Cloud Peak Energy Inc. (CLD) Shares Up 2.3%
Cloud Peak Energy Inc. (NYSE:CLD) shot up 2.3% on Tuesday . The stock traded as high as $3.61 and last traded at $3.61, with a volume of 349,775 shares. The stock had previously closed at $3.53.
Several research firms have weighed in on CLD. FBR & Co cut Cloud Peak Energy from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $1.50 to $1.25 in a research note on Friday, April 29th. Zacks Investment Research cut Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Finally, Clarkson Capital cut Cloud Peak Energy from a “neutral” rating to a “sell” rating in a research note on Monday, April 18th. Four analysts have rated the stock with a sell rating and four have given a hold rating to the company. Cloud Peak Energy has an average rating of “Hold” and a consensus price target of $6.28.
The company’s 50-day moving average price is $2.83 and its 200 day moving average price is $2.17. The stock’s market capitalization is $214.19 million.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings data on Thursday, July 28th. The mining company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.79. During the same quarter in the prior year, the firm posted ($0.87) earnings per share. The business earned $174.20 million during the quarter, compared to analysts’ expectations of $171.57 million. The firm’s quarterly revenue was down 28.6% on a year-over-year basis. On average, equities analysts predict that Cloud Peak Energy Inc. will post ($0.22) earnings per share for the current fiscal year.
Other hedge funds and institutional investors have added to or reduced their stakes in the company. 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 worth $1,560,000 after buying an additional 191,285 shares in the last quarter. 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 worth $1,120,000 after buying an additional 72,884 shares in 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 worth $1,980,000 after buying an additional 271,119 shares in the last quarter. Finally, 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 worth $2,761,000 after buying an additional 378,419 shares in 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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