Cloud Peak Energy Inc. (CLD) Sees Large Volume Increase
Cloud Peak Energy Inc. (NYSE:CLD) shares saw strong trading volume on Friday . 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 analysts have issued reports on CLD shares. FBR & Co boosted their target price on shares of Cloud Peak Energy from $1.25 to $1.75 and gave the company an “underperform” rating in a research note on Friday, July 29th. Zacks Investment Research downgraded shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $6.28.
The company’s market cap is $237.79 million. The firm has a 50-day moving average price of $3.39 and a 200-day moving average price of $2.37.
Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings results 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. The company earned $174.20 million during the quarter, compared to analyst estimates of $171.57 million. During the same period in the prior year, the business earned ($0.87) EPS. The business’s revenue for the quarter was down 28.6% on a year-over-year basis. On average, analysts predict that Cloud Peak Energy Inc. will post ($0.44) EPS 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.