Cloud Peak Energy Inc. (CLD) Trading Up 4.7%
Shares of Cloud Peak Energy Inc. (NYSE:CLD) were up 4.7% on Monday . The stock traded as high as $3.58 and last traded at $3.57, with a volume of 485,851 shares changing hands. The stock had previously closed at $3.41.
Several analysts recently weighed in on CLD shares. Zacks Investment Research upgraded shares of Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a report on Friday, July 29th. FBR & Co lifted their target price on shares of Cloud Peak Energy from $1.25 to $1.75 and gave the company an “underperform” rating in a report on Friday, July 29th. Four investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.28.
The company’s 50-day moving average is $3.74 and its 200 day moving average is $2.56. The firm’s market capitalization is $230.12 million.
Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings data on Thursday, July 28th. The mining company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.79. The business had revenue of $174.20 million for the quarter, compared to the consensus estimate of $171.57 million. Cloud Peak Energy had a negative net margin of 16.17% and a positive return on equity of 3.70%. The company’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.87) earnings per share. Equities analysts forecast that Cloud Peak Energy Inc. will post ($0.52) earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Menta Capital LLC increased its position in shares of Cloud Peak Energy by 5.4% in the first quarter. Menta Capital LLC now owns 56,312 shares of the mining company’s stock valued at $110,000 after buying an additional 2,898 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Cloud Peak Energy by 64.2% in the first quarter. Acadian Asset Management LLC now owns 635,209 shares of the mining company’s stock valued at $1,237,000 after buying an additional 248,285 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Cloud Peak Energy during the first quarter valued at about $1,025,000. A.R.T. Advisors LLC increased its position in shares of Cloud Peak Energy by 137.5% in the first quarter. A.R.T. Advisors LLC now owns 399,680 shares of the mining company’s stock valued at $779,000 after buying an additional 231,400 shares during the last quarter. Finally, Oxford Asset Management increased its position in shares of Cloud Peak Energy by 15.0% in the second quarter. Oxford Asset Management now owns 1,060,830 shares of the mining company’s stock valued at $2,185,000 after buying an additional 138,461 shares during the last quarter. 77.13% of the stock is currently owned by institutional investors and hedge funds.
About Cloud Peak Energy
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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