Cloud Peak Energy Inc. (CLD) Sees Large Volume Increase
Cloud Peak Energy Inc. (NYSE:CLD) shares saw unusually-strong trading volume on Friday . Approximately 2,154,753 shares traded hands during trading, an increase of 111% from the previous session’s volume of 1,020,097 shares.The stock last traded at $4.08 and had previously closed at $4.00.
Several research analysts recently issued reports on CLD shares. Zacks Investment Research upgraded Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a research report on Thursday, July 21st. FBR & Co lifted their price objective on Cloud Peak Energy from $1.25 to $1.75 and gave the stock an “underperform” rating in a research report on Friday, July 29th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Cloud Peak Energy currently has an average rating of “Hold” and an average price target of $6.28.
The firm’s market capitalization is $237.79 million. The firm’s 50-day moving average is $3.39 and its 200 day moving average is $2.37.
Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings results on Thursday, July 28th. The mining company reported $0.48 EPS for the quarter, beating the consensus estimate of ($0.31) by $0.79. The firm earned $174.20 million during the quarter, compared to analyst estimates of $171.57 million. Cloud Peak Energy’s revenue for the quarter was down 28.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.87) EPS. Analysts anticipate that Cloud Peak Energy Inc. will post ($0.44) earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.