Cloud Peak Energy Inc. (CLD) Downgraded by Zacks Investment Research
According to Zacks, “Cloud Peak Energy operates as a producer of low sulfur, high quality, sub-bituminous coal in the United States. It owns and operates three surface coal mines in the Powder River Basin named: Antelope, Cordero Rojo and the Spring Creek Mine. The Antelope Mine and Cordero Rojo Mine are located in Wyoming and the Spring Creek Mine is located near Decker, Montana. The company is headquartered in Gillette, Wyoming. “
Separately, FBR & Co raised their target price on Cloud Peak Energy from $1.25 to $1.75 and gave the company an underperform rating in a research note on Friday, July 29th. Four investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. Cloud Peak Energy presently has an average rating of Hold and an average target price of $6.28.
Cloud Peak Energy (NYSE:CLD) opened at 5.44 on Wednesday. The firm has a 50-day moving average price of $4.01 and a 200-day moving average price of $2.70. Cloud Peak Energy has a 52 week low of $1.08 and a 52 week high of $5.44. The company’s market cap is $320.99 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, topping the consensus estimate of ($0.31) by $0.79. Cloud Peak Energy had a positive return on equity of 3.70% and a negative net margin of 16.17%. The business earned $174.20 million during the quarter, compared to analysts’ expectations of $171.57 million. During the same quarter last year, the business posted ($0.87) EPS. The business’s revenue was down 28.6% on a year-over-year basis. Equities research analysts anticipate that Cloud Peak Energy will post ($0.52) EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in CLD. Menta Capital LLC boosted 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 worth $110,000 after buying an additional 2,898 shares during the last quarter. Brandes Investment Partners LP bought a new position in shares of Cloud Peak Energy during the second quarter worth about $145,000. LMR Partners LLP bought a new position in shares of Cloud Peak Energy during the second quarter worth about $157,000. JPMorgan Chase & Co. bought a new position in shares of Cloud Peak Energy during the second quarter worth about $199,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Cloud Peak Energy by 17.6% in the second quarter. Cubist Systematic Strategies LLC now owns 99,374 shares of the mining company’s stock worth $205,000 after buying an additional 14,887 shares during the last quarter. Institutional investors and hedge funds own 77.13% of the company’s stock.
Cloud Peak Energy Company Profile
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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