter worth about $120,000. 81.14% 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). 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.
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