An issue of Cloud Peak Energy Inc. (NYSE:CLD) debt fell 5% against its face value during trading on Thursday. The high-yield issue of debt has a 12% coupon and is set to mature on November 1, 2021. The debt is now trading at $25.50. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

Several research firms recently issued reports on CLD. Zacks Investment Research lowered shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. BMO Capital Markets set a $4.00 price objective on shares of Cloud Peak Energy and gave the company a “hold” rating in a research note on Thursday, December 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $2.25.

Cloud Peak Energy stock traded down $0.01 on Thursday, reaching $0.19. 4,908,698 shares of the stock were exchanged, compared to its average volume of 6,906,396. The firm has a market cap of $15.84 million, a price-to-earnings ratio of -0.45 and a beta of 2.66. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.05 and a quick ratio of 1.52. Cloud Peak Energy Inc. has a twelve month low of $0.16 and a twelve month high of $4.10.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Cloud Peak Energy by 1.9% during the 4th quarter. BlackRock Inc. now owns 10,583,555 shares of the mining company’s stock worth $3,877,000 after acquiring an additional 198,804 shares during the last quarter. Vanguard Group Inc lifted its position in Cloud Peak Energy by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 4,698,036 shares of the mining company’s stock worth $10,805,000 after acquiring an additional 58,484 shares during the last quarter. Vanguard Group Inc. lifted its position in Cloud Peak Energy by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,698,036 shares of the mining company’s stock worth $10,805,000 after acquiring an additional 58,484 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Cloud Peak Energy by 4.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,171,763 shares of the mining company’s stock worth $4,995,000 after acquiring an additional 95,543 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Cloud Peak Energy by 2.7% during the 2nd quarter. Northern Trust Corp now owns 1,415,207 shares of the mining company’s stock worth $4,939,000 after acquiring an additional 36,751 shares during the last quarter. 77.91% of the stock is owned by hedge funds and other institutional investors.

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Cloud Peak Energy Company Profile (NYSE:CLD)

Cloud Peak Energy Inc produces coal in the Powder River Basin and the United States. The company operates through Owned and Operated Mines, and Logistics and Related Activities. It owns and operates three surface coal mines comprising the Antelope Mine and the Cordero Rojo Mine located in Wyoming; and the Spring Creek Mine located in Montana.

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