Zacks Investment Research upgraded shares of Cloud Peak Energy Inc (NYSE:CLD) from a hold rating to a buy rating in a research note published on Tuesday morning. The firm currently has $4.75 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. “

Several other research analysts have also commented on CLD. B. Riley reaffirmed a neutral rating on shares of Cloud Peak Energy in a research note on Wednesday, November 1st. BidaskClub lowered shares of Cloud Peak Energy from a hold rating to a sell rating in a research note on Tuesday, July 25th. BMO Capital Markets set a $4.00 price objective on shares of Cloud Peak Energy and gave the stock a hold rating in a research note on Saturday, August 5th. TheStreet raised shares of Cloud Peak Energy from a d+ rating to a c- rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $6.00 price objective on shares of Cloud Peak Energy in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $5.11.

Shares of Cloud Peak Energy (NYSE CLD) traded up $0.02 during trading hours on Tuesday, hitting $4.30. 814,551 shares of the stock traded hands, compared to its average volume of 1,304,601. Cloud Peak Energy has a 52-week low of $2.78 and a 52-week high of $6.65. The company has a quick ratio of 1.61, a current ratio of 2.14 and a debt-to-equity ratio of 0.41. The company has a market cap of $321.61, a PE ratio of 52.63 and a beta of 1.64.

Cloud Peak Energy (NYSE:CLD) last posted its earnings results on Thursday, October 26th. The mining company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $249.00 million during the quarter, compared to analysts’ expectations of $254.82 million. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. equities analysts forecast that Cloud Peak Energy will post -0.39 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System raised its holdings in shares of Cloud Peak Energy by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the mining company’s stock valued at $108,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Cloud Peak Energy by 0.3% in the second quarter. Arizona State Retirement System now owns 39,153 shares of the mining company’s stock valued at $138,000 after acquiring an additional 100 shares in the last quarter. Texas Permanent School Fund grew its stake in Cloud Peak Energy by 1.0% in the second quarter. Texas Permanent School Fund now owns 54,799 shares of the mining company’s stock valued at $193,000 after purchasing an additional 523 shares during the last quarter. Prudential Financial Inc. grew its stake in Cloud Peak Energy by 0.8% in the second quarter. Prudential Financial Inc. now owns 122,295 shares of the mining company’s stock valued at $432,000 after purchasing an additional 920 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its stake in Cloud Peak Energy by 4.0% in the second quarter. Thrivent Financial For Lutherans now owns 44,860 shares of the mining company’s stock valued at $158,000 after purchasing an additional 1,730 shares during the last quarter. Hedge funds and other institutional investors own 80.70% 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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