Cloud Peak Energy Inc (CLD) Upgraded to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Cloud Peak Energy Inc (NYSE:CLD) from a hold rating to a buy rating in a report published on Thursday morning. The brokerage currently has $5.00 target price on the mining company’s stock.
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. “
Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of Cloud Peak Energy from a hold rating to a sell rating in a report on Tuesday, July 25th. ValuEngine lowered shares of Cloud Peak Energy from a buy rating to a hold rating in a report on Friday, July 28th. BMO Capital Markets set a $4.00 price objective on shares of Cloud Peak Energy and gave the company a hold rating in a report on Tuesday, July 4th. Finally, Stifel Nicolaus reissued a buy rating and set a $6.00 price objective on shares of Cloud Peak Energy in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $5.25.
Cloud Peak Energy (NYSE CLD) traded up 1.33% during trading on Thursday, hitting $4.58. The stock had a trading volume of 1,675,277 shares. Cloud Peak Energy has a 12 month low of $2.78 and a 12 month high of $8.03. The stock’s market cap is $344.10 million. The firm has a 50 day moving average of $3.56 and a 200-day moving average of $3.54.
Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings data on Thursday, July 27th. The mining company reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). The firm had revenue of $229.20 million for the quarter, compared to analyst estimates of $236.94 million. Cloud Peak Energy had a negative net margin of 0.47% and a positive return on equity of 0.54%. The business’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. Equities analysts predict that Cloud Peak Energy will post ($0.44) earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. KCG Holdings Inc. acquired a new position in Cloud Peak Energy during the first quarter valued at $112,000. BNP Paribas Arbitrage SA lifted its position in 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 valued at $112,000 after purchasing an additional 10,801 shares during the period. Louisiana State Employees Retirement System lifted its position in Cloud Peak Energy by 0.3% during the second quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the mining company’s stock valued at $108,000 after purchasing an additional 100 shares during the period. Hartford Investment Management Co. acquired a new position in Cloud Peak Energy during the second quarter valued at $119,000. Finally, AJO LP acquired a new position in Cloud Peak Energy during the second quarter valued at $120,000. Institutional investors own 81.14% 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). 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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