Cloud Peak Energy Inc. (CLD) Given Consensus Rating of “Hold” by Brokerages
Shares of Cloud Peak Energy Inc. (NYSE:CLD) have earned a consensus rating of “Hold” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $5.00.
CLD has been the topic of a number of recent research reports. Zacks Investment Research raised Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a report on Tuesday, November 14th. JPMorgan Chase & Co. lowered Cloud Peak Energy from an “overweight” rating to a “neutral” rating in a report on Monday, November 20th. Stifel Nicolaus reissued a “buy” rating and issued a $7.00 target price on shares of Cloud Peak Energy in a report on Tuesday, January 16th. BMO Capital Markets set a $5.00 target price on Cloud Peak Energy and gave the company a “hold” rating in a report on Friday, October 27th. Finally, TheStreet raised Cloud Peak Energy from a “d+” rating to a “c-” rating in a report on Friday, October 27th.
Several large investors have recently added to or reduced their stakes in the company. Citigroup Inc. grew its holdings in Cloud Peak Energy by 40.7% during the second quarter. Citigroup Inc. now owns 117,517 shares of the mining company’s stock worth $415,000 after acquiring an additional 33,987 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Cloud Peak Energy by 113.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,172,787 shares of the mining company’s stock worth $4,293,000 after acquiring an additional 622,821 shares during the period. Renaissance Technologies LLC grew its holdings in Cloud Peak Energy by 21.0% during the second quarter. Renaissance Technologies LLC now owns 4,592,000 shares of the mining company’s stock worth $16,210,000 after acquiring an additional 796,400 shares during the period. Kopernik Global Investors LLC grew its holdings in Cloud Peak Energy by 3.9% during the third quarter. Kopernik Global Investors LLC now owns 4,436,525 shares of the mining company’s stock worth $16,239,000 after acquiring an additional 167,978 shares during the period. Finally, TIAA CREF Investment Management LLC acquired a new position in Cloud Peak Energy during the second quarter worth $711,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.
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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.
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