Cloud Peak Energy Inc. (NYSE:CLD)’s share price dropped 3.1% on Monday . The stock traded as low as $2.42 and last traded at $2.48, with a volume of 317,209 shares trading hands. The stock had previously closed at $2.56.

CLD has been the subject of several recent analyst reports. Zacks Investment Research upgraded Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research note on Thursday. Clarkson Capital upgraded Cloud Peak Energy from a “market perform” rating to an “outperform” rating and cut their price target for the company from $26.00 to $24.00 in a research note on Monday, March 28th. Finally, FBR & Co lowered Cloud Peak Energy from a “market perform” rating to an “underperform” rating and cut their price target for the company from $1.50 to $1.25 in a research note on Friday, April 29th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.93.

The stock’s 50 day moving average price is $2.23 and its 200-day moving average price is $1.95. The company’s market capitalization is $147.25 million.

Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings data on Thursday, April 28th. The mining company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.15) by $0.38. The company had revenue of $181.25 million for the quarter, compared to analyst estimates of $207.08 million. Cloud Peak Energy’s revenue was down 42.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) earnings per share. Equities research analysts predict that Cloud Peak Energy Inc. will post ($0.91) EPS for the current fiscal year.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its position in Cloud Peak Energy by 15.7% in the fourth quarter. Morgan Stanley now owns 538,526 shares of the mining company’s stock valued at $1,120,000 after buying an additional 72,884 shares during the last quarter. Systematic Financial Management LP raised its position in Cloud Peak Energy by 34.2% in the fourth quarter. Systematic Financial Management LP now owns 750,167 shares of the mining company’s stock valued at $1,560,000 after buying an additional 191,285 shares during the last quarter. First Trust Advisors LP raised its position in Cloud Peak Energy by 39.8% in the fourth quarter. First Trust Advisors LP now owns 951,943 shares of the mining company’s stock valued at $1,980,000 after buying an additional 271,119 shares during the last quarter. Russell Frank Co raised its position in Cloud Peak Energy by 38.8% in the fourth quarter. Russell Frank Co now owns 1,353,573 shares of the mining company’s stock valued at $2,761,000 after buying an additional 378,419 shares during the last quarter. Finally, Boston Partners raised its position in Cloud Peak Energy by 9.4% in the fourth quarter. Boston Partners now owns 3,692,741 shares of the mining company’s stock valued at $7,681,000 after buying an additional 316,378 shares during the last quarter.

Cloud Peak Energy Inc is a producer of coal in the United States of America and the Powder River basin (PRB). The Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine, and the Spring Creek Mine. The Company operates through two segments: Owned and Operated Mines segment, and Logistics and Related Activities.

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